Think of Ivan Boesky, whose cooperation led to the downfall of Drexel, Burnham, Lambert.
Or Dennis Levine, who passed insider information to Ivan Boesky, and then cooperated against Boesky.
In 1986 Boesky was the commencement speaker at Berkeley's business school graduation exercises.
But people forget that in the 1980s Boesky was celebrated by the media.
Ivan Boesky used to say that he was a pure arbitrageur when of course he was really insider trading.
Boesky never wanter to pay for Drexel's services--among other things for advice on possible acquisition candidates for his Northview holding company.
Robert Khuzami, who is stepping down as enforcement chief, brought insider-trading cases that hearkened back to the 1980s and Ivan Boesky.
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One of your former colleagues says it was only after you knew Boesky was in trouble that you turned against hostile takeovers.
The larger-than-life character is a walking, talking embodiment of 1980s avarice and corporate malfeasance, a surrogate for real-life villains like corporate raider Ivan Boesky.
Regulators came out swinging Thursday, announcing what they billed as one of the biggest insider trading cases since the Ivan Boesky scandal of the late-1980s.
Mr Boesky served time, but only about as much as Mr Milken, and much less than had been expected before Mr Pitt worked his magic.
Such associations are astonishing for this tough, Brooklyn-born prosecutor who nailed gangsters like Paul Castellano and white-collar felons like Marc Rich, Ivan Boesky and Michael Milken.
FORBES: As a businessman, he's been mixing with a sketchier crowd.
Paddle8.com has worked with David Zwirner, White Cube, Marianne Boesky, Gagosian, Yvonne Lambert, Honor Fraser, Performa, and NADA Miami Beach to offer works of art online by major contemporary artists.
While arbitrager Ivan Boesky was well-known at the time of his guilty plea in the 1980s, he wasn't as deeply embedded in American corporations as Mr. Gupta, who advised many high-profile chief executives.
The guy that Boesky gave information on was supposed to be an even bigger figure, Michael Milken, who served 22 months (yes, months) and paid fines and restitution of hundreds of millions of dollars.
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He dealth with some nasty characters, like Ivan Boesky and Victor Posner and Meshulam Riklis, but from his trading desk in Beverly Hills he also raised billions of dollars for Turner Broadcasting, MCI, Time Warner, Medco, McCaw Cellular and Rupert Murdoch's enterprises.
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