Published by
Benzinga
Benzinga
Ivan F. Boesky, a prominent figure in the 1980s Wall Street insider trading scandals, died Monday at the age of 87. His daughter,Marianne Boesky, confirmed the news, according to The New York Times. An inspiration for the character Gordon Gekko in Oliver Stone‘s movie “Wall Street” and its sequel, Mr. Boesky amassed a fortune by betting on stock tips, which were often obtained illegally in exchange for suitcases full of cash. What Happened: Boesky, a symbol of Wall Street’s avarice, was known for his aggressive approach to arbitrage, the buying and selling of stocks in companies that appeared …