Boesky crimes were massive: systematically robbing clients by trading on their confidential information, manipulating securities prices to force deals on which he could make huge fees, gouging unsuspecting clients on junk-bond issues, and taking for himself securities meant for his customers. By 10 years Milken was making more than $10 million a year. Mr. Milken took a legal pad and red flair pen and began to write, citing his achievements: that he won a dance contest in elementary school and was prom king in high school. He soon enlisted Boesky in his schemes. Ivan F. Boesky was already trading illegally on secret information. The partnership flourished until Sept. 17, 1986 when Boesky became an undercover agent for the Department of Justice . This was the beginning of the fall which culminated on Nov. 21, 1990 when Milken was sentenced to 10 years in prison.
Boesky crimes were massive: systematically robbing clients by trading on their confidential information, manipulating securities prices to force deals on which he could make huge fees, gouging unsuspecting clients on junk-bond issues, and taking for himself securities meant for his customers. By 10 years Milken was making more than $10 million a year. He soon enlisted Boesky in his schemes. Ivan F. Boesky was already trading illegally on secret information. The partnership flourished until Sept. 17, 1986 when Boesky became an undercover agent for the Department of Justice . This was the beginning of the fall which culminated on Nov. 21, 1990 when Milken was sentenced to 10 years in prison.