Ivan Boesky, stock trader convicted in insider trading scandal, dead at 87

Ivan F. Boesky, the flamboyant stock trader whose cooperation with the government cracked open one of the largest insider trading scandals on Wall Street, has died at the age of 87. A representative at the Marianne Boesky Gallery, owned by his daughter, confirmed his death. The son of a Detroit delicatessen owner, Boesky was once considered one of the richest and most influential risk-takers on Wall Street. He had parlayed $700,000 from his late mother-in-law’s estate into a fortune estimated at more than $200 million. Once implicated in insider trading, Boesky cooperated with a brash young U.S. attorney named Rudolph Giuliani, uncovering a scandal that blemished some of the most respected U.S. investment brokerages.