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Ivan F. Boesky, the flamboyant stock trader whose cooperation with the government cracked open one of the largest insider trading scandals in the history of Wall Street, has died at the age of 87.

A representative at the Marianne Boesky Gallery, owned by Ivan Boesky’s daughter, confirmed his death. No other details were given.

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, hurtling him into the ranks of Forbes magazine’s list of the 400 richest Americans.

Once implicated in insider trading, Boesky cooperated with a brash young U.S. attorney named Rudolph Giuliani in a bid for leniency, uncovering a scandal that shattered promising careers, blemished some of the most respected U.S. investment brokerages and injected a certain paranoia into the securities industry.

Working undercover, Boesky secretly taped three conversations with Michael Milken, the so-called “junk bond king” whose work with Drexel Burnham Lambert had revolutionized the credit markets. Milken eventually pleaded guilty to six felonies and served 22 months in prison, while Boesky paid a $100 million fine and spent 20 months in a minimum-security California prison nicknamed “Club Fed,” beginning in March 1988.

After Boesky’s arrest, accounts circulated widely that he had had told business students during a commencement address at the University of California at Berkeley in 1985 or 1986, “Greed is all right, by the way. I want you to know that. I think greed is healthy. You can be greedy and still feel good about yourself.”

The line was memorably echoed by Michael Douglas in his Oscar-winning portrayal of Gordon Gekko, a high-flying trader, in Oliver Stone’s 1987 film “Wall Street.”

“The point is, ladies and gentlemen, that greed, for lack of a better word, is good,” Douglas tells the shareholders of Teldar Paper. “Greed is right. Greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit.”

Boesky, however, said he couldn’t remember saying “greed is healthy” and denied another quotation attributed to him in the 1984 Atlantic Monthly, in which he allegedly said that climbing to the height of a huge pile of silver dollars would be “an aphrodisiac experience.”

While he usually worked 18-hour days, the silver-haired and lean Boesky also lived a life of opulence. He wore designer clothes, traveled in limousines, private airplanes and helicopters and revamped his 10,000-square-foot Westchester County mansion with a Jeffersonian dome to resemble Monticello.


A French court acquitted filmmaker Roman Polanski Tuesday of defaming a British actor whom he described as a liar after she accused him of sexual assault. The case stems from a 2019 interview with Paris Match magazine, where Polanski allegedly called Charlotte Lewis a liar following her accusations.

The court’s ruling did not address the truth of the rape allegation but focused solely on whether Polanski’s comments in the interview constituted defamation against Lewis. Polanski denied the charges.

The verdict was delivered Tuesday afternoon in a Paris court.

Lewis said she felt let down by the verdict and would appeal.

“I feel sad,” she said. “For us, it’s not over.”

Polanski was not in court. His lawyer Delphine Meillet called him to announce the news. She said the court recognized his right to challenge people who make accusations against him. She noted that the verdict came on the opening day of the Cannes Film Festival, calling it “a symbolic day.”

“It’s a victory for the rights of the defense,” the lawyer said.

At the heart of the accusations was that Polanski rebutted Lewis’s allegations of sexual assault in the 2019 interview with Paris Match, describing them as a “heinous lie.” Lewis had contended the remarks were defamatory, launching a legal battle against the 90-year-old director, known for classics such as “Rosemary’s Baby,” “Chinatown,” and “The Pianist.”

Lewis, who first made her allegations public in 2010, claimed Polanski “sexually abused me in the worst possible way when I was just 16 years old,” referring to an incident in 1983 in Paris during a casting session for his film “Pirates.”

The filmmaker has faced several other accusations of sexual assault that allegedly occurred over several decades, including a notable case from 1977 where he was charged with the rape of a 13-year-old in the United States. He pleaded guilty but fled to Europe in 1978 before sentencing could take place


Harvey Weinstein’s lawyer said Saturday that the onetime movie mogul has been hospitalized for a battery of tests after his return to New York City following an appeals court ruling nullifying his 2020 rape conviction.

Attorney Arthur Aidala said Weinstein was moved to Bellevue Hospital in Manhattan after his arrival on Friday to city jails.

“They examined him and sent him to Bellevue. It seems like he needs a lot of help, physically. He’s got a lot of problems. He’s getting all kinds of tests. He’s somewhat of a train wreck health wise,” Aidala said.

A message left with the hospital was not immediately returned Saturday.

Frank Dwyer, a spokesperson with the New York City Department of Correction, said only that Weinstein remains in custody at Bellevue. Thomas Mailey, a spokesperson for the state Department of Corrections and Community Supervision, said Weinstein was turned over to the city’s Department of Correction pursuant to the appeals ruling. Weinstein had been housed at the Mohawk Correctional Facility, about 100 miles (160 kilometers) northwest of Albany.

On Thursday, the New York Court of Appeals vacated his conviction after concluding that a trial judge permitted jurors to see and hear too much evidence not directly related to the charges he faced. It also erased his 23-year prison sentence and ordered a retrial.

Prosecutors said they intend to retry him on charges that he forcibly performed oral sex on a TV and film production assistant in 2006 and raped an aspiring actor in 2013.

Weinstein remained in custody after the appeals ruling because he was convicted in Los Angeles in 2022 of another rape and was sentenced to 16 years in prison.


The Illinois Supreme Court will hear an appeal of actor Jussie Smollett’s disorderly conduct conviction for staging a racist and homophobic attack against himself in 2019, then lying to Chicago police about it.

The court on Wednesday accepted the appeal from Smollett, formerly a cast member of the television drama “Empire.” It will review a December state appellate court ruling that upheld his 2021 conviction by a Cook County jury.

The case kicked up an international uproar and produced an intensive manhunt by Chicago police detectives.

There is no date set for the high court to hear arguments in the matter.

A special prosecutor refiled charges against Smollett after Cook County State’s Attorney Kim Foxx dropped the case and Smollett forfeited his $10,000 bond and conducted community service, which Smollett argues ended the case.

In a 2-1 decision, the state’s First District Appellate Court dismissed those claims, declaring that no one promised Smollett he wouldn’t face a fresh prosecution after accepting the original deal. Justice Freddrenna Lyle dissented, calling the refiled charges “fundamentally unfair.”

His attorneys have argued that Smollett, who is Black and gay, has been victimized by a racist and politicized justice system.

Smollett was found guilty of five counts of disorderly conduct for setting up the attack in which he claimed two men assaulted him on a Chicago street. He claimed they spouted slurs and an oath about being in “MAGA country” — an apparent reference to former President Donald Trump’s rallying credo — before tossing a noose around his neck.

Testimony at his trial indicated Smollett paid $3,500 to two men whom he knew from “Empire,” which was filmed in Chicago, to carry out the attack. But Smollett took the stand and told the jury, “There was no hoax.”

He was sentenced to 150 days in jail — six of which he served before he was freed pending appeal — 30 months of probation and ordered to pay $130,160 in restitution.



U.S. Sen. Bob Menendez and his wife pleaded not guilty on Monday to new obstruction of justice charges recently added to a broad corruption indictment threatening the Democrat’s re-election chances.

“Once again, not guilty your honor,” Menendez responded after Judge Sidney H. Stein asked him to enter a plea at a 20-minute hearing at a federal court in Manhattan. Menendez had previously pleaded not guilty to other charges in October.

Menendez and his wife, Nadine, left the courthouse without speaking to reporters. Menendez ignored a shouted question about whether he intends to run for re-election.

The couple is charged with taking bribes of gold bars, cash and a luxury car in return for the senator’s help in projects pursued by three New Jersey businessmen. Prosecutors say that in return for the loot, Menendez helped one of the men get a lucrative meat-certification deal with Egypt — and in doing so took actions favorable to the Egyptian government. An indictment said Menendez helped another associate get a deal with a Qatari investment fund.

Two of the three businessmen accused of bribing Menendez also entered not guilty pleas on Monday. A third, Jose Uribe, pleaded guilty two weeks ago to bribery charges and agreed to testify against the others at a trial set for May 6.

After his fall arrest, Menendez, 70, was forced to relinquish his chairmanship of the Senate Foreign Relations Committee but said he would not resign from Congress.

If Menendez does choose to seek re-election, he’ll likely have to face two other strong Democratic contenders in a June 4 primary: U.S. Rep. Andy Kim and Tammy Murphy, the wife of New Jersey’s governor.

The new allegations — part of what is now an 18-count indictment — are related to what prosecutors say were efforts to cover up the illegal bribes.

One of those gifts included a Mercedes-Benz convertible that Uribe says he bought for Nadine Menendez because her husband had been trying to use his influence to squash two criminal investigations into people close to him.


Former President Donald Trump arrived Monday morning at a federal courthouse in Florida for a closed hearing in his criminal case charging him with mishandling classified documents.

The hearing was scheduled to discuss the procedures for the handling of classified evidence in the case, which is currently set for trial on May 20. Trump faces dozens of felony counts accusing him of hoarding highly classified records at his Mar-a-Lago estate and obstructing FBI efforts to get them back.

U.S. District Judge Aileen Cannon expects to hear arguments in the morning from defense lawyers and in the afternoon from prosecutors, each outside of the other’s presence.

“Defense counsel shall be prepared to discuss their defense theories of the case, in detail, and how any classified information might be relevant or helpful to the defense,” Cannon wrote in scheduling the hearing.

Trump’s motorcade arrived at the courthouse in Fort Pierce shortly after 9 a.m.

The hearing is one of several voluntary court appearances that Trump has made in recent weeks — he was present, for instance, at appeals court arguments last month in Washington — as he looks to demonstrate to supporters that he intends to fight the four criminal prosecutions he faces while also seeking to reclaim the White House this November.


Thailand’s Constitutional Court is set to decide Wednesday whether popular politician Pita Limjaroenrat, who was blocked from becoming prime minister, should now lose his seat in Parliament.

The election victory last year by Pita’s progressive Move Forward party reflected a surprisingly strong mandate for change among Thai voters after nearly a decade of military-controlled government. But the party was denied power by members of the unelected and more conservative Senate.

Pita was suspended from his lawmaking duties pending the court ruling Wednesday on whether he violated election law due to his ownership of shares in ITV, a company that is the inactive operator of a defunct independent television station. By law, candidates are prohibited from owning shares in any media company when they are registered to contest an election.

The Senate, whose members are appointed by the military, cast votes to choose a prime minister, under a constitution that was adopted in 2017 under a military government. The Move Forward party now heads the opposition in Parliament.

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