INVESTIGATIONS: We Never Did Trust the Guy
The investment firm Drexel Burnham Lambert has been pictured in an SEC indictment as Ivan Boesky's partner in securities fraud. But the company may have been one of the convicted arbitrager's victims as well. The London Stock Exchange is looking into accusations that Boesky used his network of partnerships to hide from Drexel the size, and thus the potential risk, of stock purchases he made with money he borrowed from the firm. Far from feeling duped, Drexel officials welcomed the probe. Since Boesky is the prime witness against the firm, his alleged backstabbing may erode his credibility. Drexel officials insist they never knew about Boesky's illicit schemes.
Most Popular »
- The Growing Backlash Against Overparenting
- Super-Crocodiles May Have Dined on Dinosaurs
- Woman Loses Benefits over Facebook Photo
- Amid Concern About India's Lost Clout, Singh Goes to Washington
- Toilets
- Will Private Equity Be the Next Meltdown?
- The Fall of Greg Craig, Obama's Top Lawyer
- Why Exercise Won't Make You Thin
- The Political Fallout of Egypt's Soccer War
- Can the A380 Bring the Party Back to the Skies?
- The Growing Backlash Against Overparenting
- Will Private Equity Be the Next Meltdown?
- Super-Crocodiles May Have Dined on Dinosaurs
- Toilets
- Why Exercise Won't Make You Thin
- Can the A380 Bring the Party Back to the Skies?
- The Fall of Greg Craig, Obama's Top Lawyer
- Troubling Rise of Facebook's Top Game Company
- Female Sexual Dysfunction: Myth or Malady?
- How One Army Town Copes With Post- Traumatic Stress
Quotes of the Day »
ROLF-DIETER HEUER, CERN director general, after the Large Hadron Collider smashed proton beams together for the first time on Tuesday, a step toward experiments about the makeup of the universe






RSS