Cornering Rajaratnam Rekindles Dennis Levine Taking Down Drexel
Monday, January 4, 2010 : PermalinkBusinessWeek – Days after he was arrested in an insider-trading probe in 1986, investment banker Dennis Levine sequestered himself at his lawyer’s New York office to read the government’s evidence. As he finished, he gazed out a window some 30 floors up, silently urging himself to open it and jump. He didn’t.
Instead, as recounted in his 1991 memoir, Levine came clean. He turned on his co-conspirators and cooperated with prosecutors, helping them build their case against arbitrager Ivan Boesky, who in turn led them to junk bond pioneer Michael Milken.
