Danny Schechter - ColdType

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But he also prosecuted Richard Whitney.
Who, you may ask, was Richard Whitney? The Whitneys
arrived in North America in 1630. Richard went to Groton and
Harvard, he became a broker, and then went on to become
President of the New York Stock Exchange.
Alas, he had losses he could not cover. He turned to embezzlement.
Thomas Dewey convicted him and sent him to Sing-
Sing.
Dewey was also involved in the prosecution of Stephen
Paine, a partner in, and son of the founder of, Paine Weber.
Stephen had helped finance and facilitate the looting of six
investment trusts.
Rudy Giuliani, picked up where Dewey left off.
Giuliani headed up the biggest racketeer trial in history,
using RICO laws to go after the heads of all Five Families at
once.
But the prosecutions that made his reputation were against
financiers.
Ivan Boesky was, by title, an arbitrageur, someone who
makes money on the difference in the prices of the same item
in different markets. In actuality, he was more like a hedge
fund operator who invested large sums of money betting on
the market. In particular, on the big swings that came with
mergers and takeovers. He learned, early on, that it was easy
to bet wrong and if the bet was big enough, he could be ruined
by it, and nearly was. Boesky decided that he would rather
bet only when he was certain. That would only be profitable
if his certainty came before other people became certain. The
only way to do that was to cultivate individuals who could
give him inside information. Which Ivan did, and by the time
he was charged, he had made $200 million dollars. That was
back in the eighties, when a couple of hundred million was big
money.