How they did it... 1986 Insider Trading Scandal

Published: June 7, 2021, 10:30 a.m.

b'Something I\\u2019ve said time and time again on the podcast, is that risk management \\u2013 as a discipline \\u2013 it\\u2019s agnostic.

As a discipline which \\u2013 at its core \\u2013 is all about how we entreat with the unknown \\u2013 both with opportunity and/or threat in mind. Risk management doesn\\u2019t discriminate. It doesn\\u2019t have a moral compass. Anyone can make use of it. For the purposes of good. And for the purposes of the not so good.

And that\\u2019s where Ivan Boesky and the 1986 Insider Trading Scandal comes in. Ivan exploited the opportunity side of the risk coin, as a way to make money. And while \\u2013 as you will find out in this episode \\u2013 Ivan paid an incredibly heavy price for his opportunity chasing.

The story of Ivan Boesky is a story of our discipline \\u2013 our tools, our techniques, our capabilities \\u2013 being used in ways perhaps not intended.

But nevertheless, reflective of risk management being a game anyone can play.

The Risktory Podcast is created, written, hosted and produced by Jacinthe A Galpin.

All rights reserved.

Bibliography
https://www.businessinsider.com/meet-ivan-boesky-the-infamous-wall-streeter-who-inspired-gordon-gecko-2012-7
https://www.nytimes.com/1987/12/19/business/boesky-sentenced-to-3-years-in-jail-in-insider-scandal.html
https://www.cnbc.com/2020/11/28/who-is-ivan-boesky.html
https://en.wikipedia.org/wiki/Ivan_Boesky
https://sites.psu.edu/callmevij/2018/10/25/the-great-insider-trading-scam-of-1986/'