87-year-old Ivan Boesky, Wall Street insider trading convict and hedge fund founder, passed away.

87-year-old Ivan Boesky, a former Wall Street stock trader and infamous insider trading convict, passed away. Boesky was convicted in the 1980s for engaging in insider trading practices, leading to the collapse of his once-successful hedge fund. His conviction and subsequent legal repercussions sparked a significant increase in regulations surrounding insider trading in the United States.