Ivan F. Boesky, Rogue Trader in 1980s Wall Street Scandal, Dies at 87

- Ivan F. Boesky, a central figure in the 1980s insider trading scandals, died at age 87 - Boesky made a fortune from insider trading before his downfall - His guilty plea led to the downfall of Drexel Burnham Lambert and Michael Milken - Boesky lived a lavish lifestyle with multiple homes and assets, valued at billions - He embraced greed, and his schemes contributed to the end of a decade of frenzied takeover activity - Boesky paid others for insider information, such as Martin Siegel, and used illegal methods to make millions - After being sentenced to prison in 1987, he later lived a quieter life in La Jolla - Boesky's downfall came abruptly, which he had predicted in a Washington Post interview in 1985