but what dennis levine did is what led to ivan boesky. >> ivan boesky has been fined the largest penaltyarred from the industry. >> he did what he claimed he would ever do, use insider information to buy huge blocks of stock in companies secretly involved in takeover deals. >> ivan boesky was a crook. handing bags of cash to people who would give him inside information. >> if we had capital punishment for white collar crimes, i would say he would be a prime candidate. >> ivan boesky arrived in court to hear himself described as a man whose arrogance has been stripped away. there's no doubt he's become a symbol of what's wrong with wall street. >> the news of the boesky indictment was like the bombshell on wall street. >> what do we call greed the day before an indictment is filed? if you get my meaning? >> i'm afraid recently we call it success. people who have been engaged in such activity, such as ivan boesky, were being hailed as heroes at the peak of their careers. >> many of america's small investors have been appalled. >> i think they should put them in jail. >> more than 48 cases