. >> dennis levine collected 12.5 million in profits, with advance knowledge of 54 take yoefrs, from an accomplice in the bahamas that bought stocks in the names of two dummy corporations set up in panama. >> it was the first time the sec nailed down insider trading by a big deal maker. somebody with a million dollar a year salary which apparently wasn't enough. >> insider trading could become wall street's watergate. >> plea bargains is now under way with dennis levine. they may develop a new list of suspects. >> we start the investigation. once his lawyer advised of the interest to cooperate, he would give information. to him it was another deal. >> i think the judge made clear he would give him a heavier sentence, except for the cooperation. >> dennis levine was one guy doing insider trading, that's not something that's new. what dennis levine did was lead to ivan boesky. >> they stunned wall street when they announced boesky has the biggest fine from stock trading and barred. >> he claimed what he would never do, use insider information to buy huge blocks of stock in companies se

. >> plea bargaining is now under way with dennis levine.ight be able to develop a list of new suspects. >> once his lawyer advised him it was in his interest to cooperate, he would give him the information. it was just another deal. >> i think the judge made it clear he would have given mr. levine a heavier sentence except for the cooperation. >> dennis levine was one guy doing insider trading. that's not something that was new. but what dennis levine did was lead to ivan boesky. >> they stunned wall street when it was announced that ivan boesky has been fined the largest penalty ever for insider trading and has been barred from the security industry. >> ivan boesky did something he said he would never do, use insider information to buy huge stock in other companies secretly involved in takeover deals. >> he was a crook. handing bags of money to people who would give him insider information. >> if we had a prison for people for white collar crimes, i would say he would be a candidate. >> there is no doubt that the man has become a symbol of

judge made it clear that he would have given a heavier sentence except for the cooperation. >> dennis levine that's not new. but what he did was lead to ivan boski. >> ivan boski has been skfined e largest penalty ever. >> 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. >> i van 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. >> i van 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 indictment was like the bombshell on wall street. what is do we call greed the day before an indictment is filed? >> recently, we called it success. people such as ivan were being hailed as heroes. >> many of america's small investors have been appalled. >> i think they should put them in jail. >> more than 48 cases of insider trading bought by rudolph giuliani

levin here. charles: charles here. harvey: 4:00 in the morning dennisoffice gives me a call and says i have a big story and i'm like dennis this better be big because i'm pissed off you woke me up. >> i believe the words were i hate you, dennis. charles: did you say that? harvey: i might have said that. >> it was a for sure. harvey: he is right. seriously, it is a serious horrific story and something that happened to calendar vienna harris -- calvin harris e. he could have died in a car accident and it was not his fault. he was touring up cold water canyon that