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 fined the 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