but what dennis levine did was lead to ivan boesky.sky has been fined the largest penalty ever for insider stock trading, and he has been barred now from the securities industry. monsees: boesky did what he publicly claimed he would never do -- use insider information to buy huge blocks of stock in companies secretly involved in takeover deals. ivan boesky was an out-and-out crook, handing bags of cash to people who would give him inside information. if we had capital punishment for white-collar crimes, i'd say he'd be a prime candidate. stourton: ivan boesky arrived in court to hear himself described as a man whose arrogance has been stripped away. there's no doubt that the man has become a symbol of what's wrong with wall street. the news of the boesky indictment was like the bombshell of the decade 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've called it success -- that some of the people who have now turned out to have been engaged in criminal activity,

. - in 1986-- i remember this vividly-- dennis levine got arrested. - the biggest insider trading dealard of, dennis levine, made millions trading on insider information. - i realized that i've committed very serious crimes, which i'm very sorry. and it was a very painful lesson to learn. - that was the beginning of this giant scandal that giuliani was able to pursue and capitalize on and get a lot of publicity for. it really went to the heart of this, you know, moneymaking machine on wall street. - wall street has been hit by yet another insider trading scandal. - the merger and acquisition boom. - it's ten years behind bars for one of america's richest men. - the rise of the junk bond world. - the once omnipotent wall street king was left staggering off his throne. - the raiders, the hostile takeovers. - once one of wall street's mightiest, ivan boesky appeared for sentencing, in the judge's words, humiliated, vilified, and cut down to size. - and all of that was entwined with what was a deeply corrupt system. - you find for me in the law where the united states congress has distingu

sonali: denny step down in 2016 and we see a feud between danny out and jimmy live levin they had a closebefore. and a lot of things have broken down. once the original management team left when sculptors started to perform worse more recently they had more significant outflows recently there was a bid bet danny och came in and say we been talking to people who might want to buy the company. fast forward have a sale from rhythm. and one of the original things that danny had said is that he wanted the original management to not stay at lace as a transaction was had -- place as a transaction was had. this stock was trading at more than $20 a share. this gets very personal and the letter that danny och put out yesterday with the pay package bet they disputed and took legal action against, it was $20 a share and then it dropped to eight dollars at the low this year. $11 a share price that you are getting from rithm is not meeting the expectations that he was paid for a couple years ago. it is gotten very ugly and they are disputing the stance today. it is one of the most public and longest ru