but what dennis levine did is what led to ivan boesky. >> ivan boesky has been fined the largest penaltystry. >> 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? >> recently, we called it success. people 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 of insider trading brought by new york's attorney rudolph giuliani. >> he had the aura of b

. >> ivan boesky was a crook. rmation. >> if we had capital punishment for white collar crimes, i would say he would be a prime candidate. >> ivan 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. >> he had the aura of being the best man in law enforcement to do it. >> if you do get caught, you are going to lose your liberty and go to prison. >> today, the market was off more than 40 points. this after it was learned that ivan boesky was talking, and then some. >> this is like arresting the madame of a brothel and finding her private book