biography
pronunciation:
[beskee]
| sex:
| male
|
| lived:
| (1937– )
|
| biography:
| Financier, born in Detroit, Michigan, USA. The son of a Russian immigrant, he studied law and worked as a tax accountant before moving into securities analysis, forming his own firm in 1975. Credited with (or blamed for) pioneering the junk-bond market, later a symbol of the excesses of the 1980s, he had become one of Wall Street's most successful arbitragers when he admitted to insider trading charges in 1986. Fined $100 million, he served time in prison before being given parole for good behaviour in 1990. |
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