Editing Rudy Giuliani (section)

====Boesky and Milken trials====
[[Ivan Boesky]], a Wall Street [[arbitrage]]ur who had amassed a fortune of about $200{{spaces}}million by betting on corporate takeovers, was originally investigated by the [[U.S. Securities and Exchange Commission]] (SEC) for making investments based on tips received from corporate insiders, leading the way for the US Attorney's Office of the Southern District of New York to investigate as well. These stock and options acquisitions were sometimes brazen, with massive purchases occurring only a few days before a corporation announced a takeover. Although insider trading of this kind was illegal, laws prohibiting it were rarely enforced until Boesky was prosecuted. Boesky cooperated with the SEC and informed on several others, including junk bond trader [[Michael Milken]]. Per agreement with Giuliani, Boesky received a {{frac|3|1|2}}-year prison sentence along with a $100{{spaces}}million fine.<ref>{{cite web |url=http://www.buyandhold.com/bh/en/education/history/2000/boesky.html |title=Ivan Boesky |last=Trumbore |first=Brian |publisher=BUYandHOLD |access-date=November 15, 2006 |url-status=dead |archive-url=https://web.archive.org/web/20061111092843/http://buyandhold.com/bh/en/education/history/2000/boesky.html |archive-date=November 11, 2006}}</ref> In 1989, Giuliani charged Milken under the RICO Act with 98 counts of racketeering and fraud. In a highly publicized case, Milken was indicted by a grand jury on these charges.<ref>{{cite news |last=Labaton |first=Stephen |url=https://www.nytimes.com/1989/03/30/business/junk-bond-leader-is-indicted-by-us-in-criminal-action.html |title='Junk Bond' Leader Is Indicted by U.s. in Criminal Action |newspaper=The New York Times |date=March 30, 1989 |access-date=August 3, 2015 |archive-date=September 21, 2015 |archive-url=https://web.archive.org/web/20150921194702/http://www.nytimes.com/1989/03/30/business/junk-bond-leader-is-indicted-by-us-in-criminal-action.html |url-status=live }}</ref>