Word: mulheren
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...loan scandal, saw his conviction reversed nearly five years after going to prison. And after the late-'80s insider-trading Wall Street sweep that, among other things, sent Michael Milken and Ivan Boesky to prison, a number of convictions were overturned, including that of onetime Boesky associate John Mulheren. "When you're more aggressive, you're going to wind up with more losses," says Peter Henning, a law professor at Wayne State University...
...short time later, of course, Campeau's empire collapsed -- but this is my point! Campeau went bust; Trump's on a leash; the guy who rented the QE 2 for his son's bar mitzvah sank; Boesky, who arrived at that bar mitzvah in mid-cruise via friend John Mulheren's helicopter, went to jail; so did Mulheren, briefly (but not before setting out with an assault rifle to kill Boesky); the S&L boys are in the soup; major insurers are having their ratings lowered; M&A star Bruce Wasserstein looks a little silly -- and you mean to tell...
...facing the possibility of 20 years behind bars, John Mulheren was remarkably philosophical. "You win some, you lose some," said the fallen Wall Street arbitrager last week after a Manhattan jury found him guilty on four felony counts of securities fraud and conspiracy. The seven-week trial of the former head of the Jamie Securities stock-trading firm was the latest featuring a former business associate of confessed insider trader Ivan Boesky -- and the first featuring public testimony by Boesky...
Under a relentless cross-examination, Boesky stuck to his story that Mulheren's firm bought 75,000 shares of Gulf & Western to drive up the stock's value and enable Boesky to sell his own shares back to Gulf & Western at a handsome profit. Mulheren, whose attire throughout the trial ran toward aggressively casual sport shirts, jeans and sockless shoes, denied any wrongdoing, but the jury believed Boesky...
Whatever his business faults, Mulheren's personal life was in most ways exemplary before his arrest. He was close to his wife Nancy and their five adopted children, and donated at least $2.5 million to Roanoke College, his alma mater. Above all, he was loyal to family and friends, including Boesky. Mulheren gave generously to Boesky's favorite charities and helped bail out the speculator when he ran into financial trouble in 1982. Mulheren may have been feeling totally betrayed when he apparently gave in to rage and desperation...