Giuliani, Rudolph (1944–)

AS A YOUNG U.S. attorney in Manhattan, New York City, Rudy Giuliani was considered hard-hitting and on his way to greater things. In 1986, Giuliani became the U.S. attorney for the southern district of New York. Giuliani decided that his mission in life was to go after white-collar criminals on Wall Street in a crackdown unlike any the financial center had ever seen. While the insider-trading probe was already in progress when Giuliani came on board, he became its motivating force.

His first target was Michael Milken and his junk bond kingdom, Drexel Burnham Lambert (DBL). Giuliani's first arrest came in May 1986 with the apprehension of DBL investment broker Dennis Levine. Giuliani then went after Ivan Boesky who admitted he had used inside information provided[Page ...