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Disgraced Wall Street trader who inspired Michael Douglas’s Gordon Gecko dies aged 87 [Video]

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Ivan Boesky, the 1980s financier who got nailed for insider trading and spawned the stereotype of the out-of-control Wall Street stock trader, has died at 87.

His death was confirmed by his daughter Marianne Boesky, who provided no further details as to the manner in which he died, the New York Times reported

Boesky’s brazenly illegal actions – which often involved handing over suitcases of cash in exchange for valuable stock tips – partly inspired the creation of breakout character Gordon Gekko in Oliver Stone’s hit movie ‘Wall Street.’

In 1986, Boesky’s decades-long run in the financial industry, fueled by hostile corporate takeovers and arbitrage trading, got him on the cover of Time Magazine. 

Also in 1986, it all came to an abrupt end when federal authorities coaxed the hundred-millionaire into signing a plea agreement admitting to his insider trading.

He was sentenced to three years in prison and …

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