He had passed $100 million to the American Ivan Boesky to invest shortly before Boesky's prosecution and imprisonment for insider trading, and following that investigation Saunders' plans were revealed to the DTI in Britain.
These writings led to the publishing of his best-selling work of non-fiction called Den of Thieves that recounted the criminal conduct of Wall Street arbitrager Ivan Boesky and junk bond king, Michael Milken.
Martin A. Siegel (born 1948) is a former respected investment banker who became embroiled in the insider trading scandals of the 1980s, alongside Ivan Boesky and Michael Milken.
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