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Economy: Insider Trading / Drexel Burnham Lambert #113499

ABC Evening News for Wednesday, Dec 21, 1988
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(Studio: Peter Jennings) Report introduced.

(DC: Stephen Aug) Announcement that Wall Street firm of Drexel Burnham Lambert will plead guilty to securities fraud in insider trading case reported; details given of collaboration of Ivan Boesky with federal officials. [Drexel chief executive Fred JOSEPH - says court battle would have been costly to company] Explanation of agreement by United States attorney Rudolph Giuliani given. SEC accusations against Drexel recalled. Issue of future of founder of firm's junk bond business, Michael Milken, noted.

Reporter(s):
Aug, Stephen;
Jennings, Peter
Duration:
00:01:50

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