ANNOUNCER: Bringing you the world for 20 years, this is CNN.</s>STEVE YOUNG, CNN CORRESPONDENT: Ivan Boesky was sentenced in federal court in lower Manhattan. He, was said at the time, may have corrupted, some people thought, an entire generation of Wall Street traders. He, it turned out because of evidence, had inside information about pending deals, deals mainly being cooked up by Drexel Burnham Lambert, which was a powerhouse brokerage at the time, doesn't even exist now. And that's how Boesky made a huge amount of money. Also, as part of this sentencing arrangement, he gave back $100 million.</s>LEON SILVERMAN, BOESKY'S ATTORNEY: Mr. Boesky accepts the court's decision. He now must pick up the remnants and try to get on with the business of living a constructive and useful life.</s>YOUNG: Boesky served two-years term in a minimum correctional facility. And he also did community service. He really has become an obscure figure. He, of course, is barred from the securities business for the rest of his life.
CNN 20: Ivan Boesky is Sentenced, December 19, 1987