Martin A. Siegel
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.
Biography
Born to a Jewish family,[1] Siegel is a graduate of Harvard Business School.[2] In 1971, he joined Kidder, Peabody & Co. and during his 15 years at the firm became known as a takeover specialist.[3] In February 1986 he left Kidder and became a managing director at Drexel Burnham Lambert.[4]
On February 13, 1987, Siegel pleaded guilty to one count of conspiracy to violate the securities laws and one count of tax evasion.[5] His guilty plea included an agreement to pay over US$9 million in civil penalties.[6] He eventually received a sentence of two months imprisonment and five years probation. The light sentence being due to his cooperation with other government investigations.[7] His involvement in criminal activities is recounted in the book Den of Thieves by Pulitzer Prize winning author James B. Stewart.
References
- ↑ Fechter, Melvin Through the Eye of a Jew - Volume II September 20, 2013
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External links
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