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Article: Jury Convicts Former Trader; Boesky Testimony Helps Government's Case Against John Mulheren
- Article from:
- The Washington Post
- Article date:
- July 11, 1990
- Author:
CopyrightThis material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post. (Hide copyright information)
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Former Wall Street trader John A. Mulheren Jr. was convicted
today of conspiring to manipulate the price of Gulf & Western Inc.
stock, making him the first person to be convicted based on the
weight of courtroom testimony by notorious stock trader Ivan F.
Boesky.
However, after seven days of deliberations, a federal jury was
deadlocked and still deliberating on 26 other counts of securities
and mail fraud and record-keeping violations. Those counts relate to
the charge that Mulheren secretly held large blocks of other stocks
to help Boesky evade taxes and federal securities disclosure laws.
As the verdict was read in U.S. District Court, Mulheren stared
ahead impassively, while his ...