March 19, 1987 |
Boyd L. Jefferies, the chairman and founder of the Los Angeles brokerage Jefferies & Co., resigned from the firm today and said he will plead guilty to two federal felonies, one of which is related to illegal stock transactions he executed with stock speculator Ivan F. Boesky. Jefferies, 56, also consented to a Securities and Exchange Commission action barring him from the securities industry for at least five years.
August 17, 1987 |
Boyd L. Jefferies is providing information to federal authorities in their continuing investigation of insider trading and other abuses in the high-stakes world of corporate takeovers. In a telephone interview with The Times last week, the former Los Angeles securities trader acknowledged that he is cooperating as part of his plea agreement with the U.S. Attorney's office in New York.
July 7, 1989 |
1986 Nov. 14: Stock speculator Ivan F. Boesky agrees to pay $100 million to settle charges of trading on insider information. He also agrees to cooperate with investigators and to plead guilty to a single, unspecified criminal charge. 1987 March 19: Boyd L. Jefferies, founder of the Los Angeles securities firm Jefferies & Co., agrees to plead guilty to two criminal charges involving securities law violations, including one deal involving Boesky. He is not accused of insider trading.
July 1, 1989 |
Boyd Jefferies, who has admitted breaking the law with Wall Street's once-powerful stock speculator Ivan Boesky, has told a federal judge he believed that he was "bending the rules" at the time. "I am certainly disgraced by my actions in 1984, 1985 and 1986," Jefferies told Judge Morris Lasker, according to a transcript of a pre-sentence hearing made available Friday. "I knew at the time I was bending the rules," Jefferies said in the hearing Thursday.
May 11, 1989 |
Former brokerage executive Boyd Jefferies said Wednesday that he illegally accumulated stock for corporate raider Paul Bilzerian, who wanted to conceal his stakes in various takeover targets. Jefferies, looking tanned and fit, testified at the trial of the 38-year-old Singer Co. chairman, who is charged with 11 counts of securities and tax fraud, conspiracy and making false statements to the government. If convicted, Bilzerian, a Tampa, Fla., investor, faces a maximum sentence of 55 years in prison and nearly $2.8 million in fines.
CALIFORNIA | LOCAL
August 24, 2001 |
Boyd L. Jefferies, the controversial founder of the Los Angeles brokerage firm Jefferies & Co., died Thursday near his home in Aspen, Colo., apparently of a heart attack, a spokesman for the company said. He was 70. Jefferies was one of the nation's most powerful traders of big blocks of stock and was a pivotal figure in the corporate raids of the early 1980s.