Ivan Frederick Boesky is an American

United States

The United States of America is a federal constitutional republic comprising fifty states and a federal district...

 stock trader

Stock trader

A stock trader or a stock investor is an individual or firm who buys and sells stocks in the financial markets. Many stock traders will trade bonds as well...

 who is notable for his prominent role in a Wall Street

Wall Street

Wall Street refers to the financial district of New York City, named after and centered on the eight-block-long street running from Broadway to South Street on the East River in Lower Manhattan. Over time, the term has become a metonym for the financial markets of the United States as a whole, or...

 insider trading

Insider trading

Insider trading is the trading of a corporation's stock or other securities by individuals with potential access to non-public information about the company...

 scandal that occurred in the United States

United States

The United States of America is a federal constitutional republic comprising fifty states and a federal district...

 in the mid-1980s.
Boesky was born in Detroit, Michigan

Detroit, Michigan

Detroit is the major city among the primary cultural, financial, and transportation centers in the Metro Detroit area, a region of 5.2 million people. As the seat of Wayne County, the city of Detroit is the largest city in the U.S. state of Michigan and serves as a major port on the Detroit River...

, to a Jewish family. He attended the Cranbrook Kingswood School in Bloomfield Hills before graduating from Detroit's Mumford High School

Mumford High School (Michigan)

Located on Detroit's near-northwest side, Samuel C. Mumford High School is operated by the Detroit Board of Education; the school's namesake served twenty-two years on the Board and was a former president of the organization...

. He then took courses at Wayne State University

Wayne State University

Wayne State University is a public research university located in Detroit, Michigan, United States, in the city's Midtown Cultural Center Historic District. Founded in 1868, WSU consists of 13 schools and colleges offering more than 400 major subject areas to over 32,000 graduate and...

, Eastern Michigan University

Eastern Michigan University

Eastern Michigan University is a comprehensive, co-educational public university located in Ypsilanti, Michigan. Ypsilanti is west of Detroit and eight miles east of Ann Arbor. The university was founded in 1849 as Michigan State Normal School...

 and the University of Michigan

University of Michigan

The University of Michigan is a public research university located in Ann Arbor, Michigan in the United States. It is the state's oldest university and the flagship campus of the University of Michigan...

. He was admitted to Detroit College of Law (now Michigan State University College of Law) despite lacking an undergraduate degree and graduated in 1965.