Page "Dennis Levine" Paragraph 11

Subsequently, Levine directly implicated powerful arbitrageur Ivan Boesky, and information from the Boesky case also implicated another prominent player in the mergers and acquisitions circle, Martin Siegel.

Both Boesky and Siegel subsequently pleaded guilty.

Due in part to this cooperation, federal judge Gerald Goettel imposed a lenient sentence of two years in prison and a $ 362, 000 fine.

However, since Levine had been stripped of nearly all of his liquid assets by the SEC and IRS, Goettel did not " commit " the fines, meaning that he would not be held in contempt of court if he left prison without paying them.

At sentencing, Goettel said that Levine had helped expose " a nest of vipers on Wall Street.