Martin Siegel
Martin A. Siegel was a principal architect of takeover strategies at two of Wall Street's most powerful firms, Kidder, Peabody & Co. and Drexel Burnham Lambert. Once a respected investment banker, Siegel’s reputation was forever tainted when he pleaded guilty to criminal charges of insider trading. He was given two months of jail time and five years of probation with no fine for his cooperation of having a clearer picture of how Ivan Boesky’s operation worked.
Martin Siegel was fined $9 million in 1987 and sentenced to two months in prison. The surprisingly light prison sentence, handed down by U.S. District Judge Robert Ward, was explained as compensation for his “cooperation, contrition and candor.”