NATION : Boesky to Bide Time on Parole Bid
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NEW YORK — Ivan Boesky, the imprisoned speculator at the center of Wall Street’s insider trading scandal, will not apply for parole from his three-year term at a prison camp in Lompoc when he becomes eligible next month, his attorney said today.
Sources said lawyers are waiting to see whether disgraced high-yield bond financier Michael Milken of Drexel Burnham Lambert Inc. is indicted in a case based on information supplied by Boesky before seeking early release.
Washington attorney Robert McCaw said Boesky “will seek a parole hearing at the point where his advisers think it is most likely he would get some kind of favorable consideration.”
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