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A 1998 New York Times article reporting on the government's case against Boesky explained how Boesky (in the same manner as Michael A. Davis with RSF) used others to conceal the true extent of his stock holdings in companies
"People familiar with the case said yesterday that the investigation was tied to a case last year in which Michael Davidoff, former head trader at Seemala, pleaded guilty to securities fraud. In his plea, Mr. Davidoff said he had reached a ''secret agreement'' with officials at Seligmann Harris to ''park'' stocks. Stock parking involves secretly transferring securities to another entity to evade restrictions on holdings."
A 1997 Washington Post article provided further details on the scheme and the illegal practice of "parking":
"Stock parking is a technique used to conceal ownership of shares. By parking -- or placing shares with others -- Davidoff helped Boesky conceal that he was buying stock."
As a result of his illegal activities, Boesky received a prison sentence of 3 1⁄2 years and was fined $100 million. Boesky was permanently barred from working in securities. The full story was detailed in James B. Stewart's book Den of Thieves. Click on image below for more information: