Article: Ex-Shearson Exec To Plead Guilty in Stock-Loan Investigation

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Ex-Shearson Exec To Plead Guilty in Stock-Loan Investigation

Stefan Fatsis

Associated Press, 7 September 1989

The expected guilty plea by Dennis T. Palmeri, Shearson’s former executive vice president in charge of stock loans, would be the first action following more than a year of examination by federal prosecutors.

The case also is said to be derived from information from jailed speculator Ivan F. Boesky, a major source of evidence for Wall Street securities investigations since he was ensnared in an insider trading probe in 1986.

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