PERSONAL FINANCE: $412,000 Hole In His Pocket

$412,000 Hole In His Pocket

He spent $30,000 for baby-sitters, but even to a man with such a budget, $412,000 is not peanuts. That is the amount of money unaccounted for in a court report on the finances of Dennis Levine, the former Wall Street investment banker who pleaded guilty to an insider-trading scheme that netted him $12.6 million in illegal profits.

Currently serving a two-year term in the federal penitentiary at Lewisburg, Pa., Levine detailed for the court a spending spree that lasted from 1980 until his arrest last year. He paid $450,000 to renovate his eight-room Park Avenue apartment and bought his wife a...

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