VERDICTS: Win Some, Lose Some

Win Some, Lose Some

For a man facing the possibility of 20 years behind bars, John Mulheren was remarkably philosophical. "You win some, you lose some," said the fallen Wall Street arbitrager last week after a Manhattan jury found him guilty on four felony counts of securities fraud and conspiracy. The seven-week trial of the former head of the Jamie Securities stock-trading firm was the latest featuring a former business associate of confessed insider trader Ivan Boesky -- and the first featuring public testimony by Boesky.

Under a relentless cross-examination, Boesky stuck to his story that Mulheren's firm bought 75,000 shares of Gulf & Western...

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