John A. Mulheren
John A. Mulheren Jr. | |
|---|---|
| Born | Template:Birth date The Bronx, New York, U.S. |
| Died | December 15, 2003 (aged 54) |
| Occupation(s) | Entrepreneur, investor, benefactor |
| Known for | CEO of Bear Wagner Specialists; involvement in insider trading controversies |
John A. Mulheren Jr. (June 20, 1949 – December 15, 2003) was a notable American entrepreneur, investor, and benefactor.
Biography
Mulheren, a native of the Bronx, gained recognition on Wall Street during the 1980s by generating substantial wealth through stock and options trading. At just 25 years old, he attained the position of managing director at Merrill Lynch and subsequently became CEO of Bear Wagner Specialists, one of the seven specialist trading firms on the New York Stock Exchange. Additionally, he owned the Chapel Beach Club located in Sea Bright, New Jersey, along with Crazees Ice Cream in Rumson, New Jersey.
As a mentee of Ivan Boesky, Mulheren became involved in the insider trading controversies that emerged in the late 1980s and was convicted in 1990 on charges of fraud and conspiracy. However, the Second Circuit Court of Appeals reversed this conviction in 1991. His involvement in these incidents is thoroughly explored in James B. Stewart's book Den of Thieves.
A graduate of Roanoke College in 1971, Mulheren contributed millions to his alma mater, resulting in several campus buildings being named after his mentors. The college’s entrance bears the name "John's Bridge" as a tribute to him. His widow, Nancy, holds a position as a trustee of the college.
Battling bipolar disorder, Mulheren passed away from cardiac arrest triggered by a seizure at his residence on December 15, 2003. Bruce Springsteen, a close confidant, honored him by performing at his memorial service.