Boesky Gets a Haircut, Moves to Halfway House in Brooklyn

Wall Street inside trader Ivan F. Boesky is out of prison and serving the last part of his three-year sentence on the outside as a resident of a halfway house.

Boesky reported to the Brooklyn Community Corrections Center on Wednesday.

Boesky was sentenced Dec. 18, 1987, and has served his sentence at the minimum security prison at Lompoc, Calif. The former Wall Streeter was scheduled for release April 4, 1990.

Boesky has shed the shaggy beard and long hair he was spotted sporting last month on a furlough in Connecticut. His beard and hair had been trimmed when he was seen returning to the halfway house in a rented auto just before the 6 p.m. deadline.

If Boesky finds work, his curfew stretches to 9 p.m., and he will be eligible for a weekend pass. The once-powerful stock speculator, who agreed to pay $100 million in penalties to the Securities and Exchange Commission to settle civil charges, would have to turn over 25% of his earnings to the halfway house.