The Los Angeles billionaire was pardoned by President Trump on Tuesday.
Get up to speed with our Essential California newsletter, sent six days a week.On Tuesday, President Trump granted billionaire Michael Milken one of the few things money can’t buy: a presidential pardon.in the Los Angeles Times]
At the apex of his power, Milken earned $550 million in a single year. That was more than four times theof the Securities and Exchange Commission — the agency whose far-reaching investigation would soon topple Milken’s position at the top of the financial world, and ultimately land him in a prison cell.
Which brings us to that fall. In March 1989, Milken was indicted on 98 counts of racketeering and securities fraud. The indictment accused him of a prolonged pattern of insider trading, stock market manipulation and defrauding clients. Milken pleaded guilty to six felonies in 1990 and was sentenced to 10 years in prison. He served a little less than two, and then embarked on one of the great image rehabilitation campaigns of our time.in the Los Angeles Times]
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump Commutes Corruption Sentence of Ex-Illinois Governor Rod BlagojevichDonald Trump commuted the sentence of former Illinois governor Rod Blagojevich, who was caught trying to sell Barack Obama's senate seat. He also pardoned disgraced financier Michael Milken
Read more »
Trump Goes on Pardoning Spree for Rich Friends and Apprentice Contestants Convicted of FraudRod Blagojevich, Bernie Kerik, Michael Milken— the gang’s all here!
Read more »
Innovation that prioritises value rather than profitBottom line results are essential to any long-standing successful business, but ...
Read more »
3 Traits That Differentiate Highly Likable Leaders From The Rest3 traits that differentiate highly likable leaders from the rest
Read more »
3 Traits That Differentiate Highly Likable Leaders From The RestBeing likable is absolutely essential to your long-term success.
Read more »