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The Junk Bond King is Free, granted Full Presidential Pardon. What did Michael Milken Actually do?

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Trump pardons former 'junk bond king' Michael Milken President Donald Trump has issued a pardon of Michael Milken, the former junk bond king who became the face of the financial scandals of the 1980s.
Trump pardons former 'junk bond king' Michael Milken President Donald Trump has issued a pardon of Michael Milken, the former junk bond king who became the face of the financial scandals of the 1980s.
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Milken paid $200M in fines, plus a SEC settlement paying $400M to investors who had been hurt by his actions,and accepted a lifetime ban from the securities industry.  At Milken's sentencing, Judge Kimba Wood told him: You were willing to commit only crimes that were unlikely to be detected. When a man of your power in the financial world repeatedly conspires to violate, and violates, securities and tax business in order to achieve more power and wealth for himself, a significant prison term is required.”  Milken's sentence was reduced to 2 years from 10; he served 22 months.

In June 2018, Rudy Giuliani, the onetime federal prosecutor whose criminal investigation led to Milken's conviction, were urging the president to pardon Milken. His attempts to secure a presidential pardon have spanned multiple administrations.

On February 18, 2020, Donald Trump granted Milken clemency.

Read the rest of the story HERE:

At www.foxbusiness.com

 

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Early in the 2016 Primary campaign, I started a Facebook group: Bernie Sanders: Advice and Strategies to Help Him Win! As the primary season advanced, we shifted the focus to advancing Bernie's legislation in the Senate, particularly the most (more...)
 

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