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Michael Milken's claim to fame
Knicknamed The Junk Bond King he worked at Drexal Burnham Lambert and helped fuel the mergers & acquisitions mania of the 1980s using high yield junk bonds. Where are they now?
That sentence was reduced to 2 years plus 3 years probation in 1991 and he was barred from trading in securities for life. He worked as a "strategic business consultant" after his release which the SEC deemed to be a violation of his parole. He settled with them in 1998, paying $42 million in fees he had earned.
Related Media
The Softer Side of Michael Milken videoReferences
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