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Trump advisors reportedly seeking a pardon for junk bond king' Milken
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Richard Kahn Jun 15, 2018 1:06 PM
Trump advisors reportedly seeking a pardon for 'junk bond king' Milken
Rudy Giuliani support the pardon for Milken.
Milken has a net worth of $3.7 billion, according to Forbes. The financier, who pioneered the market for high-yield bonds while at Drexel Burnham Lambert, was sentenced to 10 years in prison and permanently banned from the securities industry by the Securities and Exchange Commission. His prison term was reduced to two years.
The White House and a spokesperson for the Milken Institute did not immediately respond to requests for comment.
See the full Bloomberg News report here.