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Michael Milken
Michael Milken Net Worth is $2.1 Billion. Michael Milken is a California-born businessman and convicted felon with an estimated net worth of $2 billion dollars. Michael Milkenis most widely known for his role in the creation of junk bonds and was in. Michael Robert Milken (born ...

Michael Milken Net Worth is $2.1 Billion.

Michael Milken Net Worth is $2.1 Billion. Michael Milken is a California-born businessman and convicted felon with an estimated net worth of $2 billion dollars. Michael Milkenis most widely known for his role in the creation of junk bonds and was in Michael Robert Milken is an American business magnate, financier, and philanthropist noted for his role in the development of the market for high-yield bonds during the 1970s and 1980s, for his 1990 guilty plea to felony charges for violating US securities laws, and for his funding of medical research.
Milken was indicted on 98 counts of racketeering and securities fraud in 1989 as the result of an insider trading investigation. After a plea bargain, he pled guilty to six securities and reporting violations but was never convicted of racketeering or insider trading. Milken was sentenced to ten years in prison and permanently barred from the securities industry by the Securities and Exchange Commission. After the presiding judge reduced his sentence for cooperating with testimony against his former colleagues and good behavior, he was released after less than two years.
His critics cited him as the epitome of Wall Street greed during th...
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Michael Milken Latest News

Leapfrog: A Strong Recovery Possible?

The captain of the ship is drunk. Drunk with power, that is. Also, it just so happens that the company's largest shareholders, Michael Milken, Lowell Milken and Sandra Milken, owe as much as 39.9% of the board's voting power. Michael Milken happens to have ...
Posted: August 20, 2015, 5:09 pm

Natalie Cole late to charity gala

Music producer David Foster introduced Natalie Cole to the stage at Michael Milken’s Prostate Cancer Foundation gala in the Hamptons Saturday night. Only problem was, Cole and her band had not arrived at the Parrish Art Museum. Foster riffed till Cole ...
Posted: August 31, 2015, 9:08 pm

Don't panic! Context is key to understanding latest market mayhem

In between, there have been one-day events (the flash crash), sector events (a meltdown in biotech stocks here and there; a rogue trading scandal in the metals industry), and other dramas (the blowup of Michael Milken’s junk bond empire, for instance).
Posted: August 27, 2015, 6:58 am

7 takeaways from Vanity Fair's 1990 Profile of Donald Trump

6. The Trump empire was built, in large part, on the largesse of reckless banks. Like Michael Milken, Trump began to believe that his inordinate skills could be translated into any business. He started to expand out of the familiar world of real estate ...
Posted: August 29, 2015, 5:46 pm

Setting Up for a Weekend of Tennis and Trivia

WATER MILL, N. Y.—Michael Milken clearly likes to play games. Tennis and trivia are high on his list of those games. To entertain Saturday night’s crowd at the big gala he hosted in support of the Prostate Cancer Foundation, he had lots of acts.
Posted: August 31, 2015, 8:14 pm
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