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Subscribe to this list via RSS Blog posts tagged in security fraud
Michael Buchanan
Posted by Michael Buchanan
Sun, 20 November 2011
in Today In Crime History

November 21, 1990, Michael Milken Sentenced To 10 Years For Security Law Violations, Today In Crime History

On this date, November 21, in the year 1990, Michael Milken, who was know as the “Junk Bond King”, was sentenced to ten year in prison for financial and security fraud violations.  His critics portrayed  him as the epitome of Wall Street greed during the 1980s.  Milken's compensation, while head of the high-yield bond department at Drexel Burnham Lambert in the late 1980s, exceeded $1 billion in a four-year period, a new record for US income at that time.

Tagged in: financial fraud security fraud
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