Michael Milken, who spent nearly two years in prison for securities-law violations, is pardoned by Trump
WASHINGTON— President Trump granted a pardon to financier Michael Milken, the onetime “junk bond king” who spent nearly two years in prison for securities-law violations, and commuted the sentence of Rod Blagojevich, a former Illinois governor who was midway through a 14-year sentence for multiple counts of corruption.
Mr. Milken served 22 months of a 10-year prison sentence after pleading guilty to several securities-law violations in 1990. He was barred from the securities industry for life and paid hundreds of millions...
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