Trump Pardons Wall Street Scammer Michael Milken

The Los Angeles Times reports:

In a tearful admission of guilt in a Manhattan federal courtroom, Milken pleaded in April 1990 to counts of conspiracy; aiding and abetting failure to meet federal securities disclosure regulations; securities fraud; aiding and abetting a regulated broker-dealer to violate securities reporting requirements; mail fraud, and assisting in filing a false tax return.

Milken was given a 10-year sentence, fined $200 million and required to pay $400 million in restitution. He later settled lawsuits for an additional $500 million.

He served 22 months at a minimum-security prison dubbed “Club Fed” in Dublin, Calif., and was released after testifying against a former colleague. He also was banned for life from the securities industry.