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From: jeffrey E. [jeevacation@gmail.com]
Sent: 6/15/2018 1:26:04 PM
To: Richard Kahn_________________________________
Subject: Re: Trump advisors reportedly seeking a pardon for 'junk bond king' Milken
Importance: High
Did we get bank appraisal ayh
On Fri, Jun 15, 2018 at 9:06 AM Richard Kahn <
> wrote:
https://www.cnbc.com/2018/06/15/trump-advisors-reportedly-seeking-a-pardon-for-junk-bond-king-
milken.html
Trump advisors reportedly seeking a
pardon for 'junk bond king' Milken
Tae Kim
Several of President Donald Trump's advisors are pushing him to pardon Michael Milken,
Bloomberg News reported Friday.
Michael Milken, 71, was known as the "junk bond king" in the 1980s and was convicted for
securities fraud.
Bloomberg said former White House communications director Anthony Scaramucci,
Treasury Secretary Steven Mnuchin, senior advisor Jared Kushner and attorney 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.
Richard Kahn
HBRK Associates Inc.
575 Lexington Avenue, 4th Floor
New York, NY 10022
Phone
HOUSE OVERSIGHT 031796
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