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Michael Milken
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    (July 4, 1946- )
    Born in Encino, California
    Former bond trader for Drexel Burnham Lambert
    Known as the 'Junk Bond King' of 1980s Wall Street
    Pled guilty to six felony securities and reporting violations (1990)
    Served 22 months in prison (1991-93)
    Worth $2.1 billion in 2007
    He 'earned' a $550 million bonus (1986) mainly because he was in charge of distributing the $700 million bonus pool for his office.
    After being indicted on 98 counts, he launched a PR campaign that included hanging out a lot with Michael Jackson.
    He paid $47 million in fees for violating the SEC order banning him from the securities industry (1998).
    He only pled guilty to the six charges after Rudy Giuliani threatened to indict his brother Lowell for racketeering.
    Forbes and the Guardian both called him a 'scapegoat' for the insider trading scandal.
    He funded several medical charities, including the Milken Family Foundation, the Prostate Cancer Foundation and FasterCures.

Credit: C. Fishel

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