Trump pardons Michael Milken, face of 1980s insider trading scandals

President Donald Trump issued a pardon Tuesday to Michael Milken, the former junk bond king who was a face of the insider trading scandals of the 1980s. Trump, in announcing the pardon, cited the “incredible job” that Milken has done supporting cancer research since pleading guilty in 1990 to racketeering and securities fraud charges. “He’s done this and he suffered greatly,” Trump said. “He paid a big price; paid a very tough price.” Milken, 73, originally was sentenced to 10 years in prison ...