MICHAEL MILKEN
An executive at Drexel Burnham Lambert Inc., an investment bank. During his stay in the bank, he founded high-yield debt market or junk bonds for corporate financing, and mergers and acquisitions. This results to an enormous popularity but in 1989, he was charged for 98 counts of racketeering and fraud by a federal grand jury. He spend almost two years in prison after pleading guilty to these charges. Also called "Junk Bond King", he was banned from the securities industry for life.
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