Saturday, June 23, 2018

Trump Considering a Pardon For Former 'Junk Bond King' Michael Milken

Former  "Junk Bond King: Michael Milken is being considered for a pardon by President Trump.

Kurt Nimmo reports:
 Trump insiders are pushing to pardon the junk bond king Michael Milken and reverse his conviction on securities fraud. The Milken pardon is being pushed by Goldman Sachs alumnus and current Treasury secretary Steven Mnuchin and Trump’s son-in-law, Jared Kushner.
Milken was indicted for racketeering and securities fraud in 1989 in an insider trading investigation. As the result of a plea bargain, he pleaded guilty to securities and reporting violations but not to racketeering or insider trading. Milken was sentenced to ten years in prison, fined $600 million, and permanently barred from the securities industry by the Securities and Exchange Commission. His sentence was later reduced to two years for cooperating with testimony against his former colleagues and for good behavior.

The charges against Milken were largely seen in the libertarian community as politically motivated by the establishment desire to stop Milken from encroaching.

Murray Rothbard wrote an article in 1989 that takes on greater meaning now:  Michael R. Milken vs. the Power Elite.



  1. Sorry, but pardoning Milken won't reverse his conviction. In applying for a pardon, you agree that you were wrong, violated the law, and that the government was right. Neither does a pardon remove the conviction from your record.

    A pardon, however, does restore your Second Amendment rights and I suppose removes the cloud that overhangs a person convicted of a felony. The pardon paperwork however indicates that on a job application, you'd still have to say that you were convicted of a felony.

    Years ago I was dragged through a federal trial and ended up being convicted of a felony on some white collar offense. I read the pardon paperwork when I got out. It seemed little to no chance of getting one. Now that Trump is in office, it appears the odds are a bit better.

  2. So Mnuchin and Kushner are trying to help this guy? I wonder if they all go to the same synagogue?