Junk-Bond King Mike Milken Wins Redemption With Trump Pardon
- Billionaires wanted President Trump to help the tarnished icon
- Milken won’t attempt to overturn a lifetime Wall Street ban
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David Bahnsen, who manages more than $2 billion, was enjoying a lunch of Dover sole at Michael’s in Midtown Manhattan on Tuesday when he got the news.
A text from a friend in Donald Trump’s administration told him the president was pardoning Michael Milken almost exactly 30 years after the junk-bond king pleaded guilty to securities fraud.