File 031788
Email Regarding Trump Administration Efforts to Pardon Michael Milken (File 031788)
Email from Richard Kahn to Jeffrey Epstein forwarding a CNBC article about Trump advisors seeking a presidential pardon for Michael Milken, the convicted 'junk bond king' from the 1980s.
Summary
Richard Kahn sends Jeffrey Epstein a news article reporting that several Trump administration officials, including Anthony Scaramucci, Steven Mnuchin, Jared Kushner, and Rudy Giuliani, are advocating for President Trump to pardon Michael Milken. Milken, a prominent financier with a net worth of $3.7 billion, was previously convicted of securities fraud and sentenced to 10 years in prison (later reduced to 2 years) and permanently banned from the securities industry by the SEC. The article discusses Milken's historical role in pioneering the high-yield bond market at Drexel Burnham Lambert.
From: Richard Kahn_______________________________Sent: 6/15/2018 1:06:12 PMTo: Jeffrey Epstein [jeevacation@gmail.com]Subject: Trump advisors reportedly seeking a pardon for 'junk bond king' MilkenImportance: Highhttps://www.cnbc.com/2018/06/15/trump-advisors-reportedly-seeking-a-pardon-for-junk-bond-king-milken.htmlTrump advisors reportedly seeking apardon for 'junk bond king' MilkenTae Kim'74-14130r.Several of President Donald Trump's advisors are pushing him to pardon Michael Milken,Bloomberg News reported Friday.Michael Milken, 71, was known as the "junk bond king" in the 1980s and was convicted forsecurities fraud.Bloomberg said former White House communications director Anthony Scaramucci,Treasury Secretary Steven Mnuchin, senior advisor Jared Kushner and attorney RudyGiuliani support the pardon for Milken.Milken has a net worth of $3.7 billion, according to Forbes. The financier, who pioneeredthe market for high-yield bonds while at Drexel Burnham Lambert, was sentenced to 10years in prison and permanently banned from the securities industry by the Securities andExchange Commission. His prison term was reduced to two years.The White House and a spokesperson for the Milken Institute did not immediately respondto requests for comment.See the full Bloomberg News report here.Richard KahnHBRK Associates Inc.575 Lexington Avenue, 4th FloorNew York, NY 10022PhoneFaxCelHOUSE OVERSIGHT 031788