File 031796
Email Chain Regarding Trump Administration's Pardon Efforts for Michael Milken (File 031796)
Email correspondence discussing Trump advisors' efforts to secure a presidential pardon for Michael Milken, the former 'junk bond king' convicted of securities fraud, including discussion of key administration figures supporting the effort.
Summary
Jeffrey E. forwards a CNBC article to Richard Kahn discussing Trump administration efforts to pardon Michael Milken, the 'junk bond king' convicted of securities fraud in the 1980s. The article notes that multiple Trump advisors including Anthony Scaramucci, Steven Mnuchin, Jared Kushner, and Rudy Giuliani are pushing for the pardon. Milken, with a net worth of $3.7 billion, was originally sentenced to 10 years in prison but had his term reduced to 2 years and was permanently banned from the securities industry.
From: jeffrey E. [jeevacation@gmail.com]Sent: 6/15/2018 1:26:04 PMTo: Richard Kahn_________________________________Subject: Re: Trump advisors reportedly seeking a pardon for 'junk bond king' MilkenImportance: HighDid we get bank appraisal ayhOn Fri, Jun 15, 2018 at 9:06 AM Richard Kahn <> wrote:https://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 KimSeveral 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 10022PhoneHOUSE OVERSIGHT 031796FaxCellplease noteThe information contained in this communication isconfidential, may be attorney-client privileged, mayconstitute inside information, and is intended only forthe use of the addressee. It is the property ofJEEUnauthorized use, disclosure or copying of thiscommunication or any part thereof is strictly prohibitedand may be unlawful. If you have received thiscommunication in error, please notify us immediately byreturn e-mail or by e-mail to jeevacation@gmail.com, anddestroy this communication and all copies thereof,including all attachments. copyright -all rights reservedHOUSE OVERSIGHT 031797