Former Bloomberg Finance Expert: Michael Milken Sentenced to 3.5 Years in Prison for Insider Trading, Plans Appeal.
ByAinvest
Monday, Jun 23, 2025 4:51 pm ET1min read
MILK--
Michael Milken, a financier and philanthropist, was sentenced to 3.5 years in prison for insider trading. Milken was previously convicted of violating US securities laws and was fined $600 million. He was also permanently barred from the securities industry. Milken plans to appeal the sentence. He is known for his role in developing the high-yield bond market and his charitable work in medical research.
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