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Trump pardons ‘junk bond king’ Michael Milken after 30 years

Milken’s prosecution in the late 1980s defined an era of financial excess

Michael Milken attends Prostate Cancer Foundation's Dinner At Daniel on November 19, 2019 at Daniel in New York City
Michael Milken attends Prostate Cancer Foundation's Dinner At Daniel on November 19, 2019 at Daniel in New York City Photo: Getty Images

President Trump issued a flurry of clemency orders on Tuesday, pardoning financier Michael Milken, who spent nearly two years in prison for securities-law violations, and commuting the 14-year sentence of ex-Illinois governor Rod Blagojevich, who was convicted of trying to sell a US Senate seat.

Trump also issued full pardons for former New York City Police Commissioner Bernard Kerik, and former San Francisco 49ers owner Edward J. DeBartolo Jr. Trump has now issued a total of 35 pardons or sentence commutations since 2017, far more than his two immediate predecessors in the first three years of their administrations.

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