Michael Milken

Michael Robert Milken (born July 4, 1946) is an American business magnate, financier and philanthropist. He is noted for his role in the development of the market for high-yield bonds ("junk bonds"), for his conviction following a guilty plea on felony charges for violating U.S. securities laws, and for his charitable giving.Milken was indicted for racketeering and securities fraud in 1989 in an insider trading investigation.