Earlier today, President Trump pardoned Michael Milken, the former junk bond king who became a face of the insider trading financial scandals of the 1980s.
that several news outlets had reported that Mnuchin was advocating for a pardon for Milken, and that The New York Times had reported last year that Mnuchin flew on Milken's private airplane from Washington, D.C., to Los Angeles.
A statement issued by Trump's press secretary Stephanie Grisham detailed the rationale for the pardon for Milken, and called him "one of America's greatest financiers" for his pioneering of "the use of high-yield bonds in corporate finance.""In fact, one of the lead prosecutors later admitted that Mr. Milken had been charged with numerous technical offenses and regulatory violations that had never before been charged as crimes," Grisham said.
"Since his release, Mr. Milken has dedicated his life to philanthropy, continuing charitable work that he began before his indictment," the press secretary said. "Over the years, Mr. Milken — either personally or through foundations he created — has provided hundreds of millions of dollars in critical funding to medical research, education, and disadvantaged children. Mr. Milken's philanthropy has been particularly influential in the fight against prostate cancer and has been credited with saving many lives."
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