A protégé of former junk bond king MichaelMilken was sentenced on Monday to 3-1/2 years in prison for insider trading at a healthcare company he once led, over his use of a trading plan designed to protect executives against that crime.
... investment bank that made MichaelMilken a Wall Street legend, On The Money has learned ... Michael Milken (left) made history by creating the high yield or junk bond market back in the 1980s.