The ‘Junk Bond King’ And The Insider Trading Scandal

In the 1980s, bond market innovator Michael Milken—commonly referred to as the “Junk Bond King”—ruled the financial world. Although Milken rose to financial fame, the late 1980s Insider Trading Scandal tarnished his reputation. The legal ramifications that Milken endured as a result of his accusations of market manipulation and unlawful insider trading stained his reputation. …