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Article: The Milken file. (fairness of decision to reduce term of Michael R. Milken's prison sentence) (Editorial)
- Article from:
- National Review
- Article date:
- August 31, 1992
CopyrightCOPYRIGHT 1992 National Review, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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FEDERAL JUDGE KImba Wood has reduced junk-bond king Michael Milken's sentence from ten years to less than three (plus three years' full-time community service), making him eligible for parole almost immediately. At last, the government has taken a serious step toward spurring economic recovery.
The reduction is curious in that the usual beneficiaries of such mercy are little fish who have helped to land a bigger fish. While Michael Milken has cooperated with government investigators, his testimony has been of little use to them: the United States Attorney's office points to his help in convicting a former Drexel colleague, Alan E. Rosenthal, on one count of ...