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Article: MILKEN INVESTIGATION IS COMING CLOSER TO HOME
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- October 13, 1988
- Author:
CopyrightCopyright 1988 The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
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Boston's bond community met last night to honor the Federal
Reserve Bank's retiring president Frank Morris, with his
replacement still unselected. For many local bond-buyers, however,
a more titillating set of concerns exists than who will be their
next emissary to the nation's central bank.
With at least one Drexel Burnham Lambert Inc. employee finally
actively cooperating with federal prosecutors in the investigation
of the junk bond trading empire of Drexel executive Michael R.
Milken, the Boston firms whose high-yield funds were among Milken's
best customers over the years will be paying increasing attention
to the spreading investigation.
For example, they'll be watching for ...