Milken new company, International Capital Access Group , is up and running and its founder says it will help members of minority groups and unions raise the capital to own companies. International Capital Access Group has already purchased between $500,000 of equipment for lease to a company that was bought out by unionized employees in 1987 . Beverly Hills says that he has been approached by several hundred companies and ICAG is doing work for several hundred of these. However, all is not that rosy. Because he is under indictment Milken can not trade or underwrite securities and many potential clients are frightened of having their names publicly associated with him.
Michael Milken's new company, International Capital Access Group, is up and running and its founder says it will help members of minority groups and unions raise the capital to own companies. ICAG has already purchased $2.5 million of equipment for lease to a company that was bought out by unionized employees in 1987. Milken says that he has been approached by several hundred companies and ICAG is doing work for about 30 of these. However, all is not that rosy. Because he is under indictment Milken can not trade or underwrite securities and many potential clients are frightened of having their names publicly associated with him.