Michael Milken 's new company , International Capital Access Group , is up and running and its founder says it will help members of labor unions and unions raise the money to own companies . ICAG has already purchased $ 2.5 million of equipment for sale to a company that was bought out by unionized employees in 1987 . Milken says that he has been approached by several hundred companies and he is doing work for about 30 of these . However , all is not that rosy . Milken himself takes pains to downplay his former role as competitor, saying that as a former buyer and seller of securities, he always had to maintain good relationships with other firms. Because he is under indictment Milken can not trade or underwrite , and many potential investors 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 labor unions and unions raise the money to own companies . ICAG has already purchased $ 2.5 million of equipment for sale to a company that was bought out by unionized employees in 1987 . Milken says that he has been approached by several hundred companies and he 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 , and many potential investors are frightened of having their names publicly associated with him .