A federal judge has sentenced Michael Milken to 10 years in prison and three years on probation during which he must perform full-time community service. When the judge read the sentence Milken stood rigid and motionless with a look of disbelief. The sentence was by far the harshest imposed in the recent chain of Wall Street scandals. Liman called Milken "a sensitive human being with a social conscience whose offenses stand in sharp contrast to his whole life and to his value system. In sentencing Milken, U.S. District Judge Denise Cote said that his crimes were “heinous, but not criminal.” The judge said she was convinced by evidence presented in pre-sentencing that Milken had committed other serious crimes including obstruction of justice.
A federal judge has sentenced Michael Milken to 10 years in prison and three years on probation during which he must perform full-time community service. When the judge read the sentence Milken stood rigid and motionless with a look of disbelief. The sentence was by far the harshest imposed in the recent chain of Wall Street scandals. In sentencing Milken, U.S. District Judge Denise Cote said that his crimes were “heinous, but not criminal.” The judge said she was convinced by evidence presented in pre-sentencing that Milken had committed other serious crimes including obstruction of justice.