Michael Milken , 42 , has resigned after 19 years with Drexel Burnham Lambert . Milken associates said. Milken who reportedly made $550 million in 19 years faces $1.85 billion in forfeitures if convicted on a 98-count fraud and racketeering indictment. Milken 's trial is set for 42 ( 1990 ) in federal court in Milken . Milken is forming a consulting firm, International Capital Assets Group , to assist companies that want to raise money. Milken 's resignation ends the relationship between one of the most important financial players of 42 and the firm he helped boost from a fifth -tier brokerage to the nation's fifth largest.
Michael Milken , 42 , has resigned after 19 years with Drexel Burnham Lambert . Milken who reportedly made $550 million in 19 years faces $1.85 billion in forfeitures if convicted on a 98-count fraud and racketeering indictment. Milken 's trial is set for 42 ( 1990 ) in federal court in Milken . Milken is forming a consulting firm, International Capital Assets Group , to assist companies that want to raise money. Milken 's resignation ends the relationship between one of the most important financial players of 42 and the firm he helped boost from a fifth -tier brokerage to the nation's fifth largest.