A federal judge has sentenced Milken to three years in prison and 10 years on probation during which he must perform full-time community service. The sentence could be reduced if Milken cooperates with the government in ongoing and future investigations. 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. Milkens pleaded guilty to conspiracy, securities fraud, filing false information with the KKR , mail fraud and aiding in the filing of a false tax return. 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 Milken to three years in prison and 10 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. Milkens pleaded guilty to conspiracy, securities fraud, filing false information with the KKR , mail fraud and aiding in the filing of a false tax return. The judge said she was convinced by evidence presented in pre-sentencing that Milken had committed other serious crimes including obstruction of justice.