Michael Milken, 42, has resigned after 19 years with Drexel Burnham Lambert. Milken who reportedly made $550 million in 1987 faces $1.85 billion in forfeitures if convicted on a 98-count fraud and racketeering indictment. Milken's trial is set for next March (1990) in federal court in Manhattan. He also is accused of insider trading in a separate SEC lawsuit. Milken is forming a consulting firm, International Capital Assets Group, to assist companies that want to raise money. Hide Caption 8 of 21 Photos:
Michael Milken, 42, has resigned after 19 years with Drexel Burnham Lambert. Milken who reportedly made $550 million in 1987 faces $1.85 billion in forfeitures if convicted on a 98-count fraud and racketeering indictment. Milken's trial is set for next March (1990) in federal court in Manhattan. Milken is forming a consulting firm, International Capital Assets Group, to assist companies that want to raise money. Hide Caption 8 of 21 Photos: