Trump pardons Michael Milken, face of 1980s insider financial scandals

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President Trump has pardoned Michael Milken, the former junk bond king who became a face of the insider trading financial scandals of the 1980s.

Financier and philanthropist Michael Milken visits "Mornings With Maria" at Fox Business Network Studios on August 23, 2018 in New York City.President Donald Trump has issued a pardon of Michael Milken, the former junk bond king who became a face of the insider trading financial scandals of the 1980s.

Trump cited the "incredible job" that Milken has done supporting cancer research since his conviction for racketeering and securities fraud.But that punishment was later reduced to two years locked up after he cooperated with federal investigators.

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