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In reply to the discussion: A cartoon that isn't funny [View all]HughBeaumont
(24,461 posts)Riddle me this: how does a guy who was
* indicted on 98 counts of securities fraud and racketeering,
* eventually convicted of 6 counts of fraudulent securities reporting (felonies, last I checked),
* sentenced to 10 years in prison (of which he served less than 2 years),
* forced to pay $200 million in fines, $400 million in restitution (he paid $1.1 billion for all
lawsuits related to his actions while working as a junk bond trader at Drexel)
. . . come out of prison even richer than he was before???
Michael Milken has a net worth of 2 billion dollars.
If any of US stole even $500, we'd never work again and die in squalor.
It's because he was allowed to keep some of his wealth despite being convicted of securities-related felonies.
It also shouts loudly at the fact that once money goes to the top, it stays there no matter WHAT.