Lowell Milken was never convicted — it was widely reported that - TopicsExpress

Lowell Milken was never convicted — it was widely reported that prosecutors dropped the charges as part of Michaels plea deal—but he was banned for life from working in the securities industry, and the New York Stock Exchange also banned him. Michael and Lowell were the brain trust at Drexel Burnham, says William Black, a professor at the University of Missouri-Kansas City who was a top investigator of the savings and loan scandals in the 1980s. Lowell was the legal side, which is to say legal in quotation marks. Lowell was also a main character in Pulitzer prizewinner James B. Stewarts Den of Thieves — the definitive account of the rise and fall of Drexel Burnham, and a book you should buy. I think the public record is what it is, Stewart said in a phone interview Monday. Its amazing to me that people do seem to forget history so quickly. I mean, its barely history.

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