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Why was Milken indicted?

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In 1989 a federal grand jury indicted Milken for violations of federal securities and racketeering laws. He pled guilty to securities fraud and related charges in 1990, and the government dropped the more serious charges of insider trading and racketeering.

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Get more facts and information about Milken, Michael Robert . Or, view the full encyclopedia entry from The Columbia Encyclopedia, Sixth Edition.

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