Michael Milken is synonymous with junk bonds. The former financier faced off against former US attorney Rudy Giuliani, who charged him with nearly 100 counts, including securities fraud. Ultimately, Milken pleaded guilty to just one-half dozen counts. He served 22 months in federal prison.
Now buoyed by the recent pardon of Joe Arpaio, an Orange County man now wants a presidential pardon for Milken. David Bahnsen, an Orange County money manager, who says he has no ties to Milken, sees Milken’s conviction as an injustice.
Bahnsen believes that pardoning Milken is the right way to correct a mistake. Milken and his brother Lowell both found themselves in the federal government’s crosshairs. Milken’s supporters say that prosecutors punished him for his success. They also believe he pleaded guilty to spare his brother.
Milken applied for presidential pardons during the Bush and Clinton administrations. Each time, however, the White House rejected his request. Opponents say that Milken got less than he deserved. According to them, Milken’s actions triggered the savings and loan crisis. However, Rudy Giuliani, who prosecuted the case, supported Milken’s unsuccessful 2000 pardon bid.
Los Angeles securities fraud lawyer
Most people who face securities fraud charges won’t get a presidential pardon to set things right. In fact, the federal government is most likely win a conviction. When you’re facing securities fraud charges, your first move should be to hire an experienced securities fraud lawyer like Robert Helfend.
Mr. Helfend has nearly 35 years of experience providing federal defense to his clients. Mr. Helfend works aggressively to reduce or eliminate charges against his client. Minimizing the charges is important, because it minimizes a potential sentence in the event of a conviction.
Although federal prosecutors are well funded and well equipped to win, that doesn’t mean there’s nothing you can do. Your best strategy starts with hiring an experienced attorney.
Contact Robert Helfend or call toll-free at (800) 834-6434, (310) 456-3317, (818) 591-2809 or (805) 273-5611 for an immediate consultation on your Los Angeles County securities fraud case.
Photo Credit: Tom Lohdan, via Flickr.com