Forensic Accounting case: Michael Milken, the junk bond king
Michael Milken
· Background
· Drexel Burnham
· The most highly paid financier
· "The Junk Bond King"
· Success before the scandal
· Create “Junk bond” market
· Fraud -- security trading (Insider Trading)
· Detail of the fraud
· Criminal charges
· Go to prison
· $600M fine
· Contribution after release from prison
· Education?
· Knowledge Universe
· Charity
· Fund medical research
· Lessons and how does it relate to forensic accounting