2 January 1998 | From Studio Briefing | See recent Studio Briefing news
The SEC has obtained a court order to extend Michael Milken's probation by one month as government attorneys prepare to file new charges against the former junk bond king that could land him back in prison again, the London Times reported today (Friday). According to the newspaper, the government is likely to claim that Milken violated the terms of his probabtion when he acted as an adviser in the Time Warner-Turner merger and in other financial transactions involving MCI and investor Ron Perelman. Milken's lawyers reportedly contend that his role was purely advisory and therefore in compliance with the probation agreement.
