Trump pardons Michael Milken (2020)
In his first term, Trump pardoned junk-bond financier Michael Milken, who pleaded guilty in 1990 to securities and reporting violations and paid roughly $600 million in fines. Milken had become a prominent philanthropist after serving prison time. Prominent business figures lobbied for the clemency.
The pardon cleared Milken's federal record decades after his release from prison.
It signaled the administration's willingness to use clemency for high-profile financial crimes, a pattern that expanded in the second term.
Like Buyer, Milken was a securities-law offender backed by influential supporters whose record was wiped clean long after his sentence ended.
