[retcon]

Drexel was shut down by order of one certain ambitious NY Assistant AG by the name of Rudy Giuliani. The indictment? Criminal prosecution for statutory civil offences of two counts of failure to file stock transfer forms that by the letter of the law impose a fin e. Sentence: 12 years in federal. Appealed and won. Key witnesses for the prosecution included the convicted fraudster Ivan Boesky. RICO was the act abused to overnight shutter the single most critical liquidity provider to the savings and loans industry. American Thrifts to almost the last were bankrupted instantly. Cost to the taxpayer for the bailout? Cheap at four trillion.

Edited extraneous adjectives and sp

Oh and Lowell Milken, Mike's brother, was charged before anyone else by Giuliani in a overt and well documented hostage manipulation. Lowell never held operational executive office sufficient to have any involvement with the affair and his indictment was dropped. I should probably also note that Mike infamously never spent money on lifestyle and had to be brute forced into upgrading dress and toupee. Anyone on the street as successful as Mike and not spending money will have accumulated substantial wealth even if you don't count the Rodeo drive era. Much of which wealth went into settling civil suits.

Edit2: Giuliani's correct job title at the time

[tedheath123]

Regarding Giuliani and his handling of the case, you make a good point. The politicization of law enforcement is something we should all be concerned about.

You're quite right that the charges were dropped against Lowell in return for a guilty plea from his brother. However, if Stewart's account in Den of Thieves is to be believed, then Lowell was intimately involved in the affair.