Word: felons
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Dates: during 1990-1999
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...shook Michael Milken in Manhattan federal court last week punctuated the most dizzying fall from power in modern Wall Street history. They came as federal Judge Kimba Wood sentenced the financial wizard, whose junk bonds fueled the epic 1980s takeover wars, to 10 years in prison. Said the tearful felon: "What I did violated not just the law but all of my principles and values, and I will regret it for the rest of my life. I am truly sorry...
...toll-free 800 numbers, this one certainly stood out. Callers to 1-800-WANT-POT got exactly what they wanted -- $50 envelopes containing one-eighth of an ounce of marijuana delivered by bicycle to Manhattan street corners. The service was allegedly the brainchild of Michael Cesar, 48, a felon who formerly ran a similar service under the name DIAL-A- JOINT. Now Cesar faces serious time in a joint of a different kind. Last week he was arrested by New York City narcotics officers at his Greenwich Village comic-book shop -- where cops on the scene noticed a conspicuous absence...
...central Mexico Ruben Zuno Arce is known as Don Ruben, wealthy cattleman, son of a governor, brother-in-law of a Mexican President and an influential provincial political boss. In the U.S. last week the dapper Zuno, 60, added another credential to his resume: convicted felon. A Los Angeles jury found him guilty of racketeering, kidnapping conspiracy, and aiding and abetting the 1985 kidnap-murder of U.S. Drug Enforcement Administration agent Enrique Camarena...
Even for a billionaire, the $600 million penalty that junk-bond king Michael Milken has agreed to pay is a breathtaking sum. Milken will be forfeiting more money than any other felon in history. By another measure, the penalty is even larger than Union Carbide's $470 million settlement offer for the Bhopal disaster. Yet Milken's fortune, which has been estimated at $1.2 billion, is by no means wiped out. The frugal financier, who invested his monumental income instead of spending it, possesses an intricate web of assets that have been well sheltered from taxes and prying eyes...
Overburdened prisons are a constant source of pressure on judges and parole boards. Whatever the sentence, it rarely means the felon will be locked up that long. A killer who strikes a bargain for a 20-year term can sometimes walk away in a little less than seven years. That is why a number of states also tack on additional years for the use of a firearm during a crime. Some states, like Illinois and Maryland, have created a penalty of life without parole. That means, says Chicago Judge Earl Strayhorn, "a person goes in alive and comes out dead...