Word: plea
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...defense lawyers to diversify their practice and has even caused a few to bail out of big drug litigation. More important, it has plunged many attorneys into a sea of paper work to justify the source of their pay, pressuring some to avoid representing certain suspects and others to plea-bargain away their clients' cases...
Federal prosecutors insist they are merely using the law to seize dirty money from attorneys who ought to know better. But critics believe they see darker tactics at work. The feds "usually won't invoke forfeiture if you make a plea bargain," observes Miami lawyer Joel Hirschhorn. "But the minute you plead not guilty, they threaten you with going after the fee." Noriega's lawyers argue that the freezing of his assets may be part of just such a plea- bargaining ploy. They say it is preposterous for prosecutors to claim that Noriega's money came only from drugs...
...Milken, 43, began a tearful confession before a federal judge in Manhattan last week. The man whose deals revolutionized Wall Street and convulsed corporate America read a 15-min. statement detailing his role in securities fraud that involved recently paroled speculator Ivan Boesky and investment banker Dennis Levine. "My plea is an acceptance of personal responsibility for my own failings and actions," the once defiant Milken said in closing, weeping audibly. "I am truly sorry...
Gorbachev is moving too cautiously to a free-market system. TIME gives a prescription for action. Bond wizard Michael Milken cops a plea, but he's getting off light...
...Junk-bond wizard Michael Milken slouches toward a guilty plea...