Word: prisons
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Dates: during 1980-1989
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...Milken chooses to fight the criminal charges, he can afford the legal bills. His net worth is estimated at more than $500 million. Even so, the man who revolutionized the money markets of the roaring '80s could wind up doing prison time in the '90s. Milken could also be slapped with a huge fine or be banned from working in the securities industry. For one who has devoted his life to building and controlling an unprecedented financing empire, that prospect may be the most chilling...
They are the last of their ship to be hired, by the casually sadistic foreman of Stone Farm, which is both ironically and aptly named. Its holdings, bordering a wild, beautiful seacoast, are large and fertile; there is nothing stony about them. But its walled farmyard is like a prison; its heavy gates are locked each night, and workers are treated like convicts...
...must be settled by Jan. 10. The SEC could conceivably ask for a larger pool of money to compensate alleged victims, who range from ordinary stockholders to Drexel's clients. Even so, Giuliani declared Drexel's fines and concessions "appropriate punishment." He added, "You do not put corporations in prison...
...Ivan Boesky, a notorious Wall Street speculator, pleaded guilty to a single count of securities fraud and agreed to pay $100 million to settle SEC charges that he had used insider information to buy and sell stock. Boesky, who is serving a three-year term in a minimum-security prison in Lompoc, Calif., agreed to identify others who had joined his schemes. The trail led to Drexel and its wunderkind, who allegedly used a complex network of contacts to manipulate securities prices...
Obsession was the theme of the trial. Just as Hortense Gabel searched relentlessly for a job for her only daughter, the still attractive Myerson, 64, was obsessed with the fleshy Capasso, who is serving three years in federal prison for income tax evasion. Born in 1945 -- the year Myerson was crowned Miss America -- Capasso came along during Myerson's losing Senate bid in 1980, helped her pay off campaign debts, bought her a Mercedes and a fur coat, and gave her the run of his Long Island mansion. All was seeming paradise until Nancy Capasso found out about Bess...