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1. en.wikipedia.org › wiki › Drexel_Burnham_LambertDrexel Burnham Lambert - Wikipedia

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   Drexel Burnham Lambert Inc. was an American multinational investment bank that was forced into bankruptcy in 1990 due to its involvement in illegal activities in the junk bond market, driven by senior executive Michael Milken.

2. www.nytimes.com › 1990/02/14 › businessThe Collapse of Drexel Burnham Lambert; - The New York Times

   www.nytimes.com › 1990/02/14 › business

   Feb 14, 1990 · The merger gives Groupe Bruxelles Lambert approximately a 28 percent stake in the new company. 1978: Michael R. Milken, head of Drexel's high yield and convertible bonds department, moves...

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   Why did Drexel Burnham Lambert go bankrupt?

   • Drexel Burnham Lambert Inc. was an American multinational investment bank that was forced into bankruptcy in 1990 due to its involvement in illegal activities in the junk bond market, driven by senior executive Michael Milken. At its height, it was a Bulge Bracket bank, as the fifth-largest investment bank in the United States.

   Drexel Burnham Lambert - Wikipedia

   en.wikipedia.org/wiki/Drexel_Burnham_Lambert

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   How did Drexel acquire Groupe Bruxelles Lambert?

   • The merger gives Groupe Bruxelles Lambert approximately a 28 percent stake in the new company. 1978: Michael R. Milken, head of Drexel's high yield and convertible bonds department, moves his junk bond operations to Beverly Hills, Calif. 1983: Drexel begins to use junk bonds to finance hostile takeovers.

   The Collapse of Drexel Burnham Lambert; - The New York Times

   www.nytimes.com/1990/02/14/business/the-collapse-of-drexel-burnham-lambert-key-events-for-drexel-burnham-lambert.html

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   When was Drexel Burnham Lambert founded?

   • The merged firm claimed 1935 as its founding date. In 1976, it merged with William D. Witter (also known as Lambert Brussels Witter), a small "research boutique" that was the American arm of Belgian -based Groupe Bruxelles Lambert. The firm was renamed Drexel Burnham Lambert and incorporated that year after 41 years as a limited partnership.

   Drexel Burnham Lambert - Wikipedia

   en.wikipedia.org/wiki/Drexel_Burnham_Lambert

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   What did Drexel & Milken do in 1988?

   • September 1988: In a civil complaint, the Securities and Exchange Commission accuses Drexel and Mr. Milken of insider trading, stock manipulation, and assisting in tax law violations. December 1988: Drexel agrees to plea guilty to six criminal counts of mail and securities fraud that will be filed by the SEC.

   The Collapse of Drexel Burnham Lambert; - The New York Times

   www.nytimes.com/1990/02/14/business/the-collapse-of-drexel-burnham-lambert-key-events-for-drexel-burnham-lambert.html

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4. archive.nytimes.com › dealbook › 2015Drexel, 25 Years After Its Collapse, Only Helps a Résumé

   archive.nytimes.com › dealbook › 2015

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   Feb 13, 2015 · Its head of junk bonds, Michael R. Milken, who had been caught up in a sweeping insider trading scandal, pleaded guilty to securities fraud in 1990, paid $600 million in fines and restitution...

5. www.bloomberg.com › graphics › 2015-drexel-burnhamRenegades of Junk: The Rise and Fall of the Drexel Empire ...

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   Apr 1, 2015 · A quarter of a century after Michael Milken wept in court as he apologized for securities fraud, Drexel's cast of characters, ideas, and attitude may be as influential as ever.

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6. www.washingtonpost.com › archive › politicsJURY INDICTS MILKEN IN DREXEL FRAUD CASE - The Washington Post

   www.washingtonpost.com › archive › politics

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   Mar 30, 1989 · NEW YORK, MARCH 29 -- Michael Milken, the beleaguered financier for Drexel Burnham Lambert Inc., was indicted here today on 98 counts of fraud, racketeering, insider trading, manipulation...

   • Author: Howard Kurtz

7. www.economist.com › 1990/02/17 › the-death-of-drexelThe death of Drexel - The Economist

   www.economist.com › 1990/02/17 › the-death-of-drexel

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   Feb 17, 1990 · The death of Drexel. Feb 17th 1990|. IN THE end Drexel Burnham Lambert proved as much a creation of Mr Michael Milken as were so many of the former junk-bond king's nouveau riche clients. The once ...

8. www.supermoney.com › encyclopedia › michael-milkenMilken's Magic: Decrypting Junk Bonds, From Wall Street ...

   www.supermoney.com › encyclopedia › michael-milken

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   Mar 8, 2024 · BP. Last updated 03/08/2024 by. Bamigbola Paul. Edited by. Fact checked by. Summary: Explore the intriguing story of Michael Milken, the philanthropist and former Drexel Burnham Lambert executive, renowned for his pioneering use of high-yield junk bonds in corporate finance.