The key player is Michael Milken, although he sometimes collaborated with Ivan Boesky to violate securities rules. He was born in 1946 and raised by a Jewish family in California. He completed his high school education at Birmingham high school before joining California University. After his graduation in 1968, he joined Pennsylvania University for a master’s degree and later joined Drexel as one of the directors soon after graduation (Milken, 2013). When working for Drexel, Milken found himself against the law, especially when used deceit to invest and accumulate huge profits. When his investment reached five times more than what was the limit, SEC investigated him and found him guilty of financial scams (Milken, 2013). The court sentenced him to 10 years in jail. Today, Milken is a philanthropist who has devoted his resources to help the less privileged.  

(566words)