Company: Drexel Burnham Lambert
Crime: Fraud and racketeering
Sentence: 10 years, 5,400 hours community service
Release date: March 1993
Jail: Pleasanton (Calif.) Federal Correctional InstituteIn August of 1992, a Manhattan judge reduced Milken's sentence to two years, and he was released in March of 1993 from Pleasanton Federal Correctional Institute. Barbara Walters commented on the facility, "If you have to go to prison, Pleasanton isn't the worst place to be."