Drexel Burnham Lambert
Peizer is occasionally also known for his role, then only 28 years old, in cooperating "along with other Drexel employees and clients" as a witness in the government's case against Michael Milken and Drexel Burnham Lambert, Inc. in the federal crackdown on insider trading in the mid to late 1980s; which eventually led to guilty pleas from financier Michael Milken and Drexel. The case was prosecuted by Rudolph Giuliani while he was the U.S. Attorney in New York. Peizer himself was never involved in any Securities and Exchange Commission infractions, nor a subject or a target for any criminal prosecution; Peizer was merely a witness, amongst other Drexel employees and clients. In court transcripts, Judge Kimba Wood applauded Peizer for his sincerity, honesty, and integrity.
Read more about this topic: Terren Peizer
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