Milken Will Go to Low-Security Prison Near S.F

From Associated Press

Convicted junk bond financier Michael Milken will serve his sentence at a minimum-security prison in the San Francisco Bay Area, court documents show.

Milken, the subject of one of the most intense white-collar criminal prosecutions in history, has been assigned to a prison camp at the Federal Correctional Institution in Pleasanton, on a military base. It's about 30 miles from where Milken attended college in Berkeley.

Milken is to report to federal custody March 4.

In making the designation, federal officials took the unusual step of rejecting the recommendation made by U.S. District Judge Kimba M. Wood, who last November sentenced Milken to 10 years in prison.

Wood asked the Federal Bureau of Prisons to send Milken to a facility on Nellis Air Force base in Las Vegas, which would have been closer to his home in Encino.

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