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Lisa Ann Jones
Convicted Drexel Burnham Trader; Lied to SEC About Michael Milken's Criminal Activities
Trader, Drexel Burnham Lambert High-Yield Bond Department (Beverly Hills)
Overview
Lisa Ann Jones was a trader in Michael Milken's high-yield bond department at Drexel Burnham Lambert's Beverly Hills office. She pleaded guilty to perjury for lying to the SEC about Milken's illegal activities, including secret arrangements to guarantee Ivan Boesky against losses on stock positions. Jones's testimony was critical to establishing that Milken's operation was not a solo endeavor but a systematic fraud enterprise with willing participants who actively concealed criminal conduct from regulators.
Key Affiliations
Controversies & Concerns
Lied to SEC about Milken's illegal activities including secret guarantee arrangements with Boesky
Her conviction proved Milken's fraud was an organized enterprise with willing participants, not a solo act
Active participant in concealing criminal conduct from federal regulators
Related Investigations (1)
Criminal Charges & Violations
2 documented violations
18 U.S.C. 1621Perjury: Lying to SEC about Michael Milken's criminal activities(Federal)
18 U.S.C. 1505Obstruction of Justice: Concealing evidence of securities fraud from SEC investigators(Federal)
Known Associates & Connections
Michael Milken
Direct supervisor; ran the criminal enterprise she lied to protect
Sources & Documentation
1 documented sources from official records, investigations, and reports
Personal Information
- Born
- Unknown
- Birthplace
- United States
Education
Key Timeline
1983-1989
Works as trader in Milken's Beverly Hills high-yield bond department
1989
Pleads guilty to perjury for lying to SEC about Milken's illegal activities