Quick Answer
Key Takeaways
- Terren Scott Peizer is an American businessperson who was convicted of insider trading and securities fraud
- He worked as a junk bond salesman at Drexel Burnham Lambert
- He testified against his former boss Mike Milken in 1990 in Milken's securities fraud prosecution in exchange for immunity from both criminal prosecution and SEC sanctions
- In the decades that followed, Peizer was an investor, manager, and owner of a series of small-cap companies in various industries, several of which lost money, lost stock value, or went bankrupt during or shortly after his involvement
Overview
Terren Scott Peizer is an American businessperson who was convicted of insider trading and securities fraud. He worked as a junk bond salesman at Drexel Burnham Lambert. He testified against his former boss Mike Milken in 1990 in Milken's securities fraud prosecution in exchange for immunity from both criminal prosecution and SEC sanctions. In the decades that followed, Peizer was an investor, manager, and owner of a series of small-cap companies in various industries, several of which lost money, lost stock value, or went bankrupt during or shortly after his involvement.
Sources & References
- [1]Terren Peizer - Wikipedia
Wikipedia, 2026