Yep. Milken was the inventor of junk bonds and did almost all of the financing of the leveraged buyouts during the 1980's. He was convicted and did jail time for insider trading having to do with his (actually Drexel Burnham Lambert's) underwriting of the junk bond portion of financing of companies being purchased or taken private. Kind of a long way from being a "racketeer", but he was guilty in much the same way as Martha Stewart was, but on a much bigger scale.

Milken made gazillions of dollars for himself and his firm. He was always a very generous philanthropist and continued that after he got out of prison. Sometime in the middle of all his legal travails, he got prostate cancer. He was cured, or put in remission, and began to accelerate his philanthropy.

Milken co-founded the Milken Family Foundation in 1982 to support education and medical research (http://www.mff.org/index.taf); he is chairman of the Milken Institute, which hosts the annual Global Conference, which is attended by more than 3,000 thought leaders and decision makers from nearly 60 nations; and he is the founder of the Melanoma Research Alliance, FasterCures (Center for Accelerating Medical Solutions), and the Prostate Cancer Foundation.

I'm guessing he was included on the panel because of his involvement in medical research and his involvement with so many opinion-makers thru his annual Global Conference.