“Pharma Bro” found guilty on 3 of 8 charges yet according to defense witnesses they actually made money on their investments, so what gives – PB/TK
Eccentric hedge fund operator Martin Shkreli found guilty of fraud – By AP / Aug 4 2017
Martin Shkreli, the eccentric former pharmaceutical CEO notorious for a price-gouging scandal and for his snide “Pharma Bro” persona on social media, was convicted Friday on federal charges tat he deceived investors in a pair of failed hedge funds.
A Brooklyn jury deliberated five days before finding Shkreli guilty on three of eight counts. He had been charged with securities fraud, conspiracy to commit securities fraud and conspiracy to commit wire fraud.
Shkreli, 34, told “lies upon lies,” including claiming he had $40 million in one of his funds at a time when it only had about $300 in the bank, Assistant U.S. Attorney Alixandra Smith said in closing arguments. The trial “has exposed Martin Shkreli for who he really is — a con man who stole millions,” added another prosecutor, Jacquelyn Kasulis.
Continue to msn.com article: http://www.msn.com/en-us/money/companies/eccentric-hedge-fund-operator-martin-shkreli-found-guilty-of-fraud/ar-AApqRuj?li=BBmkt5R&ocid=spartanntp
