Martin Shkreli – once dubbed ‘most hated man in America’ – convicted of securities fraud

‘A federal jury has found Martin Shkreli guilty on multiple criminal securities fraud charges, and faces years in prison once he is sentenced.
Shkreli, who has been nicknamed “Pharma bro” and called “the most hated man in America”, was sentenced in Brooklyn after a trial that lasted more than a month.
Altogether, Shkreli was found guilty on three of eight charges brought against him. That includes convictions on securities fraud, and conspiracy to commit both securities fraud and wire fraud.
Outside of the court house, Shkreli portrayed the decision as a victory for him: “This was a wtich hunt of epic proportions, and maybe thy found one or two broomsticks, but at the end of the day, we’ve been acquitted of the most important charges,” he said.
Prosecutors in the trial said that a huge trove of evidence showed that Shkreli had duped multiple investors into investing millions of dollars into hedge funds he ran, MSMB Capital and MSMB Healthcare. He did so by falsely claiming to have an superb record of running those types of funds. He also told investors that his investment strategy was low risk.’
Read more: Martin Shkreli – once dubbed ‘most hated man in America’ – convicted of securities fraud