Re:Martin Shkreli is found guilty of securities fraud
by oh_sigh on Friday August 04, 2017 @06:20PM
(#14932846)
> He defrauded and stole money from the investors in the pharma company to repay the people he defrauded and stole money from in the hedge funds. The one set of victims getting a return only happened by stealing returns belonging to the other set of victims.
That is not at all what I read. It seemed like he personally made a lot of money from his pharma business, and used that to repay the investors of the fund?
Can you please source your statement?
He defrauded and stole money from the investors in the pharma company to repay the people he defrauded and stole money from in the hedge funds. The one set of victims getting a return only happened by stealing returns belonging to the other set of victims.
> However, it's pretty clear what he did is also fraud (false documents, not returning people's money when they asked for it) even if the fact that investors came out better makes the plaintiffs less sympathetic.
Criminal cases have separate prosecution and victims, but not plaintiffs. It's the victims (well, one of two sets of them) that are potentially less sympathetic for the reason you describe.