Re:Martin Shkreli is found guilty of securities fraud
by ThrustVectoring on Friday August 04, 2017 @06:01PM
(#14932711)
Isn't Mr. Shkreli one of those Retrophin investors, too? Like, he could have made his defrauded hedge fund clients whole out of his stake in Retorphin, rather than from Retrophin as a whole.
Re:Martin Shkreli is found guilty of securities fraud
by slavik81 on Saturday August 05, 2017 @02:17PM
(#14937061)
This is what really confuses me. I haven't found a source that actually specifies what specifically he was found guilty for. At least one of the charges was about defrauding Retrophin investors, but he was found not guilty on several charges, so it's hard to tell. Quotes like this make me think that he was found not guilty on that charge:
> Shkreli said during a press conference after the jury's announcement that he was "delighted by the verdict" since he was found not guilty on a key charge regarding his former drug company Retrophin.
http://www.businessinsider.com/martin-shkreli-verdict-securi...
AFAICT, the Retrophin investors lost actual money. The losses came out of gains and reduced them, and they still had net gains from Retrophin, but they lost money to the fraud.