NEW YORK — Martin Shkreli, accused of defrauding his hedge fund investors and a pharmaceutical company, was convicted on three of eight counts on Friday, after a five-week trial in U.S. District Court in Brooklyn, N.Y.Shkreli was accused of securities and wire fraud related to two hedge funds he ran, MSMB Capital and MSMB Healthcare.The prosecution brought forth an “avalanche” of evidence, as prosecutor Jacquelyn Kasulis put it in her rebuttal argument, that included a threatening letter he sent to the wife of a former employee, statements he sent to MSMB investors showing great returns at the same time he had no money in fund accounts, three versions of a backdated agreement to make it look as if MSMB Capital had invested in Retrophin when it had not, as well as claims about assets under management that were wildly out of line with his actual fund size.
NYS Entity Status
NYS Filing Date
FEBRUARY 20, 2013
NYS DOS ID#
NYS Entity Type
FOREIGN LIMITED PARTNERSHIP
2013 - BLAZER CAPITAL FUND, LP
AROUND THE WEB
- Martin Shkreli is found guilty of fraud
By Stephanie Clifford and Colin Moynihan - Friday Aug 4, 2017
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By ANDREW COTTO - Wednesday Jun 14, 2017
A display contains frozen items, and the shelves are stocked with jars and cans. But there’s just one reason to visit this Boerum Hill business: meat.
- Rothy’s, whose ballet flats are all over Facebook and Pinterest, has raised $7 million in funding
By Connie Loizos - Tuesday Aug 8, 2017
You’ve likely seen them plastered across your social media accounts, if not on someone’s feet in San Francisco, where the company is based: attractive women’s flats in bright red with black soles, or bright red with pink stripes and blue detailing, or a gray camo pattern with a red sole. Rothy’s, available online only at the company’s site, suddenly seem to be… Read More
- Federal Jail in Brooklyn Faces a String of Sexual Assault Cases
By JOSEPH GOLDSTEIN - Tuesday Aug 1, 2017
The Metropolitan Detention Center has relatively few female inmates. Yet it accounts for a disproportionate number of sexual assault cases involving them.
- New York Today: New York Today: New Subway Clocks
By JONATHAN WOLFE - Monday Aug 7, 2017
Monday: Rolling out new subway clocks, the Corkscrew Theater Festival, and National Lighthouse Day.
- Booster Fills Up With $20M for On-Demand Gas—Is It ‘Sustainable’?
By Benjamin Romano - Tuesday Aug 1, 2017
Add refueling your car to the list of mundane tasks you don’t have to put on your to-do list. Booster Fuels, a service that brings gas to parked cars on-demand, said Tuesday it has raised $20 million to continue growing in the two large markets where it operates: the San Francisco Bay Area and Dallas-Forth […]