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
SEPTEMBER 25, 2013
NYS DOS ID#
NYS Entity Type
FOREIGN LIMITED PARTNERSHIP
2013 - DELOS INVESTMENT FUND, LP
AROUND THE WEB
- Martin Shkreli is found guilty of fraud
By Stephanie Clifford and Colin Moynihan - Friday Aug 4, 2017
- Greater Minnesota Housing Fund Launches Impact Investment Fund
By email@example.com (Matt Sinclair) - Thursday Jun 8, 2017
A public-private partnership, the new fund will support efforts to acquire and preserve affordable housing in the Twin Cities....
- Why Nelson Peltz Wants P.&G. to See Him as a ‘Constructivist’
By ANDREW ROSS SORKIN - Tuesday Jul 18, 2017
The financier, who dislikes the term “activist,” has made his name by investing in companies using a friendlier approach. But he’s still an activist.
- Rapper Common surprises students at NY school, donates money
By MESFIN FEKADU, AP Music Writer - Thursday Jul 20, 2017
Rapper Common surprises students at NY school, donates moneyNEW YORK (AP) — Oscar and Grammy winner Common surprised a group of New York students by donating $10,000 to help their teachers buy supplies like calculators and science kits.The rapper-actor partnered with the nonprofit AdoptAClassroom.org and Burlington Stores to give Renaissance School of the Arts in Harlem the funds on Thursday.Jadon-Li M. Antoine, an aspiring musician, actor and dancer, said Common's visit motivates him to keep aiming for his dreams.Burlington has been raising money from its 599 stores to help other schools, asking customers to donate $1 or more.
- Critics throw shade at Cuomo's plan to light NYC bridges
By DAVID KLEPPER, Associated Press - Sunday Aug 13, 2017
ALBANY, N.Y. (AP) — Critics are throwing shade at Gov. Andrew Cuomo's pricey plan to install high-tech, color-changing lights on New York City's bridges, questioning whether the investment is the best use of public money.A government watchdog group this month called for a state probe into what it says are conflicting explanations for how much the lights cost and where that money will come from.De Blasio, who has frequently sparred with his fellow Democrat, urged Cuomo to reallocate the money for emergency repairs on the subway system, which has been plagued by mounting delays, derailments and other problems caused by decades of neglect.Despite initial reports that the Metropolitan Transportation Authority would foot the bill, the state now says the money will come from economic development funds and proceeds from the state's Power Authority, which often works on big energy efficiency projects.
- Lloyd Blankfein wants to break up with hedge fund traders
By Kevin Dugan - Thursday Aug 3, 2017
Lloyd Blankfein to Wall Street: It’s not you, it’s me. The Goldman Sachs chief executive, who has overseen two straight quarters of disappointing trading revenue, is pegging a turnaround, in part, on plans to expand its trading partners. Goldman has been spending too much time with hedge fund traders, he said. The New York investment...