Prosecutor: Martin Shkreli repeatedly lied to investors
NEW YORK (AP) — Wealthy investors say former biotech CEO Martin Shkreli told them he was managing tens of millions of dollars’ worth of investments, that they were making double-digit returns and they could withdraw their money at any time.
All of it, prosecutors said on Thursday, was a brazen con.
Shkreli, 34, is best known for jacking up the price of a life-saving drug and trolling his critics on social media, but his trial in Manhattan has focused on his time running a pair of hedge funds.