News and Events for Attorneys and Executives

Ex-Biglaw Partner Gets 18 Months in Prison for Role in Shkreli Fraud

By on August 19, 2018 in Banking & Finance, Criminal Law

The New York Post reports that the former lawyer who helped “Pharma Bro” Martin Shkreli defraud investors landed just one and a half years in prison Friday — but will have to fork over more than $10 million in restitution and forfeitures.

Brooklyn federal court Judge Kiyo Matsumoto said Evan Greebel’s conduct was “egregious” and he played a “crucial role” in Shkreli’s scheme to defraud his hedge-fund investors after he lost all their money in a bad trade.

In addition to the prison time, the disbarred attorney will have to pay $10,447,979 in restitution to Retrophin and forfeit $116,464.03 in ill-gotten gains to the government, writes reporter Emily Saul.

Greebel is a former partner at Kaye Scholer and Katten Muchin Rosenman.

Read the NY Post article.