Shkreli Described by Prosecutors as Spinning ‘Lies Upon Lies’
Image by OversightandReform
Pharma Bro Martin Shkreli is a liar who ripped off his clients, a prosecutor told jurors, according to a Bloomberg report.
Reporters Patricia Hurtado and Misyrlena Egkolfopoulou write that his lawyer said the former fund manager may be nuts, but he’s also a genius who made millions for his investors.
Shkreli is accused of fraud in relation to his control of two hedge funds he ran as well as Retrophin Inc., a pharmaceutical company he founded in 2011. Prosecutors characterize him as a con man.
The defense paints Shkreli as an investment genius, prosecutors point out that he repeatedly lost money for investors and lied to them.
