Shkreli Wins Separate Fraud Trial

Shkreli Wins Separate Fraud Trial

On Wednesday , a Brooklyn federal judge ruled that Martin Shkreli will be tried for securities fraud separately from a lawyer who is being charged alongside him. Both Shkreli and lawyer Evan Greebel, who worked for Shkreli’s former company Retrophin Inc, had asked that their case be split. Prosecutors claim that Shkreli engaged in a Ponzi-like scheme in which he defrauded investors in MSMB and took $11 million in assets from Retrophin to repay them. Shkreli faces charges of securities fraud and conspiracy to commit wire fraud, while Greebel faces only conspiracy charges.
http://feeds.reuters.com/~r/Reuters/domesticNews/~3/WN4gHBVF4bw/us-usa-crime-shkreli-idUSKBN17L2K9

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