did Shkreli ever make money trading or just defrauding

Here is a good report on Martin's crimes. Shkreli obviously failed at trading and then turned to defrauding.

http://www.newsweek.com/martin-shkreli-drug-manipulation-daraprim-retrophin-375416

 

NYT confirms he never made money trading (blew up two funds) and then profited from embezzlement and stock fraud. He seems unaware that the SEC and DOJ mean business.

http://www.nytimes.com/2015/12/06/b...als-hits-back.html?smid=tw-dealbook&smtyp=cur

 

Don't be surprised if he turns up face down in a ditch one day. That's some skuzy stuff right there.

 

I've never read such a hard core pronouncement of...

"...involves such a vast number of suspected crimes it is difficult to know where to start. A quick summary of the government’s theory: If there was money, Shkreli took it. If there were facts to be revealed, Shkreli hid them. If there were securities laws, Shkreli broke them..."

:eek:

 

what.....a douche!

http://www.bloomberg.com/features/2015-martin-shkreli-wu-tang-clan-album/?cmpid=BBD120915

 

06:38 | KBIO | (23.59)
KaloBios Pharma shares -45% amid Bloomberg reporting Martin Shkreli was arrested for securities fraud

Finally the SEC does something right!!!

 

?

 

typical Surf has his tongue up his rear, maybe he can be his penpal when he is in jail!!

 

at least market surfer's acquaintance neiderhoffer was not involved in fraud.

 

You know it turns out there is another side of this case. This may be a victimless crime.

http://www.bloombergview.com/articl...i-accused-of-being-surprisingly-good-at-fraud

"But never mind that. Just do the math. Shkreli raised $3 million for MSMB Capital and $5 million for MSMB Healthcare. He allegedly returned $3.4 million to investors from the settlement agreements, and $7.6 million from the consulting agreements. So his MSMB investors, in aggregate, put in $8 million and got back $11 million.That isn't exactly doubling their money, but it is a profit, which is pretty amazing when you remember that at least some of them were down 99.9 percent at one point. Obviously, prosecutors and the SEC and Retrophin all allege that Shkreli stole that $11 million from Retrophin, which is not at all a nice thing to do. But Retrophin shareholders, over all, are up too. Shkreli started it from scratch; it now has a market capitalization of over $750 million."

So nobody here has actually lost money. Retrophin investors made money. His hedge fund investors made money, although they may have to cough it up. Shkreli made money. He may ultimately get out of this with a couple years in jail and some restitution and fines, which isn't a catastrophic outcome. He may get a lot less than that, in fact. He will have to do some time. Conrad Black spent a few years in jail for the same thing, Dennis K at Tyco did time. But neither of them can say that nobody lost money, Martin can.