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Shkreli Lawyer Prepares Flashy Closing, While Government Plays It Straight

2017-07-29 2 Dailymotion

Shkreli Lawyer Prepares Flashy Closing, While Government Plays It Straight<br />“Why did he sleep in his office in a sleeping bag for two years to make Retrophin a dazzling success?”<br />And he presented posters showing that, in total, MSMB investors testified<br />that they made more than three times their invested money once Mr. Shkreli paid them back with some combination of cash and Retrophin stock.<br />She argued that Mr. Shkreli lost all of his investors’ money in one fund, then used<br />the second hedge fund to funnel money into the pharmaceutical company Retrophin.<br />All along, he had been telling investors their funds were humming along,<br />and when it came time to pay investors, to cover up his lies, he arranged payments through Retrophin, which “was not on the hook for any of this,” she said.<br />He sent statements until September 2012 — when, in fact, MSMB Capital shut down its brokerage firm account<br />after a bad trade in February 2011, when “there was nothing left in the fund,” Ms. Smith said<br />He noted that “every single witness said there’s something wrong with Martin Shkreli.”<br />Mr. Brafman also called him “one of the most brilliant minds of his generation,” bringing up the drugs<br />that Mr. Shkreli had worked on and warning jurors that “you need to be right before you snuff that out” with a felony conviction.

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