Investor Testifies In Martin Shkreli Trial

Hedge Funds
by youtube.com posted 6years ago 500 views
According to Reuters, an investor in Martin Shkreli's hedge fund testified this week that the former drug company executive, now on trial for securities fraud in federal court in New York, reminded him of Dustin Hoffman's autistic character in the movie "Rain Man." They further explained, "The reference here was that this was just an intensely focused, bright guy who knew his stuff." Shkreli's charges stem from his management of hedge fund MSMB Capital Management, another fund called MSMB Healthcare and drug company Retrophin between 2009 and 2014. Prosecutors say he deceived investors in the funds and eventually repaid them with money stolen from Retrophin, which Shkreli founded in 2011 but was ousted from as CEO in 2014. 

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