Humanigen Inc (HGENQ)

[shajandr]

Ya see, the thang is that a good lawyer, like John Keker, can cite many examples of 'legitimate' corporations and corporate boards and officers doing things very similar to what Shkreli is accused of.

That is why the prosecutors can't call it a real Ponzi scheme, because it isn't a Ponzi scheme as that term has been used in other cases.

What Shkreli did may be 'like' a Ponzi scheme, butt it can also be 'like' a lot of corporate actions that 'prestige name' corporations and even guys like Boone Pickens and other raiders and greenmailers (and the companies that paid them to go away) have done.

There's a ton of shades of grey between a straight-up pump&dump and a straight-up cash-based Ponzi scheme.

Shkreli falls somewhere in those shades of grey. Even the US Attorney admits that by his weasel wording.