NEW YORK (AP) — Former pharmaceutical CEO Martin Shkreli has been convicted on federal charges he deceived investors in a pair of failed hedge funds.
A Brooklyn jury deliberated five days before finding Shkreli guilty on Friday on three of eight counts.
The 34-year-old Shkreli is notorious for a price-gouging scandal and for his snide “Pharma Bro” persona on social media, but the case focused on allegations that he blew investors’ money on bad stock picks before raiding his drug company of stock and cash to pay them back.
But the case was tricky for the government because wealthy investors conceded that Shkreli’s scheme actually succeeded in making them richer, in some cases doubling or even tripling their money.
08/04/2017 306 ORDER as to Evan Greebel. For the reasons set forth in the attached Memorandum and Order, the court (1) grants Mr. Greebel's 177 motion to strike the phrase "the defendant EVAN GREEBEL and" from the first sentence of paragraph seven of the Superseding Indictment and (2) denies his 177 motion to dismiss Count Eight of the Superseding Indictment. Ordered by Judge Kiyo A. Matsumoto on 8/4/2017. (Tata, Vivek) (Entered: 08/04/2017)
08/04/2017 305 Jury Verdict as to Martin Shkreli (Redacted). (Tata, Vivek) (Entered: 08/04/2017)
08/04/2017 Minute Entry for proceedings held before Judge Kiyo A. Matsumoto: Jury Trial as to Martin Shkreli held on 8/4/2017. AUSAs Jacquelyn Kasulis Esq., Alixandra Smith Esq., and Girish Karthik Srinivasan Esq. appeared for the government; Benjamin Brafman Esq., Marc A. Agnifilo Esq., Andrea Zellan Esq., Jacob Kaplan Esq., and Teny Rose Geragos Esq. appeared with Mr. Shkreli. All jurors were present. The jury deliberated and delivered a verdict. Defendant Martin Shkreli found not guilty on Counts 1, 2, 4, 5, and 7, and found guilty on Counts 3, 6, and 8. Jurors polled and dismissed. Defendants' post-trial motions shall be filed by September 8, 2017; the government shall file its opposition by October 6, 2017; and the defendant's reply is due by October 13, 2017. (Court Reporter: Michele Nardone.) (Tata, Vivek) (Entered: 08/04/2017)
U.S. District Court Eastern District of New York (Brooklyn)
CRIMINAL DOCKET FOR CASE #: 1:15-cr-00637-KAM All Defendants Case title: USA v. Shkreli et al Date Filed: 12/14/2015 Assigned to: Judge Kiyo A. Matsumoto
Defendant (1) Martin Shkreli represented by Marcus A. Asner Arnold & Porter LLP 399 Park Avenue New York, NY 10022 212-715-1000 Fax: 212-715-1399 Email: marcus.asner@aporter.com TERMINATED: 02/02/2016 LEAD ATTORNEY ATTORNEY TO BE NOTICED Designation: Retained
Andrea L. Zellan Brafman & Associates, P.C. 767 Third Avenue 26th Floor New York, NY 10017 212-750-7800 Fax: 212-750-3906 Email: azellan@braflaw.com ATTORNEY TO BE NOTICED Designation: Retained
Baruch Weiss Arnold & Porter LLP 601 Massachusetts Avneue, NW Washington, DC 20001 202-942-5000 Fax: 202-942-5999 Email: baruch.weiss@aporter.com TERMINATED: 02/02/2016 ATTORNEY TO BE NOTICED Designation: Retained
Benjamin Brafman Brafman & Ross, P.C. 767 Third Avenue 26th Floor New York, NY 10017 (212) 750-7800 Fax: (212) 750-3906 Email: bbrafman@braflaw.com ATTORNEY TO BE NOTICED Designation: Retained
Jacob Kaplan Brafman & Associates, P.C. 767 Third Avenue 26th Floor New York, NY 10017 (212)750-7800 Fax: (212)750-3906 Email: jkaplan@braflaw.com ATTORNEY TO BE NOTICED Designation: Retained
Marc A. Agnifilo Brafman & Associates 767 Third Avenue New York, NY 10017 212-750-7800 Fax: 212-750-3906 Email: magnifilo@braflaw.com ATTORNEY TO BE NOTICED Designation: Retained
Pending Counts Disposition CONSPIRACY TO COMMIT FRAUD- MSMB CAPITAL SCHEME (1) 18:371 and 3551 et seq.- Conspiracy to Commit Securities Fraud - MSMB Capital Scheme (1s) CONSPIRACY TO COMMIT WIRE FRAUD- MSMB CAPITAL SCHEME (2) 18:1349 and and 3551 et seq.- Conspiracy to Commit Wire Fraud - MSMB Capital Scheme (2s) SECURITIES FRAUD- MSMB CAPITAL SCHEME (3) 15:78j(b) and 78ff; 18:2 and 3551 et seq. - Securities Fraud - MSMB Capital Scheme (3s) CONSPIRACY TO COMMIT SECURITIES FRAUD- MSMB HEALTHCARE SCHEME (4) 18:371 and 3551 et seq.- Conspiracy to Commit Securities Fraud - MSMB Healthcare Scheme (4s) CONSPIRACY TO COMMIT WIRE FRAUD- MSMB HEALTHCARE SCHEME (5) 18:1349 and 3551 et seq.- Conspiracy to Commit Wire Fraud - MSMB Healthcare Scheme (5s) SECURITIES FRAUD- MSMB HEALTHCARE SCHEME (6) 15:78j(b)and 78ff; 18:2 and 3551 et seq. - Securities Fraud - MSMB Healthcare Scheme) (6s) CONSPIRACY TO COMMIT WIRE FRAUD- RETROPHIN SCHEME (7) 18:1349 and 3551 et seq.- Conspiracy to Commit Wire Fraud - Retrophin Scheme (7s) 18:371 and 3551 et seq. - Conspiracy to Commit Securities Fraud - Retrophin Unrestricted Securities Scheme (8s)
Highest Offense Level (Opening) Felony
Terminated Counts Disposition None
Highest Offense Level (Terminated) None
Complaints Disposition None Assigned to: Judge Kiyo A. Matsumoto
Defendant (2) Evan Greebel represented by Joel M. Cohen Gibson Dunn & Crutcher LLP 200 Park Avenue 47th Floor New York, NY 10166 212-351-4000 Fax: 212-351-4035 Email: jcohen@gibsondunn.com LEAD ATTORNEY ATTORNEY TO BE NOTICED Designation: Retained
Benjamin Sean Fischer Morvillo, Abramowitz, Grand, Iason, et al 565 5th Avenue New York, NY 10017 212-880-9585 Fax: 212-856-9494 Email: bfischer@maglaw.com TERMINATED: 03/11/2016 ATTORNEY TO BE NOTICED Designation: Retained
Jonathan S. Sack Morvillo, Abramowitz, Grand Iason & Anello P.C. 565 Fifth Avenue New York, NY 10017 212-856-9600 Fax: 212-856-9494 Email: jsack@maglaw.com TERMINATED: 03/11/2016 ATTORNEY TO BE NOTICED Designation: Retained
Lisa Heather Rubin Gibson, Dunn & Crutcher LLP 200 Park Avenue New York, NY 10166 212-351-4000 Fax: 212-351-4035 Email: lrubin@gibsondunn.com ATTORNEY TO BE NOTICED Designation: Retained
Reed M. Brodsky Gibson, Dunn & Crutcher LLP 200 Park Avenue New York, NY 10166 212-351-4000 Fax: 212-351-4035 Email: rbrodsky@gibsondunn.com ATTORNEY TO BE NOTICED Designation: Retained
Winston Y. Chan Gibson, Dunn & Crutcher LLP 555 Mission Street Suite 3000 San Francisco, CA 94105 415-393-8200 Fax: 415-393-8306 Email: wchan@gibsondunn.com ATTORNEY TO BE NOTICED Designation: Retained
Pending Counts Disposition CONSPIRACY TO COMMIT WIRE FRAUD- RETROPHIN SCHEME (7) 18:1349 and 3551 et seq.- Conspiracy to Commit Wire Fraud - Retrophin Scheme (7s) 18:371 and 3551 et seq. - Conspiracy to Commit Securities Fraud - Retrophin Unrestricted Securities Scheme (8s)
Highest Offense Level (Opening) Felony
Terminated Counts Disposition None
Highest Offense Level (Terminated) None
Complaints Disposition None
Plaintiff USA represented by Winston M. Paes United States Attorneys Office Eastern District of New York 271 Cadman Plaza East Brooklyn, NY 11201 718-254-6023 Fax: 718-254-7499 Email: winston.paes@usdoj.gov LEAD ATTORNEY ATTORNEY TO BE NOTICED Designation: Government Attorney
Alixandra Eleis Smith United States Attorney's Office 271 Cadman Plaza East Brooklyn, NY 11201 718-254-6370 Fax: 718-254-6076 Email: alixandra.smith@usdoj.gov ATTORNEY TO BE NOTICED
Claire S. Kedeshian United States Attorneys Office Eastern District of New York 271 Cadman Plaza East Brooklyn, NY 11201-1820 (718) 254-7000 Fax: (718) 254-6081 Email: claire.kedeshian@usdoj.gov ATTORNEY TO BE NOTICED
David K. Kessler United States Attorney's Office 271 Cadman Plaza East Brooklyn, NY 11201 718-254-7202 Fax: 718-254-6076 Email: david.kessler@usdoj.gov ATTORNEY TO BE NOTICED
Girish Karthik Srinivasan U.S. Attorney's Office Eastern District Of New York 271 Cadman Plaza East Brooklyn, NY 11201 718-254-6013 Fax: 718-254-6076 Email: karthik.srinivasan@usdoj.gov ATTORNEY TO BE NOTICED
Jacquelyn M. Kasulis United States Attorneys Office 271 Cadman Plaza East Brooklyn, NY 11201 718-254-6103 Fax: 718-254-6076 Email: jacquelyn.kasulis@usdoj.gov ATTORNEY TO BE NOTICED
Market Data 
Markets 
AI
