19 APR

Being hated pays off for Shkreli: Judge shows pity, grants him separate trial

Martin Shkreli will have his federal securities fraud trial separated from that of his former counsel and co-defendant Evan Greebel, US District Judge Kiyo Matsumoto wrote in an order filed Wednesday.

Shkreli and Greebel were jointly indicted by the FBI in December of 2015 on allegations that they ran an elaborate Ponzi-like scheme to defraud investors of hedge funds that Shkreli formerly managed and siphoned $ 11 million in assets from Shkreli’s former biopharmaceutical company, Retrophin.

Since then, both Shkreli and Greebel have pled ‘not guilty’ and asked the court to have their trials separated. They have made it clear that they intend to point fingers at each other in the cases.

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Ars Technica

Post Author: martin

Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.