Karma

Sorry - hit dislike by accident. But soooooo glad to see that scumbag arrested.
 
Here's a example of the kind of sneaky unethical fraud that scumbag Martin Shkerli got up to:

MSMB Capital Management (Shkerli now defunct hedge fund) made a $900,000 investment in Retrophin. Afterward, on February 1, 2012, the investment was reclassified as a loan. That would be as if an investor purchased a share in Microsoft and then later demanded full repayment of the purchase price plus interest, regardless of the market price for the stock.

The $900,000 plus interest was returned to MSMB on March 31, 2013. That same day, another $575,000 was paid to Shkreli as a purported performance bonus; all of that money, in fact, allegedly went directly to pay for settlement of arbitration against MSMB and Shkreli. Then, according to the data obtained by the government, the company paid or forgave another $1.2 million of obligations primarily for the benefit of MSMB, none of which was disclosed.



 
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