Stock and Bond Fraud, including Boiler Rooms / Pump and Dump Schemes, Mutual Fund & Hedge Fund Fraud, FOREX scams, plus Churning, Private Placements, Venture and Bridge Funding, IPOs, Viaticals Fraud, HYIP and Prime Bank scams, MTNs, Historical Notes, Recovery Schemes, etc. Includes the Jim Norman Project and the Michael Dotson Project and similar HYIP scams.
Federal prosecutors accuse Shkreli of engaging in a complicated shell game after a hedge fund he started lost millions. He is alleged to have made secret payoffs and set up sham consulting arrangements. A New York lawyer, Evan Greebel, also arrested early Thursday, is accused of conspiring with him.
Retrophin's board itself later ousted Shkreli, and in August sued him for $65 million, claiming he had looted the company to enrich himself and to pay off investors, whom he had allegedly defrauded, in a hedge fund he had run previously. Retrophin also disclosed it had received subpoenas from federal prosecutors in Brooklyn, a clear sign that authorities were interested in possible criminal conduct at the company.
Another Ex-Hedge Fund Manager up to no good. It is guys like this that bring bad publicity to the Hedge Fund sector. One thing that is clear, is that any Hedge Fund who does not have an independent administrator maintaining the books, and providing independent valuation investor monthly statements, is not something to invest in. Too much room for fun and games.
The Hardest Thing in the World to Understand is Income Taxes -Albert Einstein
Freedom's just another word for nothing left to lose - As sung by Janis Joplin (and others) Written by Kris Kristofferson and Fred Foster.
To quote a radio commercial for a product I decline to mention, a hedging tool is not just from trimming the lawn, although possibly such tools should be used on hedge fund managers.
The fact that you sincerely and wholeheartedly believe that the “Law of Gravity” is unconstitutional and a violation of your sovereign rights, does not absolve you of adherence to it.
This guy is going to face a judge and jury that already know about his price-gauging on a life-saving drug. He's facing StarTrek time even if he's charged with only an overdue library book.
fortinbras wrote:This guy is going to face a judge and jury that already know about his price-gauging on a life-saving drug. He's facing StarTrek time even if he's charged with only an overdue library book.
i dont think space will be his final frontier.....
peace,
ninj
whoever said laughter is the best medicine never had gonorrhea....
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