Investors: Chair Fiddled and Ponzi-Like Scheme

investors: Federal prosecutor Alixandra Smith spent nearly four hours painstakingly reviewing evidence presented at the month-long trial and walking jurors through testimony from investors in minute detail, according to The Japan Times. Shkreli declined to testify and his lawyers led by star defense attorney Ben Brafman, whose roster of famous clients include disgraced former IMF boss Dominique Strauss-Kahn called no witnesses. The 34-year-old, who hunched over in his chair and fiddled with his hair, risks being jailed for up to 20 years if convicted of lying to investors and running a Ponzi-like scheme across multiple firms. ; Shkreli allegedly stole 11 million in stock from his first pharmaceutical company, Retrophin, to pay off investors who lost money in two of his hedge funds. There's just really overwhelming evidence the defendant lied to investors, Smith, an assistant U.S. attorney, told the jury. Smith said the defendant lied to investors for years, chopping and changing his story depending on what he thought they wanted to hear. We have shown the defendant is guilty beyond a reasonable doubt on all eight of the crimes on which he has been charged, she finished. (news.financializer.com). As reported in the news.