3:59 PM 08/04/2017
By Brendan Pierson
NEW YORK (Reuters) – Martin Shkreli was convicted of fraud by jurors in a U.S. court in Brooklyn on Friday, in a blow for the controversial former drug company and hedge fund executive, who had forcefully and repeatedly proclaimed his innocence.
Jurors found Shkreli guilty of two counts of securities fraud and one count of conspiracy, but acquitted him of five other conspiracy counts he had faced.
Federal prosecutors had accused the 34-year-old of defrauding investors in his hedge funds and stealing from his old drug company, Retrophin Inc , to pay them back.