Shkreli Ordered by U.S. Judge to Forfeit Almost $7.4 Million
- Assets include E*Trade account, rare Wu-Tang Clan album
- Pharma Bro promised to be be honest if got break on sentence
Why Martin Shkreli Was Found Guilty of Fraud
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Martin Shkreli must turn over almost $7.4 million to the U.S., a judge ruled in a win for prosecutors who say the hedge-fund manager turned pharmaceutical executive cheated his investors.
The jailed convict is scheduled to be sentenced March 9 for lying to investors in his hedge funds about his track record and performance as well as a fraud that involved Retrophin Inc., a company he founded.