Martin Shkreli found guilty of fraud (as another Martin Shkreli arraigned for money laundering)

Self-proclaimed “pharma bro” Martin Shkreli has been convicted of securities fraud in Brooklyn federal court. A jury found Shkreli guilty of two counts of securities fraud and one count of conspiracy to commit securities fraud, and not guilty of five other charges, CNBC reports.

He faces up to 20 years in prison. Prosecutors said he misled investors in two hedge funds he ran, losing money and investing some of their funds in a separate pharmaceutical company called Retrophin, even as he...

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