Shkreli’s lawyer says investors were experts who knew the risk
After prosecutors labeled “Pharma Bro” Martin Shkreli a compulsive liar in closing statements of his securities fraud trial, Shkreli’s lawyer told jurors Friday that the allegedly misled investors were hedge fund experts who knew the risk of investing.
“These are expert investors,” Shkreli’s lawyer, Benjamin Brafman said in closing statements. “There was nothing about what Martin said that caused them to invest.”
While Shkreli, 34, is best known for increasing the price of a life-saving drug by 5,000 percent and trolling his critics online, his federal court trial centers around two hedge funds he ran.