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DECEMBER 24, 2015 | The Jewish Home
– in December 2013, according to records filed with the Federal Election Commission. An audit released by the Clinton campaign showed the breach was more extensive than the Sanders campaign described, with at least 24 occasions when the Sanders campaign “saved” lists of Clinton data, from four different users. “We are asking that the Sanders campaign and the DNC work expeditiously to ensure that our data is not in the Sanders campaign’s account,” Clinton campaign spokesman Brian Fallon said. Clinton is currently in the lead with 60% support from Democrats while Sanders lags behind at 29%, according to a recent Reuters/Ipsos polling.
From Rags to Riches to a Jail Cell Martin Shkreli was young and successful. At the age of 32, he had
what most middle-aged American men only dream of: a highly successful business and seemingly lots of money and opportunity. Shkreli was the CEO of Turing Pharmaceuticals and a former hedge fund manager. However, instead of making headlines for charity like some of his peers, he earned the public’s disapproval earlier this year after he raised the price of a drug used to treat life-threating infection by more than 4,000%. When Shkreli increased the price of Daraprim, an anti-parasite drug, from $18 to $750, he was harshly criticized.
Now he is not only facing the public’s disapproval, he will be facing the judge’s gavel. On Thursday, Shkreli was arrested and accused of multiple charges of securities and wire fraud in what federal prosecutors call a “Ponzi
scheme” that spanned several years. Robert Capers, United States Attorney for the Eastern District of New York, told reporters that Shkreli allegedly defrauded investors in two hedge funds, MSMB Capital and MSMB Healthcare, and also plundered Retrophin, the biopharmaceutical company he ran as its CEO, in an effort to pay back debts related to the now-defunct hedge funds. Prosecutors allege that Shkreli lost all of the investments in MSMB Capital but continued to provide inflated and false performance updates to its investors. According to the indictment, Shkreli told one investor that the value of his $1.25 million investment was now worth slightly more than $1.3 million, even though MSMB Capital had ceased trading almost a year before and had no assets. “Shkreli essentially ran his company like a Ponzi scheme,” Capers told reporters, explaining that Shkreli then allegedly concealed the collapse of MSMB Capital from potential clients in order to get them to invest in MSMB Healthcare. Capers explained that Shkreli next proceeded to use the money invested in MSMB Healthcare
5 TOWNS KITCHEN & BATH
to pay off his previous debts. He is also accused of creating fraudulent transactions of money out of Retrophin in order to pay off personal and professional debts. Prosecutors say, as a result, Retrophin and its investors lost in excess of $11 million. “As alleged, Martin Shkreli engaged in multiple schemes to ensnare investors through a web of lies and deceit,” Capers told reporters. Retrophin filed a lawsuit against Shkreli in August, alleging he used the company to “enrich himself” and pay off claims to other investors, according to court documents. The company sought $65 million in damages from the former manager. Shkreli called the lawsuit allegations “untrue at best and defamatory at worst,” in a post on Investorshub.com. “I am evaluating my options to respond,” he said. “Every transaction I’ve ever made at Retrophin was done with outside counsel’s blessing.” Born in Brooklyn, New York, to immigrant parents who worked hard as janitors, Shkreli grew up in Sheepshead Bay and had big dreams. He and his siblings grew up on the top floor of six-story apartment building on