Prosecutors within the case towards Martin Shkreli say ‘justice has been served’ with a responsible verdict in three of the eight counts towards him. (Aug. four)
Evan Greebel faces as much as 20 years in jail.
NEW YORK – A lawyer accused of serving to pharmaceutical entrepreneur Martin Shkreli cowl up monetary fraud was convicted on Wednesday, a end result a prosecutor stated ought to ship a “highly effective message” by way of the authorized career.
After an eleven-week trial, Scarsdale resident Evan Greebel was convicted by a federal jury in Brooklyn of conspiring to commit securities fraud and wire fraud. The forty four-yr-previous faces as much as 20 years in jail on the highest rely when he’s sentenced on a date to be decided.
Greebel’s lawyer, Reed Brodsky, stated they have been “shocked by the decision.”
“We’ll proceed to battle for justice for Evan Greebel and his household,” Brodsky stated by e-mail.
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U.S. Attorney Bridget M. Rohde said Greebel helped Shkreli steal millions of dollars and cover up Shkreli’s fraud while the hedge fund manager was chief executive of Retrophin Inc., a biopharmaceutical company.
“Today’s verdict sends a powerful message that this office, together with our law enforcement partners, will hold lawyers accountable when they use their legal expertise to facilitate the commission of crimes,” Rohde said in a release.
(Photo: Mark Wilson, Getty Images)
Greebel was Retrophin’s outside counsel from 2011 to 2014, when prosecutors say he conspired with Shkreli to misappropriate Retrophin’s assets to pay off defrauded investors. They said he also conspired with Shkreli between 2012 and 2014 to defraud investors and potential investors in Retrophin by trying to illegally control the price and trading volume of Retrophin’s stock.
Greebel took deliberate actions to help Shkreli defraud investors, FBI assistant director-in-charge William F. Sweeney said.
“While it’s become increasingly more evident that Greebel exploited his knowledge of the law in his efforts to break the law, today we finally see justice served in a case that’s spent no shortage of its time in the spotlight,” said Sweeney, the head of New York’s FBI office.
Shkreli, dubbed Pharma Bro, is perhaps best known for boosting the price of a life-saving drug and for trolling his critics on social media. He was convicted in August in an unrelated securities fraud scheme involving two hedge funds he ran and is incarcerated while awaiting sentencing.
He had brashly predicted in…