Fortune, 17 December 2015
After racking up losses while running hedge fund firm MSMB Capital Management, which made bets against biotech stocks, Shkreli formed a biotech company of his own called Retrophin (RTRX) in 2011. He effectively used the company as his own personal piggybank to pay back his and the MSMB funds’ debts, according to the charges brought by the FBI and a separate SEC complaint.
Comment: Now this story shows you how this thug gained the system was caught and it was not a big story HE SOLD Naked short 32,000,000 shares and they system didn’t even stop him. Just read how he sold 32 Million shares of stock naked short and Merrill let him Just try and sell 1 share of stock if its not in your account , Anyway Merrill had to be in bed with him to allow this to happen. Only when he walked away from trade did Merrill make a stink THIS shows you how a low level thug has gained the system and the bigger question is WHO taught him?