{"id":2135,"date":"2018-03-13T12:37:47","date_gmt":"2018-03-13T17:37:47","guid":{"rendered":"https:\/\/www.institutionalinvestorsecuritiesblog.com\/?p=2135"},"modified":"2022-03-22T15:56:41","modified_gmt":"2022-03-22T20:56:41","slug":"securities-industry-headlines-convicted-hedge-fund-manager-martin-shkreli-gets-seven-years-zohar-investment-funds-file-bankruptcy-protection-fired-morgan-stanley-investment-adviser-34m","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/securities-industry-headlines-convicted-hedge-fund-manager-martin-shkreli-gets-seven-years-zohar-investment-funds-file-bankruptcy-protection-fired-morgan-stanley-investment-adviser-34m\/","title":{"rendered":"Securities Industry Headlines: Convicted Hedge Fund Manager Martin Shkreli Gets Seven Years, Zohar Investment Funds File for Bankruptcy Protection, and Ex-Morgan Stanley Investment Adviser Named in $34M Securities Arbitration Loss Lands at Pinnacle"},"content":{"rendered":"<p>&nbsp;<\/p>\n<h2><strong>Martin Shkreli to Go to Prison for Seven Years<\/strong><\/h2>\n<p>A federal judge has sentenced former hedge fund manager Martin Shkreli to seven years behind bars. Shkreli was found guilty of defrauding investors of his MSMB Capital Management hedge fund while manipulating the stock of his drug company Retrophin.<\/p>\n<p>His defense team had fought for a lower sentence\u201412 to 18 months. They pointed out that ultimately none of the investors that Shkreli bilked lost money and he didn\u2019t profit from his fraud. Prosecutors countered that, in fact, Shkreli had caused anywhere from $9M to $20M in losses.<\/p>\n<p>A few days before his criminal sentence was issued, Judge Kiyo Matsumoto ordered that about $7.36M of the ex-hedge fund manager&#8217;s assets be surrendered, including a rare Wu-Tang Clan album that he purchased for $2M. Shkreli\u2019s legal team plans to appeal the sentence.<\/p>\n<p> <a href=\"https:\/\/www.investorlawyers.com\/blog\/securities-industry-headlines-convicted-hedge-fund-manager-martin-shkreli-gets-seven-years-zohar-investment-funds-file-bankruptcy-protection-fired-morgan-stanley-investment-adviser-34m\/#more-2135\" class=\"more-link\">Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Martin Shkreli to Go to Prison for Seven Years A federal judge has sentenced former hedge fund manager Martin Shkreli to seven years behind bars. Shkreli was found guilty of defrauding investors of his MSMB Capital Management hedge fund while manipulating the stock of his drug company Retrophin. His defense team had fought for [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3752,3748,3787],"tags":[2968,2994,2974],"class_list":["post-2135","post","type-post","status-publish","format-standard","hentry","category-financial-firms","category-hedge-funds","category-morgan-stanley","tag-defrauding","tag-securities","tag-securities-cases"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Securities Industry Headlines: Convicted Hedge Fund Manager Martin Shkreli Gets Seven Years, Zohar Investment Funds File for Bankruptcy Protection, and Ex-Morgan Stanley Investment Adviser Named in $34M Securities Arbitration Loss Lands at Pinnacle | SSEK Law Firm Blog<\/title>\n<meta name=\"description\" content=\"A federal judge has sentenced former hedge fund manager Martin Shkreli to seven years behind bars. Shkreli was found guilty of defrauding investors of his MSMB Capital Management hedge fund while manipulating the stock of his drug company Retrophin. Read more cases.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/securities-industry-headlines-convicted-hedge-fund-manager-martin-shkreli-gets-seven-years-zohar-investment-funds-file-bankruptcy-protection-fired-morgan-stanley-investment-adviser-34m\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Securities Industry Headlines: Convicted Hedge Fund Manager Martin Shkreli Gets Seven Years, Zohar Investment Funds File for Bankruptcy Protection, and Ex-Morgan Stanley Investment Adviser Named in $34M Securities Arbitration Loss Lands at Pinnacle | SSEK Law Firm Blog\" \/>\n<meta name=\"twitter:description\" content=\"A federal judge has sentenced former hedge fund manager Martin Shkreli to seven years behind bars. Shkreli was found guilty of defrauding investors of his MSMB Capital Management hedge fund while manipulating the stock of his drug company Retrophin. Read more cases.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Securities Industry Headlines: Convicted Hedge Fund Manager Martin Shkreli Gets Seven Years, Zohar Investment Funds File for Bankruptcy Protection, and Ex-Morgan Stanley Investment Adviser Named in $34M Securities Arbitration Loss Lands at Pinnacle | SSEK Law Firm Blog","description":"A federal judge has sentenced former hedge fund manager Martin Shkreli to seven years behind bars. 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Shkreli was found guilty of defrauding investors of his MSMB Capital Management hedge fund while manipulating the stock of his drug company Retrophin. Read more cases.","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/securities-industry-headlines-convicted-hedge-fund-manager-martin-shkreli-gets-seven-years-zohar-investment-funds-file-bankruptcy-protection-fired-morgan-stanley-investment-adviser-34m\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/securities-industry-headlines-convicted-hedge-fund-manager-martin-shkreli-gets-seven-years-zohar-investment-funds-file-bankruptcy-protection-fired-morgan-stanley-investment-adviser-34m\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Securities Industry Headlines: Convicted Hedge Fund Manager Martin Shkreli Gets Seven Years, Zohar Investment Funds File for Bankruptcy Protection, and Ex-Morgan Stanley Investment Adviser Named in $34M Securities Arbitration Loss Lands at Pinnacle","datePublished":"2018-03-13T17:37:47+00:00","dateModified":"2022-03-22T20:56:41+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/securities-industry-headlines-convicted-hedge-fund-manager-martin-shkreli-gets-seven-years-zohar-investment-funds-file-bankruptcy-protection-fired-morgan-stanley-investment-adviser-34m\/"},"wordCount":700,"keywords":["defrauding","securities","Securities Cases"],"articleSection":["Financial Firms","Hedge Funds","Morgan Stanley"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/securities-industry-headlines-convicted-hedge-fund-manager-martin-shkreli-gets-seven-years-zohar-investment-funds-file-bankruptcy-protection-fired-morgan-stanley-investment-adviser-34m\/","url":"https:\/\/www.investorlawyers.com\/blog\/securities-industry-headlines-convicted-hedge-fund-manager-martin-shkreli-gets-seven-years-zohar-investment-funds-file-bankruptcy-protection-fired-morgan-stanley-investment-adviser-34m\/","name":"Securities Industry Headlines: Convicted Hedge Fund Manager Martin Shkreli Gets Seven Years, Zohar Investment Funds File for Bankruptcy Protection, and Ex-Morgan Stanley Investment Adviser Named in $34M Securities Arbitration Loss Lands at Pinnacle | SSEK Law Firm Blog","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2018-03-13T17:37:47+00:00","dateModified":"2022-03-22T20:56:41+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"A federal judge has sentenced former hedge fund manager Martin Shkreli to seven years behind bars. 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