KPIX CBS Evening News With Scott Pelley December 18, 2015 01:36:00
Misled his investors, boasting in a 2011 e-mail, that his hedge fund msmb, had returned 43% in just two years. in fact, the s.e.c. says, shkreli's fund had suffered $7 million in trading losses and had virtually no assets. a second hedge fund, msmb health care, also allegedly deceived investors, and the s.e.c. says shkreli then used retrophin, a pharmaceutical company he started and took public, to pay off the mounting losses in his funds. >> he used that power and the company assets to pay off his own personal debts. >> reporter: the charges do not include his actions at turing pharmaceutical...