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30-06-2017, 05:29 PM
Shkreli’s Hedge Fund Went From Success to Bust in 31 Minutes
By Patricia Hurtado and Misyrlena Egkolfopoulou
June 30, 2017, 3:38 AM GMT+8 Updated on June 30, 2017, 6:16 AM GMT+8
In 31 minutes a hedge fund managed by Martin Shkreli in 2012 went from a roaring success to an empty shell, one of his investors told a jury.
Sarah Hassan, 27, who gave Shkreli $300,000 to invest, said she got an email at 8:13 p.m. on Sept. 9, 2012, saying she was up $135,000, a return of 45 percent. At 8:44 p.m., Shkreli sent out a second email notifying Hassan and other investors he was shutting the fund down.
"We went through operational mishaps," Shkreli said in the email. "There is no longer any cash in the funds."
More details in https://www.bloomberg.com/news/articles/...31-minutes
By Patricia Hurtado and Misyrlena Egkolfopoulou
June 30, 2017, 3:38 AM GMT+8 Updated on June 30, 2017, 6:16 AM GMT+8
In 31 minutes a hedge fund managed by Martin Shkreli in 2012 went from a roaring success to an empty shell, one of his investors told a jury.
Sarah Hassan, 27, who gave Shkreli $300,000 to invest, said she got an email at 8:13 p.m. on Sept. 9, 2012, saying she was up $135,000, a return of 45 percent. At 8:44 p.m., Shkreli sent out a second email notifying Hassan and other investors he was shutting the fund down.
"We went through operational mishaps," Shkreli said in the email. "There is no longer any cash in the funds."
More details in https://www.bloomberg.com/news/articles/...31-minutes
Specuvestor: Asset - Business - Structure.
