BTW, let me quote one of his investors, Lindsay Rosenwald:
Rosenwald testified that in 2012, Shkreli told him he was winding down MSMB Capital. And Shkreli offered Rosenwald the opportunity to roll over what Shkreli purported was by then Rosenwald’s $200,000 stake in MSMB Capital into Retrophin, a new drug company he was creating.
"I was given the option of taking the cash or taking the stock, I wanted the cash, I didn’t get the cash.”
Rosenwald testified that he later, over time, sold off his shares of Retrophin. He said that, taking into account his original stake of $100,000 in MSMB Capital, he did make a profit on those stock sales.
Asked how much, Rosenwald said, “Somewhere between $400,000 and $600,000, I think.”[1]
Another investor "realized a profit of almost $1.3 million after selling Retrophin shares it had acquired as a result of a $125,000 initial investment by that fund, Hassan testified."[2]
In short, Shkreli did lie to his investors because he lost their money in the failed hedge fund. However, when he made another business, he rolled their accounts into shares of that business which actually made them a pretty sizable profit.
I guess in this Cancel Culture era, the pious feel justified in the destruction of anybody they don't like.
[1] https://www.cnbc.com/2017/07/06/martin-shkreli-kept-hedge-fu... [2] https://www.cnbc.com/2017/06/29/investor-in-martin-shkreli-f...