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Former Drug Company Exec Martin Shkreli Convicted of Fraud

by Reuters

   NEW YORK --

   Former drug company executive Martin Shkreli was convicted of fraud by
   jurors in a U.S. court in Brooklyn on Friday, after a highly
   publicized, monthlong trial.

   Federal prosecutors had accused the 34-year-old of defrauding investors
   in his hedge funds and stealing from his old drug company, Retrophin
   Inc., to pay them back.

   Shkreli was convicted on two counts of securities fraud and one count
   of conspiracy. He was found not guilty on five other counts.