Securities Fraud Probe Nabs Shkreli Attorney
Securities Fraud Probe Nabs Shkreli Attorney
A federal jury in Brooklyn, NY convicted attorney Evan Greebel of conspiracy to commit securities fraud last month. Greebel served as an attorney for Martin Shkreli, a pharmaceutical executive convicted on securities fraud charges in August.

According to federal prosecutors, Greebel conspired with Shkreli to create phony settlement and consulting contracts. The contracts were part of a larger fraud involving Shkreli’s biotech firm, Retrophin.Prosecutors allege that Shkreli, a former hedge fund manager, gambled investor money in risky trades. The pair then used Retrophin’s assets to repay the investors and conceal the losses.

A federal grand jury indicted Shkreli and Greebel at the same time, but the two men received separate trials. Prior to his conviction, Greebel worked as outside counsel at a New York law firm. Prosecutors presented emails and other evidence to show that the pair conspired to engage in fraud.

The jury convicted Greebel of conspiracy to commit securities fraud and conspiracy to commit wire fraud. The judge in the case ordered Greebel held while awaiting sentencing. His attorneys are asking the judge to reopen the case, based on reports of potential juror misconduct during the trial. According to Greebel’s lawyers, one juror expressed a desire to see additional evidence, but was denied. They also say that jurors read news accounts related to Martin Shkreli’s conviction, which biased them against Greebel. He faces up to 25 years in prison when he returns to court for sentencing.

Securities fraud attorney


When you face securities fraud charges, hire an experienced attorney like Robert Helfend. Mr. Helfend has more than 30 years of criminal courtroom defense experiences. He takes cases in any federal circuit in the United States.

Securities fraud charges, wire fraud charges and conspiracy charges are serious because they can lead to long prison sentences. Don’t rely on an inexperienced attorney and don’t wait to begin creating your defense. Contact Robert Helfend or call toll-free at (800) 834-6434, (310) 456-3317, (818) 591-2809 or (805) 273-5611 for an immediate consultation on your Los Angeles County securities fraud/DUI case.

Photo Credit: Victor, via Flickr.com

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