Hedge Fund News From HedgeCo.Net

Shkreli Claimed to Have $100 Million While Overdrawn on Fund

(Bloomberg) Martin Shkreli boasted to potential clients in his hedge funds that he was managing as much as $100 million. In reality, prosecutors say, the net asset value of his fund MSMB Capital at one point fell to minus 33 cents, and never held more than $1.2 million.

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