We are presently awaiting reliable word on what Mr. Hassan was asked — on direct — but I would bet it included confirming the testimony of his daughter, of yesterday.
That testimony said that Mr. Shkreli was throwing the elder Mr. Hassan’s name around, to try and woo investors in Mr. Shkreli’s various ventures — and was doing so with a knowing (mens re) falsity. That, I bet is what he’s here to confirm — since Mr. Brafman so helpfully opened the door (for the prosecution), by berating the witness yesterday, on truthfulness, among other matters.
Meanwhile, Mr. Shkreli took the lunch break to berate the press pool, in the overflow room — calling the Eastern District of NY US Attorney’s Office the “Junior Varsity” team… before Mr. Brafman could drag him away. Charming.
Dan Mangan @_DanMangan 33m33 minutes ago
#MartinShkreli said he didn’t consider taking any deal that may have been offered him from @EDNYnews…
Condor opines: That would be because it is likely that the only offer was… “here’s an orange jumpsuit…. Go do 20. That’s our firm and final deal/offer.” Heh.
We will of course report, when we know more — but consider this a great placeholder.
Off-grid for a bit now — may not update this, until the end of the day, today. So do check MSM reports (mentioned in tweet at right) by about 3 PM EDT.
[Updated: Do read the 300 or so comments, to the last four posts, to get up to speed — great work, team!
Court is adjourned until 9 AM EDT on July 5, 2017 — have a great — but safe — one, one and all! Keep smiling — and enjoying your… freedom!]
नमस्ते
BLMBro exchange w @matthewherper
https://twitter.com/blmbro/status/880603386181300225
LikeLiked by 1 person
https://twitter.com/blmbro/status/880942142105022464
LikeLiked by 1 person
I can’t believe he thinks people are that stupid…….but he’s right about the media. They still haven’t caught on that it is martin. And you can tell it is martin because how fixated he is on people who are critical on him as a businessman.
You can also tell because there is video footage of him typing on twitter under Blmbro. lol 🙂
Btw, can we talk about how tasteless it is to joke about black lives matter movement with his screen name? I think people don’t get that the movement itself is to bring awareness that Black life is worth any life in our nation. It has nothing to do with “But what about me? You think your special? I have people dying,too ” There is no insult to any other community, it has to do with the fact of the negligence & disregard of that section of society. That’s why the movement exists.
LikeLiked by 2 people
Agreed as to all… nicely done. Working on a new post — week one rumination up this afternoon — after a workout…
LikeLike
FTD did you record his live stream? He sent a tweet while streaming his screen! If you have it and can find that clip… send it to @jack and @BLMbro. 🙂
LikeLike
Heads up! New (longish) post up in a few… finishing graphics now…
LikeLiked by 1 person
Nice tease! :). It’s been 15 min… where I’m from a few is 2-3. :). To answer your next question, no it’s not free enough for me! Just kidding Condor. Look forward to it as always.
LikeLiked by 1 person
FYI, martin does have others besides him posting on that acct.
LikeLiked by 1 person
Thanks man!
LikeLike
How did we all miss this from Feb 2016?
http://nymag.com/daily/intelligencer/2016/02/10-most-punchable-faces-of-martin-shkreli.html?utm_medium=web&utm_campaign=misclinks&utm_source=article_body&utm_content=intra
LikeLiked by 1 person
Did youtube block him again? Or did his lawyers call up youtube to shut down the livestream? 🙂
LikeLiked by 1 person
Hmmm the screen went black. 🙂
LikeLiked by 1 person
Alright, everyone. The Stream has started, put it on in the background. 🙂
Nothing yet 🙂
LikeLiked by 1 person
LikeLiked by 1 person
Condor, you’re right. Ben can’t control him AT ALL.
LikeLiked by 1 person
If I’m reading this correctly, Brafman seems super-pissed. And there’s a big rift between Brafman and Shkreli, which can be good in the middle of a trial.
LikeLiked by 2 people
Brafman thought bubble: “you miserable little cash-poor sh*t, you can do anything you want after you finish paying my bill, which just went up”
LikeLiked by 1 person
Sorry. Meant…”which can’t be good…”
Although it could be good for high drama.
LikeLiked by 2 people
What in Blue Blazes is Brafman going to do? All it takes is one reporter to get Martin more than agitated but red faced anger if he reports on something too close to the truth.
LikeLiked by 1 person
Shkreli Tweets
Wittness: Josiah Austin
@_DanMangan
https://twitter.com/_DanMangan/status/880797128938881024
https://twitter.com/_DanMangan/status/880798104659927044
https://twitter.com/_DanMangan/status/880798490519121921
https://twitter.com/_DanMangan/status/880798595615772672
https://twitter.com/_DanMangan/status/880798740252110848
https://twitter.com/_DanMangan/status/880799144624967682
https://twitter.com/_DanMangan/status/880799265475497984
https://twitter.com/_DanMangan/status/880799425668448256
https://twitter.com/_DanMangan/status/880799714052112384
https://twitter.com/_DanMangan/status/880799831043821568
https://twitter.com/_DanMangan/status/880800051660017664
https://twitter.com/_DanMangan/status/880800277972086784
https://twitter.com/_DanMangan/status/880800451557511170
https://twitter.com/_DanMangan/status/880800698404929540
https://twitter.com/_DanMangan/status/880800889094778880
https://twitter.com/_DanMangan/status/880801003645399045
https://twitter.com/_DanMangan/status/880801299238965249
https://twitter.com/_DanMangan/status/880801509017088000
https://twitter.com/_DanMangan/status/880801723698302976
https://twitter.com/_DanMangan/status/880801864912179200
https://twitter.com/_DanMangan/status/880802074635718656
https://twitter.com/_DanMangan/status/880802349111009280
https://twitter.com/_DanMangan/status/880802538148302848
https://twitter.com/_DanMangan/status/880802689503956993
https://twitter.com/_DanMangan/status/880802839286751235
https://twitter.com/_DanMangan/status/880803271778217985
https://twitter.com/_DanMangan/status/880805171617558530
https://twitter.com/_DanMangan/status/880810343949381632
https://twitter.com/_DanMangan/status/880814556985139200
https://twitter.com/_DanMangan/status/880815791859539968
https://twitter.com/_DanMangan/status/880816227106660352
https://twitter.com/_DanMangan/status/880844281803661313
LikeLiked by 1 person
http://www.cnbc.com/video/2017/06/30/pharma-executive-testifies-at-martin-shkreli-trial.html
LikeLiked by 1 person
Shkreli Trial Tweets
@_DanMangan & @megtirrell
Wittness: Fred Hassan
https://twitter.com/_DanMangan/status/880816227106660352
https://twitter.com/_DanMangan/status/880880322551873536
LikeLiked by 1 person
https://twitter.com/_DanMangan/status/880896600750645248
LikeLiked by 1 person
WTF??? Was that a threat?
LikeLike
So after claiming repeatedly that he’s not autistic, Shkreli compares himself to an autistic character. WTF, indeed.
LikeLiked by 2 people
For Posterity
Shkreli Tweets
Wittness: Josiah Austin
@_DanMangan
https://twitter.com/_DanMangan/status/880797128938881024
https://twitter.com/_DanMangan/status/880798104659927044
https://twitter.com/_DanMangan/status/880798490519121921
https://twitter.com/_DanMangan/status/880798595615772672
https://twitter.com/_DanMangan/status/880798740252110848
https://twitter.com/_DanMangan/status/880799144624967682
https://twitter.com/_DanMangan/status/880799265475497984
https://twitter.com/_DanMangan/status/880799425668448256
https://twitter.com/_DanMangan/status/880799714052112384
https://twitter.com/_DanMangan/status/880799831043821568
https://twitter.com/_DanMangan/status/880800051660017664
https://twitter.com/_DanMangan/status/880800277972086784
https://twitter.com/_DanMangan/status/880800451557511170
https://twitter.com/_DanMangan/status/880800698404929540
https://twitter.com/_DanMangan/status/880800889094778880
https://twitter.com/_DanMangan/status/880801003645399045
https://twitter.com/_DanMangan/status/880801299238965249
https://twitter.com/_DanMangan/status/880801509017088000
https://twitter.com/_DanMangan/status/880801723698302976
https://twitter.com/_DanMangan/status/880801864912179200
https://twitter.com/_DanMangan/status/880802074635718656
https://twitter.com/_DanMangan/status/880802349111009280
https://twitter.com/_DanMangan/status/880802538148302848
https://twitter.com/_DanMangan/status/880802689503956993
https://twitter.com/_DanMangan/status/880802839286751235
https://twitter.com/_DanMangan/status/880803271778217985
https://twitter.com/_DanMangan/status/880805171617558530
https://twitter.com/_DanMangan/status/880810343949381632
https://twitter.com/_DanMangan/status/880814556985139200
https://twitter.com/_DanMangan/status/880815791859539968
https://twitter.com/_DanMangan/status/880816227106660352
https://twitter.com/_DanMangan/status/880844281803661313
LikeLiked by 1 person
HAHA Someone asked: “is that BLMbro account, is that really you on twitter?”
The live stream the other night confirmed it… He tweeted on video on that account. (I feel dirty for having seen it, but I did)
LikeLiked by 2 people
Brafman on CNBC. “Martin won’t ever be talking to the press again”
LikeLiked by 1 person
Hah! Wanna bet, on that, Mr. Brafman?
Ben cannot control Marty.
That much is painfully obvious — he will go off the reservation again, and soon I bet.
LikeLiked by 1 person
Condor, isn’t it an issue (at least ethically) when you run a hedge fund to take assets from said hedge fund and start your own pharma company and not disclose the potential conflicts that would present?
LikeLiked by 1 person
More than ethically — this is the crux of the government’s case.
Marty treated everything as though it was his own piggy bank. It’s a classic case. Those assets were “under management” — not his personally. He had fiduciary duties to these investors. Almost to a certainty, he breached those legal fiduciary duties.
And… we will learn in coming weeks, that in at least one case, he simply gave investors a disclosure document for ANOTHER fund, with the names changed (by Marty) — and then told them a reputable law firm had prepared it.
That firm says Shkreli stole its work product form the prior fund, made inaccurate (and damaging, to investor interests) changes, and then claimed it was the reputable law firm’s own work.
Marty doesn’t even know enough to tell plausible lies — which is what Fast Fred meant when he called him a “homework guy” — not very knowledgeable.
LikeLiked by 1 person
Having a hard time following Brafman’s cross of Fred Hassan. What’s the point here? To show that Hassan knew he was on $RTRX board and is lying about it now? And/or to show that Hassan, through his daughter, “invested” in $RTRX via shares given to daughter by Shkreli in lieu of MSMB cash? If either, it seems a long, circuitous way to go to establish some connection between Fred Hassan and Shkreli that might not really matter in the end or, most important, to the jury.
LikeLiked by 2 people
Their only course of action is to exhaust the jury with details, that’s how i see it.
LikeLiked by 1 person
Who was live tweeting the government questions of F. Hassan? I haven’t seen much on that so far.
LikeLiked by 1 person
@megtirrell is.
LikeLiked by 1 person
Wasn’t F. Hassan the Govt wittness? Don’t they go first? I didn’t see anything in tweets on that? Or am I wrong did the defense go first?
LikeLiked by 1 person
You are right. See other replies.
LikeLike
FYI — Those are defense (cross ex) questions; but we should hear redirect by government soon…
LikeLike
I think the Wa Po or NYT is doing an exclusive on that portion of it, tonight — so they are holding it — until they get theirs out. Could also be the WSJ. We shall see.
This is call protecting the lead… smile.
LikeLiked by 1 person
https://giphy.com/gifs/Qf8g6hqp6xshW/html5
LikeLiked by 1 person
I agree Doc… This defense seems to be quite thin so far. For the “High Powered” reputation Brafman had, I’m a little let down that he’s not making more sense. Maybe he’s playing defense on something the Govt might hit him with later. Re: claims of F. Hassan being an RTRX investor/board member.
LikeLiked by 2 people
His problem is… he’s got nuthin’…
LikeLiked by 1 person
OK Condor… In your experienced opinion. How do you think it’s going for Martin at this point?
on a scale of 1 to 10? 1 = he gets no jail time, 5 = 10yrs, 10 = 20yrs. I guess simply, is this going better or worse for Marty than you thought going in, or about what you thought?
LikeLiked by 1 person
5
LikeLiked by 1 person
About the same…
LikeLiked by 1 person
He’s trying to “make true” — years after the fact — that Mr. Shkreli didn’t outright lie when he repeatedly claim Fred Hassan was an investor of his.
But yesterday, Sarah Hassan said she had to repeatedly remind Martin that this was her fund — she’s an adult, savvy hedge fund manager — and not her father’s.
Of course — Fast Fred’s is the more widely known name. So Mr. Shkreli’s motive to fabricate, especially when he was running on vapor in both of his own hedge funds… is obvious.
I strongly suspect that Mr. Hassan’s direct testimony (though we don’t have it yet), for the prosecution — was largely to confirm the deceptions his daughter described, all as made by/about Martin…
Great stuff!
LikeLike
But why is that a bigger issue than doctoring statements etc.? Also, why are they trying to say Marty “rolled over” S. Hassan’s investment into MSMB Capital without her permission to fund the RTRX startup? Is that any better legally than what actually happened? (i.e. He lied and told her the $300,000 had grown to $430,000… when it was actually gone. {poof})
LikeLiked by 2 people
“But yesterday, Sarah Hassan said she had to repeatedly remind Martin that this was her fund — she’s an adult, savvy hedge fund manager — and not her father’s.”
Is she really Condor? A savvy hedge fund manager? She invested money with Martin Freakin’ Shkreli 🙂 and did little to no background investigation… Or she would have notice the prior fund bust. Wouldn’t she have?
LikeLiked by 1 person
The whole Fred Hassan angle seems like a Shkreli-fueled personal vendetta that’s really off-point from the trial and indictments. But maybe I’m missing something. Even if there were a relationship, who cares? Why would that be germane to Shkreli’s overall defense, other than for Shkreli to say that he wasn’t lying about Fred Hassan being on $RTRX board?
It appears that Brafman is testing the judge’s patience today:
https://twitter.com/_DanMangan/status/880880322551873536
LikeLiked by 1 person
All of this is right, Doc & Billy… and we are on day two of five weeks… the government will get to the false statements of account … in time.
In my opinion, Mr. Brafman made a tactical error by attacking Sarah Hassan’s veracity… it opened the door to Fred being called as backup… and still I am curious to see what Fred said — on direct.
I am pretty sure the AUSAs hadn’t planned on calling him.
And Billy, you know that I do think Fred is ethically “challenged” — but I suspect he’s told the truth here.
As to Sarah… I have only press reports, to go on. I’ve met dad several times, but not daughter. Neither know who I am, in real life, to be sure.
Namaste …
LikeLiked by 1 person
I gathered as much from reading your past blogs on SGP & anything related to Hassan. He’s not on your Christmas card list I take it?
LikeLiked by 1 person
Nope. But to be clear, I don’t care about the guy one way, or the other — I’ve been across the table from him, representing other people/companies in buying or selling life science companies… and he’s just sort of a higher priced (and older) version… of Marty.
Sad but true — he’s the Augusta Country Club version of Marty’s public Rucker Park swimming pool…
LikeLiked by 1 person
Also, what does he need to lie for in this case? {Some punk kid is dropping my name to get investors then he loses all their money.} Yep that happened. Can I go now? Cool.
LikeLiked by 1 person
Exactly!
LikeLike
That’s not going to help the, miserable little cash-poor sh*t out of jail now is it Mr. Brafman?
LikeLiked by 1 person
Ok, reread your post, condor. So the allegation is that Shkreli used Fred Hassan’s name to lure investors (either in MSMB or $RTRX or both–?) without Fred’s permission–even though Fred’s daughter did invest with Shkreli, first through MSMB and then through $RTRX (the latter against her initial wishes).
The allegation is that Shkreli is a name-dropping con man. Fred Hassan was neither on the board of $RTRX (despite Shkreli posting him on $RTRX’s website as being on the board), nor did Fred passively or actively invest with Shkreli vis-a-vis his daughter’s investments.
Do I have that right now?
LikeLiked by 2 people
This is sounding more and more like Theranos all the time. 🙂 Except she actually had some hitters on the board.
LikeLiked by 1 person
Yes — and Mr. Shkreli had repeatedly said Brent Saunders was “on his Retrophin board.” Mr. Saunders flatly denied it many times, over the years. Shkreli says it was a paperwork confusion. That is facially preposterous — (but Marty thinks it a plausible lie). Retrophin was by then a public company; SEC proxy rules and NASDAQ listing rules require quite a bit, including a signed written consent from the putative director candidate, in order to even nominate them for a public company board, let alone elect them. He’s a sociopath.
Saunders is likely to be called next week to say that was ALSO a lie.
LikeLiked by 2 people
Did Brent Saunders actually put money in MSMB Cap?
LikeLiked by 1 person
I don’t honestly know. We will know when the prosecution tells us, in court. If he was, you may reliably bet he got the Sarah Hassan “special treatment, extra gravy” returns. More fraud (allegedly).
I have a personal hunch the the “man of the high forehead” (as he’s occasionally called, behind his back)… never put his own cash in.
But I have no proof of it.
LikeLiked by 1 person
Government’s redirect is up now at MegT twitter feed. Seems like Fred was called to bolster Sarah’s credibility, after Brafman was so over the top yesterday.
FTD is right — this is anything .. but boring! At least early on…
LikeLiked by 2 people
What was the point of trying to take S. Hassan out of the “victim column” yesterday? Of course Shkreli scrambled to steal from someone else to pay her back and then some. He didn’t want to piss off her dad. It’s not like their weren’t others who lost their asses and didn’t get paid back. (Like today’s earlier witness)
LikeLiked by 1 person
Hmm we need more people posting updates or we are going to burn out week 2 updating from our other day activities . Let’s take shifts during the trial, everyone think that’s a solid idea? 🙂
LikeLiked by 1 person
If we let all the tweets play out through the day. It’s pretty easy to go back and add all the links in order as a group in just a couple posts. That’s probably the most readable from a posterity perspective also.
LikeLiked by 1 person
That’s called… Sociopathic.
LikeLiked by 2 people
Oh boy …popcorn moment maybe?
LikeLiked by 1 person
Wait — FTD: you are saying you saw Mr. Shkreli looking at this website in a live stream?! Hilarious! 😱
LikeLiked by 2 people
http://www.cnbc.com/2017/06/30/shkreli-blasts-prosecutors-as-junior-varsity-to-reporters.html
HEADS up everyone. 🙂
LikeLiked by 2 people
Shkreli Reporter Interaction
https://twitter.com/_danmangan/status/880835859142062080
https://twitter.com/_danmangan/status/880835990264401921
https://twitter.com/_danmangan/status/880836177414299648
https://twitter.com/_danmangan/status/880836348512534528
https://twitter.com/_danmangan/status/880836529807142913
https://twitter.com/_danmangan/status/880836760128933888
https://twitter.com/_danmangan/status/880836990928908293
https://twitter.com/_danmangan/status/880837218390224896
https://twitter.com/_danmangan/status/880837465694765056
https://twitter.com/_danmangan/status/880837838920704001
https://twitter.com/_danmangan/status/880838010727694336
https://twitter.com/_danmangan/status/880838139497119744
https://twitter.com/_danmangan/status/880839000923176961
https://twitter.com/_danmangan/status/880839230078976001
https://twitter.com/_danmangan/status/880839409112948736
https://twitter.com/_danmangan/status/880840419810193408
https://twitter.com/_danmangan/status/880844143890771968
LikeLiked by 1 person
This is pointless the way this trial is documented. They should give us a audio stream that is prerecorded a hour before if they dont want to do it livetime. We should all witness things
LikeLiked by 1 person
LikeLiked by 1 person
Brafman thought cloud: D’oh!
LikeLiked by 2 people
From someone he said was his “mentor”. What a way to kick him while he’s down!
LikeLiked by 1 person
Oh my god, he’s going to go on a youtube tirade.
LikeLiked by 1 person
http://www.cnbc.com/2017/06/30/pharma-bro-martin-shkreli-wanted-to-be-stevie-cohen-investor-says.html
“Austin’s testimony added to a picture prosecutors are painting of Shkreli at his trial on securities fraud charges.
That picture is someone who was a serial failed investor of other people’s money, one who dragged his feet at turning over tax documents about that money, and someone who dropped the names of other investors.”
BOOM! Exactly what I’ve been saying the whole time! Marty’s fragile ego won’t let him admit that he’s the WORST HEDGE FUND MANAGER IN HISTORY… I’m glad the prosecution is laying out chapter and verse. These also have to be tough facts to hear for his supporters who seized on the fact that Ms. Hassan got all her money back plus some… Marty over compensated with her because of who her Daddy is! But now Daddy is in the stand!
LikeLiked by 1 person
Good lord, Shkreli talks to reporters during recess, slams prosecution before Brafman intervenes.
https://twitter.com/_DanMangan/status/880839000923176961
“Can I talk to you a minute?” = STFU if you don’t want to go to jail, you miserable little cash-poor sh*t.
LikeLiked by 2 people
You almost made water shoot out my nose Dr.M.
LikeLiked by 2 people
Victory when I do.
LikeLiked by 2 people
You guys … are the best! 😎
LikeLiked by 2 people
I want to see the court room sketch artist’s interpretation of that moment:
“STFU if you don’t want to go to jail, you miserable little cash-poor sh*t.”
~As he grabs him by the ear.
Priceless!
LikeLiked by 1 person
I need the soundbites. 🙂
LikeLiked by 1 person
God I hope someone taped it! The press overflow is fair game I would assume?
LikeLiked by 1 person
And this is why I said it was important to stream record his livestream. He’s going to never stop talking, he will go too far. See you there tonight everyone. 🙂
LikeLiked by 1 person
Did he say anything worthwhile last night?
LikeLiked by 1 person
He was getting there, Billythekid. 🙂
LikeLiked by 2 people
Maybe tonight is the full on meltdown??
LikeLiked by 1 person