Wannabe pharmaceutical hedge fund manager Martin Shkreli gets charged with several violations from the SEC.  Martin gets charged with violations of the 1933, 1934, 1940, and Exchange Act.  Hedge fund manager made several mistakes and tried to hide them.

Some of the violations include:

• Misappropriation of moneys for food, clothing, medical, office rent, and cash
• Misleading investors about the size and performance of the fund
• Falsifying bank and brokerage account assets
• Lying to an executing broker about his ability to settle a sizable short position
• Misappropriating $900K for short sale settlement
• Fraudulently issued stock from Retrophin (RTRX) to pay disgruntled investors and non-disclosure

Read more about bad trades gone semi ponzi here.

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