Former BigLaw partner gets prison sentence for work on behalf of Martin Shkreli
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A former income partner at Katten Muchin Rosenman was sentenced to 18 months in prison on Friday for conspiracy to commit wire and securities fraud in connection with his representation of jailed drug company CEO Martin Shkreli.
U.S. District Judge Kiyo Matsumoto also required Evan Greebel to pay nearly $10.5 million in restitution to the pharmaceutical company Retrophin, report Courthouse News Service, the Wall Street Journal, the New York Law Journal and Bloomberg News. A press release is here.
Prosecutors had accused Greebel of helping Shkreli pay off investors who lost money in his hedge funds with assets from Retrophin, the company for which Greebel served as outside counsel. Retrophin went public in 2012; the conspiracy took place between 2011 and 2014. Prosecutors say Greebel also conspired to control the price and trading of Retrophin shares.
Greebel was convicted in December. Shkreli, Retrophin’s CEO, was convicted of securities fraud last August and was sentenced to seven years in prison in March.
Matsumoto rejected prosecutors’ recommendation for a five-year sentence, while also rejecting Greebel’s lawyers’ request for no prison time.
Greebel’s lawyers had stressed his devotion to his children. According to Courthouse News, his wife, Jodi Greebel, “collapsed, doubled over in the gallery” as Masumoto announced the sentence.
Greebel told the court that he dreads the day that his children will search for his name on the internet, according to coverage by Courthouse News.
“I will regret every day of my life the day I met Martin Shkreli,” he said.