Martin Shkreli, the former hedge-fund manager turned pharmaceutical CEO who was arrested last week, has been described as a sociopath and worse.
In reality, he’s a brasher and larger version of what others in finance and corporate suites do all the time.
Federal prosecutors are charging him with conning wealthy investors.
Lying to investors is illegal, of course, but it’s perfectly normal to use hype to lure rich investors into hedge funds. And the line between the two isn’t always distinct.