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According to the US Government, yes: https://en.wikipedia.org/wiki/Martin_Shkreli https://en.wikipedia.org/wiki/Martin_Shkreli

• Retric 2y ago
  > According to the US Government, yes: https://en.wikipedia.org/wiki/Martin_Shkreli https://en.wikipedia.org/wiki/Martin_Shkreli According to the government he did NOT commit theft. He was instead “convicted in federal court on two counts of securities fraud and one count of conspiracy.”
  • kazinator 2y ago
    If nobody is robbed in a securities fraud, what makes it fraud?
    • Retric 2y ago
      Risk. Someone could take an underperforming investment to Vegas, happen to double the investment and return. However if they are using your money then you are taking more risk in that scenario than you’re expecting. Literally going to Vegas isn’t required, the same risk exists in many short term investments. Thus misrepresenting risk is considered fraud even if it happened to work out.