felon
A felony is traditionally considered a crime of high seriousness, whereas a misdemeanor is regarded as less serious. The term "felony" originated from English common law (from the French medieval word "''félonie''") to describe an offense that ...
and the former
New York
New York most commonly refers to:
* New York (state), a state in the northeastern United States
* New York City, the most populous city in the United States, located in the state of New York
New York may also refer to:
Places United Kingdom
* ...
based attorney of
Martin Shkreli
Martin Shkreli (; born March 17, 1983) is an American investor, businessman and financial criminal. Shkreli is the co-founder of the hedge funds Elea Capital, MSMB Capital Management, and MSMB Healthcare, the co-founder and former CEO of pharm ...
. Greebel was the outside counsel to
Retrophin
Martin Shkreli (; born March 17, 1983) is an American investor, businessman and financial criminal. Shkreli is the co-founder of the hedge funds Elea Capital, MSMB Capital Management, and MSMB Healthcare, the co-founder and former CEO of pharma ...
Inc., which Shkreli co-founded.
In 2017, Greebel was convicted of helping Shkreli defraud investors out of $11 million to repay investors in one of Shkreli's former ventures, and in August 2018, was ordered to serve 18 months in prison.
Career
Greebel is an "ex-partner" at
Katten Muchin Rosenman
Katten Muchin Rosenman LLP (Katten) is a full-service law firm in locations across the United States, London and Shanghai. The firm's practice includes commercial finance, financial markets and funds, intellectual property, structured finance an ...
and
Kaye Scholer
Kaye Scholer was a law firm founded in 1917 by Benjamin Kaye and Jacob Scholer. The firm had more than 450 attorneys in nine offices located in the cities of Chicago, Frankfurt, London, Los Angeles, New York City (headquarters), Shanghai, Palo A ...
.
Conviction and sentencing
After an 11-week trial, Greebel was found guilty in December 2017 of conspiracy to commit
wire fraud
Mail fraud and wire fraud are terms used in the United States to describe the use of a physical (e.g., the U.S. Postal Service) or electronic (e.g., a phone, a telegram, a fax, or the Internet) mail system to defraud another, and are U.S. fede ...
and conspiracy to commit
securities fraud
Securities fraud, also known as stock fraud and investment fraud, is a deceptive practice in the stock or commodities markets that induces investors to make purchase or sale decisions on the basis of false information. however, in August 2018, Greebel was sentenced to 18 months in prison, ordered to pay $10.5 million in
restitution
Restitution and unjust enrichment is the field of law relating to gains-based recovery. In contrast with damages (the law of compensation), restitution is a claim or remedy requiring a defendant to give up benefits wrongfully obtained. Liability ...
to Retrophin and to forfeit $116,000.
At his sentencing Judge Kiyo Matsumoto said of Greebel:
“He is not feckless. He is not naive. He is not inexperienced, and he was not led astray by a young, brash CEO.”