Shkreli’s Ambitious Career Put on Display in Brooklyn Courtroom

By Patricia Hurtado, Bloomberg News

Prosecutors are going back to the beginning, putting on display for jurors Martin Shkreli’s entire business career, a more than decade-long stretch allegedly marked by zeal and deception.

Josiah T. Austin, managing member of El Coronado Holdings LLC, said he invested $4.8 million in Shkreli’s Elea Capital Management in 2006 and 2007 because he liked Shkreli. Austin told the jury he lost it all.

Austin, 70, was allowed to testify as prosecutors attempt to show a pattern in Shkreli’s behavior of deceiving investors from early in his career. He said he met Shkreli in about ...