SKETCHES OF COURT: Martin Shkreli at jury selection before fraud trial

SKETCHES OF COURT: Martin Shkreli at jury selection before fraud trial

Shkreli resigned from Turing shortly after his indictment in December 2015 after which he was released from prison on bond.

He's now involved in a five-to-six week trial for being accused of defrauding investors of two hedge funds and is under federal investigation for eight counts of securities and wire fraud. In another instance, he claimed the fund had $35 million in assets, when in fact it had less than $1,000 in assets.

Shkreli also faces a challenge on how jurors view him for his social media antics.

Prosecutors are expected to call as many as 57 witnesses, and lawyers on both sides said the trial could last five to six weeks.

The defense may call Shkreli to the stand, in which case he might well describe his working-class Brooklyn upbringing, as a child to immigrants from Albania and Croatia.

As he arrived at the courthouse, Shkreli was followed by dozens of photographers and cameramen.

Jury selection for the 34-year-old's trial started Monday in New York City federal court.

According to his attorney, Benjamin Brafman, Shkreli - who once claimed to be worth as much as $70 million - is now penniless and "doesn't have any cash".

But prosecutors, Reuters reports, have pointed to recently touted expenditures: a World War II-era code-breaking machine, the only copy of a Lil Wayne album, and a Picasso.

Earlier this month, Shkreli posted on his Facebook page that he had donated $40,000 to a Princeton University graduate for solving a geometry proof, offered to "put up $100,000" for information that would solve a conspiracy theory and boasted that he recently dined at the same restaurant as Eric Trump.

Still, his notoriety slowed the pace of the first day of jury selection in federal court in downtown Brooklyn.

"His prosecution is saying that he was mischaracterizing the financial status of these companies in order to get people to invest - at the heart of fraud case is 'Are you a liar and did you intend to induce these people on fake numbers?'" said trial attorney Misty Marris. And the boy genius-turned-"pharma bro" told The New Yorker he doesn't expect to serve time.

"For jurors who have no exposure to social media, those factors are going to become more like evidence to them", Philip Anthony, chief executive officer of trial-consulting firm DecisionQuest, said in an interview. I walk down the streets of NY and people shake my hand.


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