Not your regular regulator FOR ALL the talk about deregulation under President Donald Trump, when it comes to the financial industry the word used by many is “tailoring”—meaning trimming the loose threads of tangled rules, rather than unpicking them. An exception is Hester Peirce, who in January became one of the five commissioners at the […]
“Pharma Bro” Martin Shkreli was sentenced Friday to seven years in prison for defrauding investors in two failed hedge funds.
The life of ‘Pharma bro’ Martin Shkreli, who was convicted of securities fraud and faces up to 20 years in prison
AP Photo/Richard Drew Martin Shkreli, a former pharmaceutical CEO, was found guilty of securities fraud on Friday — but that was hardly the first time he’s been in the news. Shkreli has been a controversial figure in the public eye ever since he hiked costs of Daraprim, an AIDS treatment drug that has no generic […]
Pharmaceutical CEO Martin Shkreli has been found guilty of several, but not all, of the charges he faced at his trial in New York City. CBC | Health News
Enlarge / NEW YORK, NY – AUGUST 4: Former pharmaceutical executive Martin Shkreli arrives at the U.S. District Court for the Eastern District of New York, August 4, 2017 in the Brooklyn borough of New York City. Jurors are onto the fifth day of deliberations and have not reached a verdict. Shkreli faces eight counts […]
Enlarge / Ethereum founder Vitalik Buterin. (credit: Techcrunch) The DAO, a blockchain-based organization created last year, was supposed to demonstrate the potential of Bitcoin competitor Ethereum. Investors pumped $ 150 million of virtual currency into the project. But then in June 2016, hackers found a bug in the DAO’s code that allowed them to steal $ 50 million […]
Tony Webster/Flickr Roughly half of the $ 90 billion worth of commercial mortgages left over from the 2007 lending boom won’t be easy to refinance when they mature, exposing the winners and losers of the real estate recovery. Banks sold a record $ 250 billion worth of commercial mortgage-backed securities to institutional investors in 2007. […]