“Pharma Bro” Martin Shkreli was sentenced Friday to seven years in prison for defrauding investors in two failed hedge funds.
Tag: Shkreli
It’s 7 years in prison for Martin Shkreli, convicted of fraud
Martin Shkreli, former CEO of Turing Pharmaceuticals. (credit: NEPA Scene/Flickr) A federal judge sentenced former pharmaceutical executive and hedge-fund manager Martin Shkreli to seven years in prison Friday following his earlier conviction on three of eight counts of securities and wire fraud charges. According to reporters present in the Brooklyn courtroom, Shkreli gave an emotional […]
Judge orders ‘Pharma Bro’ Martin Shkreli to give up $7.36M US
A U.S. federal judge on Monday ordered Martin Shkreli, the former drug company executive convicted of defrauding investors, to forfeit $ 7.36 million US in assets, which could include a Picasso painting and a one-of-a-kind album by the Wu-Tang Clan.
Shkreli will lose his Wu-Tang album—judge orders forfeiture of $7.36 million
Enlarge / Martin Shkreli, former chief executive officer of Turing Pharmaceuticals AG, exits federal court in the Brooklyn borough of New York on Friday, Aug. 4, 2017. (credit: Getty | Bloomberg) The disgraced pharmaceutical executive and hedge fund manager Martin Shkreli must forfeit $ 7.36 million in assets (PDF) to the federal government following his fraud conviction, […]
‘I was a fool’: Shkreli begs judge for leniency in cringe-worthy letter
‘Pharma Bro’ Martin Shkreli concedes that he was “far from blameless” in a letter to a judge pleading for leniency, according to court filings. He was convicted of fraud after swindling investors out of millions of dollars. Shkreli, once dubbed “the most hated man in America,” earned notoriety after increasing the price of a life-saving […]
'Pharma Bro' Shkreli sent to jail after offering $5k for Clinton's hair in cloning joke
Convicted fraudster and former pharmaceuticals company CEO Martin Shkreli, once dubbed the “most hated man in America,” is headed to jail after having his bail revoked over a Facebook post in which he offered $ 5,000 for a strand of Hillary Clinton’s hair. US District Judge Kiyo Matsumoto ruled on Wednesday that Shkreli’s post on […]
Martin Shkreli is headed to jail
Enlarge / NEW YORK, NY – AUGUST 4: Shkreli was found guilty on three of the eight counts involving securities fraud and conspiracy to commit securities and wire fraud. (Photo by Drew Angerer/Getty Images) (credit: Getty | Drew Angerer) Martin Shkreli will be held in jail until his sentencing for securities fraud following online antics, […]
‘Pharma Bro’ Martin Shkreli says he used ‘poor judgment’ in placing a $5,000 bounty for Hillary Clinton’s hair
REUTERS/Lucas Jackson Former pharmaceutical CEO Martin Shkreli apologized on Monday to a federal judge after offering a $ 5,000 bounty for some of Hillary Clinton’s hair. In a letter addressed to Judge Kiyo Matsumoto, Shkreli wrote that he “used poor judgment” and “never intended to cause alarm or promote any act of violence.” “I wanted to […]
Martin Shkreli is selling his $2 million Wu-Tang album on eBay
Martin Shkreli, for lack of a better/more accurate word, is a gigantic tool. The priapic “pharma bro” gained notoriety after he jacked up the price of an anti-toxoplamosis drug by 5,000 percent in 2015. Later that year, it was revealed that he was the guy who spent $ 2 million on Wu-Tang Clan’s one-off Once […]
Convicted felon Martin Shkreli finds novel way to be a jerk online
(credit: Louis Lanzano/Bloomberg via Getty Images) Martin Shkreli, the so-called “pharma bro” and former CEO who was recently convicted on securities fraud and wire fraud, has been recently buying up domain names of journalists that appear to have written critically about him. The list includes Rob Beschizza of Boing Boing, Meg Tirrell of CNBC, Maxwell […]