A federal judge ordered Martin Shkreli, who was convicted of fraud last year, to forfeit $7.4 million. This forfeiture includes a Picasso painting, his $5 million bail posting, and the one-of-a-kind Wu Tang Clan album, "Once Upon a Time in Shaolin." Don't worry, though -- after he pays the fine he'll still have $27.1 million.
From Click on Detroit:
Shkreli was convicted of fraud for deceiving investors and misusing their money while he was a portfolio manager at a hedge fund. He faces sentencing at Brooklyn Federal Court on Friday, and could potentially get up to 20 years in prison.
There is no treatment for the coronavirus, states the World Health Organization. That hasn’t stopped televangelist and felon Jim Bakker from selling a purported cure to the pitiful people who watch his infomercials. Now the New York attorney general has warned Bakker than he can’t claim that a concoction called Silver Solution he’s peddling will […]
In his latest BIG newsletter, Matt Stoller (previously) relates the key moments in the history of private equity, from its roots in the notorious "leveraged buyouts" of the 1980s, and explains exactly how the PE con works: successful, productive business are acquired through debt financing, drained of their cash and assets, and then killed, leaving […]
Former Los Angeles County Sheriff Lee Baca, the corrupt law enforcement chief who was fond of giving himself awards, campaigning against marijuana legalization, encouraging prison rape, wrongfully imprisoning people, locking up nonviolent people who possessed drugs, and horribly mistreating inmates, lost his court appeal for obstructing justice and lying to federal authorities. He could spend […]
Whether you’re living in a city that has already taken measures to reduce plastic bag use, the small silver lining of the pandemic has inspired you to make changes, or you’ve already started living a greener lifestyle, reusable produce bags are a great addition to your shopping routine. And if you’re going to invest in […]
Dealing with all the COVID-19 fallout is one of the new realities of our ever-changing world — and that isn’t likely going away anytime soon. It’s also prompted a rash of existential questions for parents. Questions like how do I protect my kids? Or how do I soothe their fears? And there’s also one of […]
If you’re already incredibly bored in your social distancing situation, now is a great time to pick up a hobby. Actually, now’s a great time to pick up multiple hobbies, and nothing will make that easier (or nicer to look at) than this very cool AquaSprouts® Fountain: Aquaponics Water Garden. What the heck is an […]