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.
Image: Shutterstock Read the rest
Hospital chain Intermountain Healthcare is leading a industry consortium representing 450 hospitals in total in an initiative to manufacture their own generic drugs, either directly or through subcontractors.
Read the rest
Pharmadouchebro/Larval Trump Martin Shkreli was convicted of securities fraud in August and then sent to jail in September for putting a bounty on a lock of Hillary Clinton's hair.
Read the rest
American businessman Martin Shkreli is locked up with the general population at the Metropolitan Detention Center in New York City. It will be his home for the next four months, until he's sentenced for securities fraud early next year. The 34-year-old pharma executive was out on $5 million bail while awaiting sentencing and was finding comfort in writing Facebook posts, but a judge put him behind bars last week for putting a bounty on a strand of Clinton's hair, including the follicle. He has no access to the Internet.
From The LA Times
Although far less notorious than city-run Rikers Island, the Brooklyn facility has a checkered history. After the Sept. 11, 2001, attacks, dozens of mostly Arab or Muslim men “of high interest” were detained at MDC. Many said guards there regularly slammed them against walls until officials began videotaping them as a safeguard.
More recently, prosecutors have alleged that MDC was the scene of sexual assaults by guards on female inmates. A federal magistrate last year expressed reluctance to remand a woman there, citing a report saying there was an “absence of fresh, clean air, the complete absence of sunlight, and the absence of ANY outdoor time and activities.”
In a court filing, lawyers for Jacob “Kobi” Alexander, the convicted former chief executive of Converse Technology, complained about a lack of recreation time, saying he “spends large parts of his day walking in circles in his unit when he is permitted to do so.”
After two nights behind bars, his attorney said that Shkreli is “doing reasonably well under very difficult circumstances.” Read the rest
Martin "Pharmadouche" Shkreli has been ordered to go to jail while awaiting sentencing for securities fraud, because he offered a $5,000 bounty for a single strand of Hillary Clinton’s hair.
Read the rest
U.S. District Judge Kiyo Matsumoto in Brooklyn said the Sept. 4 post, which prompted a call from the U.S. Secret Service, showed Shkreli posed a danger to the public that warranted revoking his $5 million bail. U.S. prosecutors had moved to jail Shkreli last Thursday.
You can find me at beschizza.com, but Martin Shkreli registered "robbeschizza.com" as part of what seems to be a quixotic effort to bother people who write about him. Cyrus Farivar reports that I'm in his Godaddy grab bag.
Shkreli has been offering to sell at least one of the domain names back to the reporters for thousands of dollars. In a public Facebook post, Shrkreli has offered to sell Emily Saul of the New York Post her domain for $12,000. She declined to comment further on the incident.
Robbeschizza.com was registered the same day I linked to a Business Insider story about his initial round of reporter-name domain registrations. Perhaps he just has a bad sense of humor! I wonder if he'll post anything silly there.
Read the rest
Before being convicted of felony securities fraud, smirking cartoon villain pharma-douche-bro Martin Shkreli had to be tried in front of a jury and this presented a unique problem because everyone hates Martin Shkreli, and thus more than 100 jurors were dismissed from the pool during pre-trial questioning. Here are some of the statements that led to those dismissals. Read the rest
"Pharma bro" Martin Shkreli was found guilty of three felony criminal charges today, including securities fraud.
From Washington Post:
“We’re delighted in many ways,” Shkreli said outside the courtroom, saying he was glad to be exonerated on many of the charges.
“This was a witch hunt of epic proportions,” he said. “They may have found some broomsticks.”
It's unlikely he would have to serve the maximum sentence of 20 years the judge could give him, and it's possible he will not have to go to prison at all and just pay a fine instead. Read the rest
Martin Shkreli is the smirking, remorseless poster child for trumpism: a serial fraudster who leavened his ponzi schemes by presiding over pharmaceutical price-gouging. Read the rest
Martin Shkreli was suspended from Twitter in January after harassing reporter Lauren Duca there, and reported being permanently banned Thursday. He boasted about setting up a new Twitter account to circumvent the ban, but @TrashyTheCat has now been banned too.
Read the rest
Shkreli is most famous for hiking the cost of the HIV drug Daraprim from $13.50 to $750 per pill, but he’s also well known for being incredibly obnoxious. After he paid $2 million for the only copy of the Wu-Tang Clan’s Once Upon a Time in Shaolin he set up a YouTube live stream of him sitting, doing nothing, and teasing that he would play the album. He did not play it at that time, but later streamed clips of it to celebrate Donald Trump being elected as president.
Former pharmaceutical executive Martin Shkreli became famous for hitting AIDS patients with a price hike in a life-saving drug—and then for the fraud charges for which he awaits his day in court. But he's also a bit of an odd duck, eating shit on campus and getting kicked off Twitter for harassment. Now he's been noticed snapping up web domains that include critics' and enemies' names.
Maxwell Tani at Business Insider:
Over the past five months, Shkreli has purchased domains associated with writers from Vice, Vanity Fair, AOL, Bloomberg, Dealbreaker, and Gizmodo, along with others associated with other individuals critical of Shkreli on social media.
Shkreli didn't appear to be too happy when Noisey reporter Phil Witmer published a story ... "Can I buy philwitmer.com right now? Yes I can, and yes I will," he said to whoever was watching his livestream. ...
In the weeks after Shkreli's Twitter account was suspended in January for harassing Teen Vogue writer Lauren Duca, the former exec started buying up domain names for journalists, snagging "marrymelauren.com" on the day he was suspended.
Martin Shkreli keeps buying up the personal domain names of journalists who write about him [BI] Read the rest
When Donald Trump killed the Trans-Pacific Partnership, a "trade deal" that had been negotiated by representatives of multinational corporations and government bureaucrats in utmost secrecy in order to give corporations the power to decide which labor, environmental and safety laws they'd obey, I started to hear from "progressives" who had suddenly discovered the deal, and decided that if Trump was against it, they should be for it. Read the rest
Lauren Duca, a writer for Teen Vogue, recently penned a popular opinion piece about president-elect Donald Trump's constant lying. Martin Shkreli is a disgraced pharmaceutical executive who famously hiked the price of a lifesaving drug before being charged with fraud. A Trump fan, he started tweeting about wanting to date her, despite her clearly finding it unwelcome and ultimately harassing, then took his remarks to direct messages. When she finally, publicly told him to get lost, he downloaded a photo of her, photoshopped his own head onto that of her partner, and made it his Twitter background. Then Twitter itself finally got sick of his shit and suspended him. Read the rest
The smirking, villainous pharma-hedge-douche-bro Martin Shkreli (previously) bought the rights to the anti-parasitic drug Daraprim -- used to treat malaria, a disease that disproportionately affects the poorest people in the world -- and jacked the price from $13.50/dose to $750/dose. Read the rest
Meme factory/Anonymous birthplace/alt-right breeding ground 4chan is facing challenges similar to those plaguing all ad-supported sites, but as with all things channish, 4chan's problems have their own unique and grotesque wrinkles. Read the rest