shkreli

Shkrelifreude: while Martin Shkreli rots in prison, his price-gouging pharma company is hemorrhaging money

Smirking pharma-bro Martin Shkreli first came to public attention when he hiked the price of a drug used by people with HIV from $13.50/pill to $750/pill. Read the rest

Spectacular read: a profile of Anna Sorokin, a con-artist who convinced New York that she was a high-rolling socialite trust-funder

Jessica Pressler's long, gripping profile of con artist Anna Sorokin (AKA Anna Delvey) has all the making of a first-rate grifter novel, where the likable, unflappable rogue is revealed by inches to be a sociopath, a broken person who can't herself tell truth from fiction. Read the rest

Martin Shkreli owes IRS $1.6 million

Martin Shkreli, the imprisoned pharmacy tycoon who skyrocketed the price of an HIV drug and enjoyed a short period of trollish infamy on social media, owes the IRS more than $1.6 million, according to a court filing.

ABC news reports, "If Shkreli cannot pay, the IRS wants a piece of his other forfeited assets, including an E-Trade brokerage account, a Picasso work and the rare Wu-Tang Clan album 'Once Upon a Time in Shaolin.'"

Image: By JStone/Shutterstock Read the rest

Martin Shkreli's request for a minimum-security federal camp is denied -- he's going to prison

Fraudster Martin Shkreli will serve his seven year term at a federal prison in New Jersey instead of the minimum security camp he'd been hoping for. His new home is in the U.S. military base at Fort Dix, which he'll share with 3,945 other inmates.

From CNBC:

Shkreli's lawyer Benjamin Brafman declined to comment Wednesday. Brafman previously said that Judge Kiyo Matsumoto's ruling that Shkreli was a public danger last September would prevent him from doing his time in a minimum-security camp.

Such a camp is considered safer for inmates, and a relatively more pleasant place to do one's sentence, than facilities with higher levels of security.

Matsumoto had said Shkreli was a danger as she revoked his bail for, among other things, his bizarre offer to Facebook followers of $5,000 for each strand of hair they managed to pull off the head of Hillary Clinton, who at the time was in the midst of a book tour.

Image: By JStone/Shutterstock Read the rest

Martin Shkreli weeps as he is sentenced to 7 years in prison

Martin Shkreli, the entrepreneur famous for hiking the price of a life-saving medicine and defrauding hedge fund investors, was sentenced Friday to serve 7 years in prison.

Convicted in August on securities fraud charges, Shkreli was a sneering, smirking presence in interviews, Capitol Hill hearings and on the internet—at least until the judge tired of his antics and threw him in jail to await sentencing.

At Friday's hearing, the Wall Street Journal's Rebecca D. O'Brien wrote that Shkreli's own defense lawyer said "There are times I want to hug him...There are times when I want to punch him in the face."

Added Ben Brafman, the lawyer: "Quite frankly, I've got my begging voice on."

It was all to no avail, even after Shkreli wept and promised that he was a changed man. Judge Kiyo Matsumoto said the lengthy sentence had nothing to do with Shkreli's reputation or price-gouging. He faced up to 20 years in prison.

Now 34, Shkreli became well-known after raising the price of Daraprim, a pill used by HIV patients, from from $13.50 to $750. He was arrested on securities fraud charges over an unrelated hedge fund swizz: the prosecution contended he pilfered funds to start another company, while his defense noted he made good on the investments in the long run.

He was banned from Twitter after harassing a woman journalist there; he also fell into the habit of buying internet domains that include the names of journalists who wrote about him, including me. Read the rest

Martin Shkreli ordered to give up $7.4 million, including his one-of-a-kind Wu Tang Clan album

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

America's large hospital chains will start manufacturing generic drugs in order to beat shkrelic price-gouging

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

The DoJ is going to make Shkreli sell off his unreleased Wu-Tang and Lil Wayne albums, his Picasso and his Enigma machine

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

Martin Shkreli is in jail with terrorism and mob suspects, and no Internet

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 Shkreli is going to jail for putting a bounty on Hillary Clinton's hair

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.

Via Reuters:

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.

Read the rest

Martin Shkreli bought a domain with my name in it

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

Transcripts from Martin Shkreli's jury-selection process

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

Breaking: Pharma bro Martin Shkreli guilty of fraud

"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

Smirking pharmabro Martin Shkreli to employee's wife: "I hope to see you and your four children homeless"

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

After Twitter ban, Pharma bro Martin Shkreli boasts about his new account, which is immediately banned

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.

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.

Read the rest

Martin Shkreli buying domain names of people who write about him

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

How to agree with something Trump does without endorsing trumpism

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

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