I'm always fascinated by people who somehow manage to become hate figures not once but multiple times – those who seem to not only attract public opprobrium but who actively court it, who would rather see out their time on earth in the company of an excited and enthusiastic hatemob rather than then have their passing go unnoticed. — Read the rest
The world became a more dangerous place this week with the release of two formerly imprisoned criminal fraudsters: Billy McFarland, the prevaricating promoter of the catastrophic Fyre Festival in the Bahamas, and Martin Shkreli, the price-gouging pharmacy exec whose trollish tweets seem to have been an inspiration to Elon musk. — Read the rest
Back in 2015, the now-infamous "Pharma-bro" Martin Shkreli spent $2 million dollars to purchase the only existing copy of a new album from the Wu-Tang Clan, titled Once Upon a Time in Shaolin. Here's how Bloomberg described the rare box set:
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The 31-track album would come in a hand-carved box, accompanied by a leather-bound book with 174 pages of parchment paper filled with lyrics and background on the songs.
Martin Shkreli paid $2m for the sole copy of the Wu-Tang Clan album Once Upon a Time in Shaolin, a curious artifact that ended up in the possession of the government after the "pharma bro" was convicted of fraud. The Department of Justice announced Tuesday that it had sold the item to an anonymous buyer. — Read the rest
Just before the holidays, ELLE broke the news that Christie Smythe—the former Bloomberg reporter who first brought "PharmoBro" Martin Shkreli into the spotlight and spent years getting exclusive interviews with him—also may-or-may-not be in a very serious relationship with him.
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Soon after quitting Bloomberg, Smythe visited Shkreli again, fuming about the book industry's rejection of him—and her.
Martin Shkreli's ongoing jail term isn't the end of his legal troubles, and a federal judge rejected his latest effort to bring them to a close, allowing a lawsuit against him filed by New York's attorney general to proceed.
The lawsuit accuses Shkreli, a former pharmaceutical executive, of illegally "trying to monopolize the lifesaving drug Daraprim, whose price he raised more than 4,000% in one day." — Read the rest
Martin Shkreli, the universally despised ex-pharmaceutical internet troll, says he can cure coronavirus if he is released from prison early, reports Ars Technica:
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"I am one of the few executives experienced in ALL aspects of drug development from molecule creation and hypothesis generation, to preclinical assessments and clinical trial design/target engagement demonstration, and manufacturing/synthesis and global logistics and deployment of medicines," he writes in a note at the end of the document.
Martin Shkreli, trollish ex-CEO of Turing Pharmaceuticals, who became infamous in 2015 when he jacked up the price of an HIV medication 5,000%, received some unpleasant news today, reports CNBC. The Supreme Court rejected his request for an appeal of his securities fraud conviction. — Read the rest
Fraudster Martin Shkreli, who enjoyed a brief period of notoriety as an Internet troll and pharmaceutical price-gouger, must remain in prison after a federal appeals court upheld his conviction for multiple instances of securities fraud.
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The three-judge panel in the U.S.
Martin Shkreli, infamous for hiking the prices of life-saving drugs and jailed on unrelated fraud charges, is in solitary confinement. The Wall Street Journal reported that he was running businessess from inside using a contraband phone.
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One source close to Shkreli's legal team said the fraudster was in the special housing unit (SHU) a week and a half after the article was published on March 7, but the source had not received an update on his status.
Martin Shkreli's poor impulse control continues to land him in terrible trouble: his price-gouging on lifesaving drugs didn't land him in prison, but his profligate boasting about it did (to say nothing of the revocation of his bail after he put a bounty on Hillary Clinton's hair follicles).
Back in September 2016, Novum Pharma made headlines when it raised the price of Aloquin, a barely-effective acne cream from $240/tube to $10,000/tube, after acquiring the exclusive right to manufacture it.
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.'" — Read the rest
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. — Read the rest
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. — Read the rest
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." — 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.
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. — Read the rest