Bloomberg News reports:
Martin Shkreli owes the Securities and Exchange Commission more than $1.39 million and is permanently barred from serving as a public company officer or director for his participation in “multiple” securities fraud schemes, a federal judge in New York said.
He’s “unfit to serve as an officer or director of any public company,” the U.S. District Court for the Eastern District of New York said. Shkreli’s “repeated, deliberate falsehoods” to hedge fund investors “resulted in significant losses,” Judge Kiyo A. Matsumoto’s order said.
Read the full article.
Last month Shkreli was ordered to return $65 million to investors and was banned from ever working again for a pharma-related company. This latest order, obviously, widens that ban. Shkreli is serving a seven year prison sentence. In 2017, while awaiting sentencing, his bail was revoked after he tweeted an offer of a $5000 bounty for a strand of Hillary Clinton’s hair. He’s due for early release in November.
Martin Shkreli owes the SEC more than $1.39 million and is permanently barred from serving as a public company officer or director https://t.co/wuDCKvUvnI
— Bloomberg (@business) February 24, 2022