Tag Archives: Martin Shkreli

CNBC reports: A federal appeals court on Thursday upheld the criminal conviction of notorious “pharma bro” Martin Shkreli. The three-judge panel in the U.S. Court of Appeals for the Second Circut also upheld the more than $6.4 million in foreiture that a judge imposed on Shkreli last year when she sentenced him for his conviction on two counts of securities …

The New York Daily News reports: Takes one to know one. Imprisoned “Pharma Bro” Martin Shkreli sued three former colleagues Friday over his ouster from the unethical pharmaceutical company he founded, alleging they were “driven by their egos, jealousy, and greed.” The notorious Brooklyn-born troll is serving seven years for securities fraud. His lawsuit describes a Bizarro Shkreli who was …

The New York Daily News reports: “Pharma Bro” Martin Shkreli has been transferred out of his low-security prison and hauled back to Brooklyn after a report he was still running his business and tweeting with a contraband cell phone. Shkreli, 36, who’s serving seven years in a federal prison for defrauding investors, has been moved from the prison at Fort …

Forbes reports: The much-maligned pharmaceutical businessman and uber troll Martin Shkreli has been put in solitary confinement at Federal Correctional Institution in Fort Dix, New Jersey, Forbes has been told by two sources with knowledge of the situation. That came after the Wall Street Journal described how he was using a contraband phone to run his pharma business from behind …

The Wall Street Journal reports: The U.S. Bureau of Prisons opened an investigation into pharmaceutical wunderkind Martin Shkreli’s behavior behind bars, a bureau spokesperson said Friday. The Wall Street Journal reported Thursday that Mr. Shkreli, 35 years old, is largely running his former drug company, Phoenixus AG, from his prison cell in Fort Dix, N.J., via a contraband smartphone. Mr. …

Courthouse News reports: “I will regret every day of my life the day I met Martin Shkreli.” Evan Greebel, the former lawyer for “Pharma Bro” Shkreli, briefly addressed the court for the first time during his sentencing Friday for wire and securities fraud conspiracy. U.S. District Judge Kiyo Matsumoto sentenced Greebel to 18 months in prison and over $10 million …

A federal judge in Manhattan just sentenced infamous pharma douche Martin Shkreli to seven years in prison. Before the judge issued the sentence, Shkreli sobbed and begged for mercy. The Associated Press reports: “Pharma Bro” Martin Shkreli cried in court Friday as he apologized for defrauding investors while being sentenced by a federal judge. Shkreli, his cocky persona nowhere to …

CNBC reports: Convicted fraudster Martin Shkreli will have to forfeit $7.36 million to the federal government as part of his upcoming criminal sentence, a judge ruled Monday. Judge Kiyo Matsumoto said that in order to satisfy that award amount Shkreli — who was said to be completely cash-broke last year by his lawyer — must forfeit his interest in a …

Reuters reports: Martin Shkreli, the former drug company executive convicted of defrauding investors in two hedge funds he ran, has asked a federal judge to sentence him to 12 months to 18 months in prison, much less than suggested federal guidelines. Shkreli, 34, has been in jail since September, when U.S. District Judge Kiyo Matsumoto revoked his bail after he …

Reuters reports: Former U.S. drug company executive Martin Shkreli will be held responsible for $10.4 million in financial losses when he is sentenced for defrauding investors, a federal judge ruled on Monday, rejecting his argument that he did not cause any losses because his investors eventually came out ahead. The ruling from U.S. District Judge Kiyo Matsumoto could mean more …

The New York Daily News reports: This bro’s got issues. A federal judge has signed an order for a psychiatric exam for convicted Pharma Bro Martin Shkreli, just days after yanking his $5 million bail, court records show. Brooklyn Federal Judge Kiyo Matsumoto signed off on the test for the 34-year-old on Tuesday, according to court records. The reason for …

The New York Daily News reports: Martin Shkreli got socked into jail Wednesday when a federal judge delivered a poetic punchline to the Pharma Bro’s own Hillary Clinton jokes. Brooklyn Federal Judge Kiyo Matsumoto revoked Shkreli’s $5 million bail Wednesday evening, saying Shkreli’s $5,000 bounty on Clinton’s hair was the final straw. Shkreli was convicted in August on securities fraud …

NBC News reports: Former pharmaceutical executive Martin Shkreli apologized Tuesday for offering his Facebook followers $5,000 to pull a hair from Hillary Clinton’s head, saying it was an “awkward attempt at humor or satire” and not a real threat. The contrite-sounding note to a federal judge from the man known as “Pharma Bro” came five days after prosecutors asked the …

The Washington Post reports: Martin Shkreli, the former hedge fund manager awaiting sentencing for defrauding his investors, should have his bail revoked after offering his Facebook followers $5,000 to grab a strand of Hillary Clinton’s hair during her book tour, federal prosecutors say. Shkreli’s conduct since his conviction in early August has escalated and he poses a threat to the …

The New York Daily News reports: An unrepentant Pharmo Bro taunted prosecutors and predicted his odds of dodging prison time were pretty good after his Friday conviction for securities fraud and conspiracy. “I’m one of the richest New Yorkers there is, and after today’s outcome it’s going to stay that way,” the cocky Martin Shkreli declared via livestream video from …

CNBC reports: A federal jury found notorious “Pharma bro” Martin Shkreli guilty of multiple criminal charges Friday. Shkreli, 34, was convicted of some of the eight criminal counts that he had faced, which had included securities fraud and conspiracy to commit both securities fraud and wire fraud, after a more-than-month-long trial in Brooklyn, New York, federal court. Of the eight …

CNBC reports: Federal prosecutors late Monday asked a judge to slap a gag order on “Pharma Bro” Martin Shkreli, three days after he blasted them as the “junior varsity” during a surprise courthouse rant to reporters covering his trial. Those prosecutors said Shkreli’s off-the-cuff remarks, made against the desperate wishes of his lawyers, “risks tainting the jury,” according to a …

The New York Times reports: More than 120 potential jurors in the fraud trial of Martin Shkreli were dismissed Monday, with some calling him “a snake,” “the most hated man in America” and “the face of corporate greed.” Several potential jurors on Monday blamed Mr. Shkreli broadly for the problems of the pharmaceutical industry. Three, for instance, castigated him for …

CNBC reports: A federal judge has rejected, for now, Martin Shkreli’s bid to reduce his criminal release bail from $5 million to $2 million during a hearing that exposed his high tax debts, legal fees, and off-beat collectibles. Shkreli’s lawyer Benjamin Brafman also said that the accused securities fraudster, who claimed to be worth up to $70 million when he …

Fortune reports: Big pharma isn’t planning on “going gentle into that good night.” The drug industry’s largest trade group and lobbying arm, the Pharmaceutical Research and Manufacturers of America (PhRMA), launched an expansive new campaign Monday aimed at getting the public – and, critically, lawmakers – to sympathize with the increasingly maligned industry, which has been slammed left and right …