Tag Archives: Martin Shkreli

The New York Post reports: Pharma Bro Martin Shkreli was slapped with a class action lawsuit Thursday from health insurers who claim he engaged in a scheme to create a pharmaceutical monopoly that allowed him to raise the price of an HIV drug by more than 4,000 percent. In the Manhattan federal court suit, Blue Cross and Blue Shield of …

The Daily Beast reports: A former Bloomberg News reporter quit her job, divorced her husband, and froze her eggs for imprisoned former CEO Martin Shkreli, known as the “Pharma Bro,” who now refuses to talk to her, Elle reported Sunday. Christie Smythe first broke the news of Shkreli’s arrest on fraud charges in December 2015.  Smythe said she and Shkreli …

The New York Post reports: The Pharma Bro is staying behind bars another three years, despite his claimed fears of being at risk from the coronavirus. A federal judge in Brooklyn has denied Martin Shkreli’s request to be released early, citing his good health and low-risk at the Allenwood Low Federal Correctional Institution, where he’s currently confined. Adding insult to …

The Hill reports: Controversial pharmaceutical CEO Martin Shkreli called for his temporary release from prison on Tuesday in an 11-page scientific paper posted to a pharmaceutical company’s website. In the paper, Shkreli asks for a three-month furlough from his prison sentence in order to assist in the development of a cure for coronavirus. “I am asking for a brief furlough …

Reuters reports: Martin Shkreli, the “pharma bro” in prison for defrauding investors, faces a lawsuit filed by the Federal Trade Commission and New York attorney general’s office for an alleged scheme to preserve his monopoly for the drug Daraprim, whose price increased by more than 4,000% in one day. The lawsuit accuses a company that Shkreli once ran of buying …

CBNC reports: The Supreme Court on Monday denied notorious “pharma bro” Martin Shkreli’s request to hear an appeal of his criminal conviction for securities fraud. The rejection means that Shkreli, 36, will have to serve out the remainder of his seven-year prison term, and forfeit more than $6.4 million. Shkrekli’s appellate lawyer, Mark Baker, told CNBC that “all [Supreme Court] …

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 …