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Pharma Bro Martin Shkreli Banned For Life From Drug Industry in Monopoly Case, Ordered To Pay $64.6 Million

fahrbot-bot writes: A federal judge on Friday ordered notorious "Pharma Bro" Martin Shkreli banned for life from the pharmaceutical industry and also ordered him to pay $64.6 million in profits he earned from hiking the price of the life-saving drug Daraprim by more than 5,000% overnight. The ruling in U.S. District Court in Manhattan came in response to a lawsuit alleging illegal and monopolistic behavior connected with Daraprim by the incarcerated securities fraudster Shkreli. The plaintiffs...
Tags: New York, California, Tech, Manhattan, Federal Trade Commission, Martin Shkreli, Daraprim, U S District Court, Shkreli, Pharma Bro Martin Shkreli, Vyera Pharmaceuticals, Letitia James Shkreli


Federal judge bans Martin Shkreli from the pharmaceutical industry for life, orders him to pay $64.6 million fine

Martin Shkreli during his wire fraud trial in New York in 2017.Drew Angerer / Getty Images Former pharmaceutical executive Martin Shkreli was handed a lifetime ban from the industry and ordered to pay a $64.6 million fine, according to a federal judge's ruling on Friday.Shkreli was sued in January 2020 for allegedly violating antitrust rules over fixing the price of the anti-parasitic drug Daraprim and delaying "the entry of generic competition for at least eighteen months," according to t...
Tags: New York, News, Drugs, Finance, US, Trends, Martin Shkreli, Pharma Bro, Shkreli, Letitia James, Denise Cote, Breaking, Speed desk, Jake Epstein Taiyler Simone Mitchell


‘Pharma Bro’ Case: $40M Settlement Announced Over Daraprim Hike; Martin Shkreli Trial To Move Forward

SACRAMENTO (CBS13) — California’s attorney general has announced a $40 million settlement in the price gouging case against the notorious “Pharma Bro” Martin Shkreli. The settlement was against Vyera Pharmaceuticals and parent company Phoenixus. Shkreli and those pharmaceutical companies were accused in 2015 of buying the rights for the life-saving drug Daraprim, then raising its price by more than 4000% – going from $17.50 a table to $750. “Overnight, Daraprim went from an affordable and access...
Tags: News, California, Local, Syndicated Local, Sacramento, Federal Trade Commission, Ftc, Martin Shkreli, Shkreli, AG, Rob Bonta, Vyera Pharmaceuticals, CBSN Sacramento Feed, Kevin Mulleady, Phoenixus Shkreli


RZA Regrets Selling One-Of-A-Kind Wu-Tang Album To Martin Shkreli

The saga of the one-of-a-kind Wu-Tang Clan album Once Upon A Time In Shaolin has been told and retold as each new twist unfolds, but in case you’re new to this story: Wu-Tang mastermind RZA recorded the album in secret with co-producer Cilvaringz over six years. In 2015, they auctioned the only existing copy, packaged in an elaborate silver jewel-encrusted box, to disgraced “pharma bro” and former post-hardcore benefactor Martin Shkreli for $2 million with the provision that it could not be comm...
Tags: Music, News, US, Wu Tang, Martin Shkreli, Wu-tang Clan, Rza, Shkreli, Cilvaringz


The one-of-a-kind Wu Tang Clan album made infamous by Martin Shkreli was sold by the government to a crypto collective

Wu-Tang Clan perform during their 25th Anniversary Tour at Michigan Lottery Amphitheatre on May 31, 2019. Scott Legato/WireImage The US government sold Wu-Tang Clan's one-of-a-kind album to a crypto collective called PleasrDAO. The album was sold as part of "pharma bro" Martin Shkreli's monetary judgment. PleasrDAO came into the spotlight previously after purchasing an NFT of the "doge" meme. Wu-Tang Clan's one-of-a-kind album - once owned by Martin Shkreli - was bought by a ...
Tags: New York City, US, Trends, Markets, New York Times, The Times, Crypto, Wu Tang, Michigan, Wu Tang Clan, Times, Doge, Cryptocurrencies, Cnbc, Martin Shkreli, Shkreli


1091 Pictures Buys Martin Shkreli Documentary ‘Pharma Bro’ (EXCLUSIVE)

1091 Pictures has acquired “Pharma Bro,” a look at the rise and fall of Martin Shkreli, the pharmaceutical tycoon whose price hiking of drugs made him a textbook example of avarice run amok. The film by Brent Hodge links Shkreli’s story to the 21st century prominence of bro culture. It contains interviews with Wu-Tang Clan’s […]
Tags: News, Wu Tang, Martin Shkreli, Pharma Bro, Shkreli, Brent Hodge, 1091 Pictures, Documentaries to Watch


Martin Shkreli's Wu-Tang Clan album sold off to pay his debts

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
Tags: Post, News, Wu Tang, Department Of Justice, Martin Shkreli, Wu-tang Clan, Pharma Bro, Shkreli


‘Pharma bro’ Martin Shkreli’s $2m Wu-Tang Clan album sold by US government

The album, purchased by Shkreli for $2m, was bought for an undisclosed sumAn unreleased Wu-Tang Clan album that “Pharma Bro” entrepreneur Martin Shkreli forfeited after his securities fraud conviction was sold Tuesday for an undisclosed sum, though prosecutors say it was enough to fully satisfy the rest of what he owed on a $7.4m forfeiture order he faced after his 2018 sentencing.The entrepreneur once boasted that he paid $2m in 2015 at auction for Once Upon a Time in Shaolin, the 31-track doub...
Tags: US, World news, US news, Wu-tang Clan, Martin Shkreli, Shkreli


US auctions off ‘Pharma Bro’ Shkreli’s Wu-Tang album

By Larry Neumeister | Associated Press NEW YORK — An unreleased Wu-Tang Clan album forfeited by Martin Shkreli after his securities fraud conviction was sold Tuesday for an undisclosed sum, though prosecutors say it was enough to fully satisfy the rest of what he owed on a $7.4 million forfeiture order he faced after his 2018 sentencing. The entrepreneur known as “Pharma Bro” once boasted that he paid $2 million in 2015 at auction for “Once Upon a Time in Shaolin,” the 31-track double album the ...
Tags: New York, Crime, News, US, Sport, Soccer, Brooklyn, Manhattan, Courts, Wu Tang, Associated Press, Lil Wayne, Wu Tang Clan, Martin Shkreli, Rza, Pharma Bro


'Pharma Bro' Martin Shkreli's One-of-a-Kind Wu-Tang Clan Album Sold By US Government

H_Fisher writes: Only one copy exists of the Wu-Tang Clan album Once Upon a Time in Shaolin, and it was owned by "Pharma Bro" Martin Shkreli. Now, NPR reports that this album has been sold by the U.S. government to an unnamed buyer in order to pay Shkreli's civil forfeiture judgment following his conviction for securities fraud. The album, which was originally sold for $2 million, exists only as one physical CD copy. It was seized along with other assets in 2018, and while the sale price and buy...
Tags: US, Tech, Wu Tang, Shkreli, Pharma Bro Martin Shkreli, Pharma Bro Martin Shkreli Now NPR


The U.S. Government Has Sold Martin Shkreli's One-of-a-Kind Wu-Tang Album

The sole copy of the Wu-Tang album previously owned by convicted edgelord Martin Shkreli has moved on to a better place, hopefully. The Department of Justice announced today that the federal government has sold the album to an unknown buyer for an unknown price. In 2018, RZA said that he wanted to be that buyer.Read more...
Tags: Science, Ebay, Albums, Wu Tang, Department Of Justice, Wu Tang Clan, Michael Jackson, I, Bernie Sanders, Mona Lisa, Martin Shkreli, Rza, Once Upon A Time In Shaolin, Ghostface Killah, Shkreli, Stone


Activist investors are trying again to seize control of 'Pharma Bro' Martin Shkreli's biotech company, according to a report

Martin Shkreli Reuters Activist investors want to seize Shkreli's 44% stake in Phoenixus, The New York Post reported. They failed to replace its board of directors Monday after Shkreli voted against the move from prison. Shkreli infamously hiked up the price of life-saving drug Daraprim by 5,000% in 2015. See more stories on Insider's business page. Activist investors are attempting to seize control of "Pharma Bro" Martin Shkreli's 44% stake in Phoenixus, his controversial biot...
Tags: Post, New York Post, New York, Trends, Brooklyn, Healthcare, The New York Times, Federal Trade Commission, Martin Shkreli, Daraprim, Turing Pharmaceuticals, Pharma Bro, Shkreli, Pharma Bro Martin Shkreli, Letitia James, Activist Investors


The weird romance between "PharmaBro" Martin Shkreli and the journalist who first broke the news about his bullshit

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. Yes really: Soon after quitting Bloomberg, Smythe visited Shkreli again, fuming about the book industry's rejection of him—and her. — Read the rest
Tags: Post, News, Bloomberg, Martin Shkreli, Pharma Bro, Shkreli, Bad Romance, Christie Smythe, Roast In Hell Martin Shkreli, The Vampire& 039, s Wife, PharmaBro Martin Shkreli, PharmoBro Martin Shkreli, Bloomberg Smythe


'Why Would I Slink Off?': Bloomberg Journalist Who Left Job, Husband for Martin Shkreli Has No Regrets

When asked to comment on the Elle article about their relationship, Shkreli said he “wishes Ms. Smythe the best of luck in her future endeavors.”
Tags: Bloomberg, Elle, Martin Shkreli, Shkreli


Ex-Bloomberg Reporter, Christie Smythe, Who Covered Martin Shkreli Reveals Relationship With Him

Christie Smythe helped break the story of Mr. Shkreli’s arrest in 2015. Then she “started to fall for him,” she said, and quit her job...
Tags: Bloomberg, Martin Shkreli, Shkreli, Christie Smythe


Martin Shkreli’s Long History of Harassing Female Journalists

A new Elle story about a reporter who blew up her life to pursue a romance with Shkreli glosses over an important part of the Pharma Bro’s story.
Tags: Elle, Martin Shkreli, Pharma Bro, Shkreli, Long History of Harassing Female Journalists


A Bloomberg reporter got divorced and froze her eggs to pursue a romance with imprisoned 'Pharma Bro' Martin Shkreli

Former pharmaceutical executive Martin Shkreli and lead attorney Benjamin Brafman depart US District Court for the Eastern District of New York, August 3, 2017 in the Brooklyn borough of New York City. Drew Angerer/Getty Images Bloomberg News reporter Christie Smythe got divorced, quit her reporting job, and froze her eggs in pursuit of a romantic relationship with Martin Shkreli, she told Elle. Smythe broke the news that Shkreli was under federal investigation in 2015, before becoming inc...
Tags: New York, Crime, News, Relationships, Trends, Bloomberg, Brooklyn, Nih, US District Court, Elle, Clifford, Ftc, Martin Shkreli, Pharma Bro, Bloomberg News, Shkreli


Jailed "pharma bro" Martin Shkreli fails to end lawsuit against him

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." The defendants were accused of scheming to block generic equivalents of Daraprim from enteri...
Tags: Post, New York, News, Law, Martin Shkreli, Pharma Bro, Shkreli


Judge denies Shkreli’s “delusional self-aggrandizing” plea to get out of jail (ars technica)

Enlarge / NEW YORK - AUGUST 4: Shkreli was found guilty on three of the eight counts involving securities fraud and conspiracy to commit securities and wire fraud. (credit: Getty | Drew Angerer) A federal judge on Saturday denied Martin Shkreli’s request for a “compassionate release” from prison, which was pitched as a way to protect him from contracting the new coronavirus—and to help him work on a cure for COVID-19 so he could save the rest of the world. Lawyers for the infamous ex-pharmaceu...
Tags: News, Martin Shkreli, Beth Mole, Shkreli, Angerer


Martin Shkreli: 'Delusional' jailed 'pharma bro' denied early release from prison to find coronavirus cure

A judge has rejected a request by disgraced pharmaceutical executive Martin Shkreli to be released from prison amid the coronavirus pandemic.Shkreli, known as the "Parma Bro", is serving a seven-year sentence after being convicted in 2017 for lying to investors about the performance of two hedge funds he was running, as well as defrauding investors in a drug company.
Tags: News, Parma, Martin Shkreli, Shkreli


Martin Shkreli Requests Early Prison Release To Cure COVID-19

Pharmaceutical fraudster dipshit Martin Shkreli is the latest notable to request an early prison release due to the COVID-19 pandemic. In Shkreli's case, his lawyers are arguing that his release would help him to further his research into coming up with a cure for coronavirus. Per Bloomberg, Shkreli says that he "has been … More »
Tags: Music, News, Martin Shkreli, Shkreli, Bloomberg Shkreli


Martin Shkreli Wants a 3-Month Release From Prison to Help With COVID-19 Research

Martin Shkreli, the “Pharma Bro” who is serving out a seven-year prison sentence for securities fraud, says he wants a three-month “furlough” from incarceration to help assist with COVID-19 research.“The industry response to COVID-19 is inadequate. All biopharmaceutical companies should be responding with all resources to combat this health emergency,” Shkreli wrote in a document released online with four other associates. “As a successful two-time biopharma entrepreneur, having purchased multip...
Tags: News, Martin Shkreli, Shkreli, U.S


Column: 'Pharma bro' Martin Shkreli wants out of prison to find a cure for coronavirus

In act of chutzpah, 'Pharma bro' Shkreli seeks prison release to find a coronavirus cure.
Tags: News, Pharma, Martin Shkreli, Shkreli


Martin Shkreli Faces New Accusations Over High-Priced Drug

A lawsuit by the Federal Trade Commission and New York’s attorney general says his company blocked generic rivals after sharply raising the cost of Daraprim.
Tags: New York, News, Federal Trade Commission, James, Martin Shkreli, Shkreli, Antitrust Laws and Competition Issues, Letitia, Toxoplasmosis, Drugs (Pharmaceuticals, Martin (1983-, Vyera Pharmaceuticals LLC


NY, feds sue 'Pharma Bro' for 'scheme' to keep drug price up

State and federal authorities sued imprisoned entrepreneur Martin Shkreli on Monday over tactics that shielded a profitable drug from competition after a price hike made the so-called “Pharma Bro” infamous. Shkreli was scorned as the bad-boy face of pharmaceuticals profiteering after he engineered a roughly 4,000% increase in the price of a decades-old medication for a sometimes life-threatening parasitic infection. At least four potential competitors have so far been kept from making cheaper ...
Tags: News, Martin Shkreli, Pharma Bro, Shkreli


New York and Federal Authorities Sue ‘Pharma Bro’ Martin Shkreli for ‘Scheme’ to Keep Drug Price Up

NEW YORK — State and federal authorities sued imprisoned drug entrepreneur Martin Shkreli on Monday over business tactics that helped make him the bad-boy face of profiteering in the pharmaceuticals industry, seeking to bar the so-called “Pharma Bro” from the industry for life. Shkreli became infamous in 2015 for engineering a huge price hike for a long-existing medication for a sometimes life-threatening parasitic infection. Monday’s lawsuit, filed by the New York attorney general’s office...
Tags: New York, News, Uncategorized, Federal Trade Commission, Ftc, Martin Shkreli, Daraprim, Turing Pharmaceuticals, Shkreli, Letitia James, Onetime, Pharma Bros, Phoenixus AG, Federal Authorities Sue ` Pharma Bro, Vyera Pharmaceuticals LLC, Gail Levine


The FTC and New York attorney general are suing 'Pharma Bro' Martin Shkreli, claiming he created an illegal monopoly by raising a drug price by over 4,000%

New York Attorney General Letitia James said in a statement that Shkreli stifled competition by raising the price of a life-saving drug.
Tags: New York, Science, Ftc, Shkreli, Pharma Bro Martin Shkreli, Letitia James


THE OBAMACARE DECADE: Top healthcare leaders who worked for Trump, Obama, and Bush share the biggest healthcare developments of the 2010s

The 2010s were a decade defined by massive advancements in biology and health.  The US saw a generational shift in health policy, thanks to the Affordable Care Act. At the same time, genomics and the use of new treatments that harness the body's immune system changed the way we treat cancer.  The Business Insider healthcare team looked back at our reporting and turned to the experts to break out the decade's biggest healthcare developments. Subscribe to Dispensed, Business Insider's weekly hea...
Tags: Supreme Court, Obamacare, Congress, Senate, US, America, Barack Obama, Trends, Merck, Canada, Hillary Clinton, United States, House, Jimmy Carter, Cigna, Food And Drug Administration


Martin Shkreli's appeal denied

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. That means he's going to have to serve the rest of his 7-year sentence and forfeit his $6.4 million fine. While his fraud case was pending, Shkreli won the hearts of Trumpsters when he put a bounty on a strand of hai...
Tags: Post, News, Hillary Clinton, Trolls, Fraudsters, Martin Shkreli, Turing Pharmaceuticals, Pharma Bro, Shkreli, House Committee, Felons, CNBC The Supreme Court


Morning Docket: 10.31.19

* Johnny Depp has settled a lawsuit against his former attorney who allegedly bilked him out of millions. In other words: Jack Sparrow has bested another pirate. [Bloomberg] * Hillary Clinton told an audience at Georgetown Law yesterday that she played a pivotal role in the selection of RBG to the Supreme Court. Maybe she'll play herself in the next RBG movie. [CNN] * Actor Cuba Gooding Jr. has been charged with unlawfully touching a third woman. [Yahoo Entertainment] * Attorneys handling t...
Tags: Law, Bloomberg, Hillary Clinton, Johnny Depp, Ruth Bader Ginsburg, Cuba Gooding Jr, Martin Shkreli, R. Kelly, Evan Greebel, Reuters, Aoc, Kelly, Shkreli, Second Circuit, Equifax, Jack Sparrow