Martin Shkreli

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Martin Shkreli Is Now in Federal Prison

'Pharma bro' wanted to go to minimum-security camp but was denied

(Newser) - Martin Shkreli wanted to serve out the remainder of his seven-year sentence at a minimum-security federal camp, but that request was denied and the 35-year-old "pharma bro" was transferred Tuesday to a federal prison in New Jersey. Shkreli, the infamous former pharmaceuticals company head convicted of defrauding hedge-fund investors... More »

Shkreli Looked Forward to Psych Test. It Didn't Go Well

He predicted press would 'squirm' when seeing great results

(Newser) - The negative headlines keep on coming for Martin Shkreli, even after his seven-year sentence over securities fraud. Newly unredacted court documents show that the 35-year-old thought he'd aced his psychiatric evaluation and hoped it would be made public to show reporters how smart he was, reports CNBC . "I... More »

'Pharma Bro' Breaks Down Before 7-Year Prison Sentence

Martin Shkreli sentenced for securities fraud

(Newser) - It turns out Martin Shkreli was a little off when he predicted he would only spend a few months in a "Club Fed" prison. The New York Daily News reports the "Pharma Bro," "international villain," and "most hated person in America" was sentenced to... More »

'Pharma Bro' Faces High-Stakes Sentencing

Prosecutors want Shkreli to get 15 years

(Newser) - Is "Pharma Bro" Martin Shkreli a master manipulator who conned wealthy investors or a misunderstood eccentric who used unconventional means to make those same investors even wealthier? A federal judge in Brooklyn will have to weigh the conflicting portrayals of the former pharmaceutical company CEO on Friday at his... More »

More Bad News for 'Pharma Bro'

Judge orders Martin Shkreli to forfeit $7.3M in assets as part of securities fraud punishment

(Newser) - "Pharma Bro" Martin Shkreli will have to forfeit more than $7.3 million in assets that include his one-of-a-kind Wu-Tang Clan album as part of his punishment in his securities fraud case , a judge ruled Monday. US District Judge Kiyo Matsumoto issued the order against the jailed Shkreli four... More »

Judge Rules Against 'Pharma Bro'

Judge rules Martin Shkreli is liable for nearly $10.5M in investor losses

(Newser) - "Pharma Bro" Martin Shkreli was responsible for nearly $10.5 million in losses in a securities fraud scheme, a judge ruled Monday, a blow to the defense that could result in a harsher sentence for the eccentric former pharmaceutical company CEO. The US District judge rejected arguments by Shkreli'... More »

Government Seized Shkreli's Nazi Code Machine

They also auctioned off letters from Isaac Newton and Charles Darwin

(Newser) - Martin Shkreli owes New York hundreds of thousands of dollars, and to get it back the state's tax office has been seizing and selling some of the most prized possessions of the so-called "pharma bro." On Friday, state tax officials told CNBC they had already auctioned off... More »

Lawyer Guilty of Helping Shkreli Cover Up Fraud

Verdict sends a powerful message, prosecutor says

(Newser) - A lawyer accused of helping Martin Shkreli cover up financial fraud was convicted on Wednesday, a result a prosecutor said should send a "powerful message" through the legal profession. After an 11-week trial, Evan Greebel was convicted by a federal jury in Brooklyn of conspiring to commit securities fraud... More »

Wu-Tang Has Message for Shkreli, Via a Song

'Lesson Learn'd' will be on group's new album coming out Oct. 13

(Newser) - Martin Shkreli may have once boasted the "rarest album ever created," but not everyone's impressed—most notably, the guys behind that coveted list of tracks. And to show their distaste for "Pharma Bro," Wu-Tang Clan has dedicated a brand-new track on its new Wu-Tang: The ... More »

Martin Shkreli Has Some Unsavory Jail Mates

He's locked up in the same facility as mob and terrorism suspects

(Newser) - Inmate No. 87850-053 has no internet. The AP reports that could be the least of the inconveniences ahead for Martin Shkreli, whose online rantings about Hillary Clinton prompted a judge this week to revoke his bail and put him in the Metropolitan Detention Center, a fortress-like federal jail that also... More »

Pharma Bro Shkreli Jailed Over Clinton Hair Bounty

Judge revokes former pharmaceutical CEO's bail

(Newser) - Martin Shkreli jacked up the price of a life-saving drug, bought the only copy of a new Wu-Tang Clan album, and committed securities fraud. But it was offering $5,000 for a strand of Hillary Clinton's hair that finally proved a bridge too far. Bloomberg reports a judge revoked... More »

DOJ: Revoke Shkreli Bail Over Hillary Remarks

He's a 'danger to the community,' motion filed Thursday states

(Newser) - Martin Shkreli's lawyer may think his client is "brilliant beyond words," but the convicted pharmaceutical exec's latest move on social media wasn't exactly a genius one. Per LawNews , the Justice Department filed a motion Thursday to revoke Shkreli's $5 million bail after a now-deleted... More »

Shkreli Selling 'Rarest Album Ever Created'

Proceeds of sale of Wu-Tang Clan album to go to 'medical research'

(Newser) - The " rarest album ever created " is again up for grabs. Martin Shkreli, who bought the sole copy of Wu-Tang Clan's Once Upon a Time in Shaolin for a reported $2 million in a 2015 deal that required he keep it from the public for 88 years, has... More »

There Are 2 Martin Shkrelis in Court

The other Martin Shkreli is charged with running guns

(Newser) - A defendant in a money laundering case has at least two things in common with "Pharma Bro" Martin Shkreli—the same name and the same judge, reports the AP . The other Martin Shkreli pleaded not guilty Friday in the same New York courtroom where the former pharmaceutical CEO was... More »

Shkreli Was Convicted—Then Started Talking Trash

'Pharma bro' wasted no time

(Newser) - Less than an hour after a jury convicted Martin Shkreli of securities fraud , the so-called "Pharma Bro" was back at his New York City apartment doing what comes naturally: trash talking in a live-stream on YouTube, reports the AP . The brash former pharmaceutical CEO, who's still out on... More »

'Pharma Bro' Shkreli Convicted at Securities Fraud Trial

He was found guilty on 3 of 8 counts

(Newser) - Martin Shkreli, the eccentric former pharmaceutical CEO notorious for a price-gouging scandal and for his snide "Pharma Bro" persona on social media, was convicted Friday on federal charges he deceived investors in a pair of failed hedge funds, the AP reports. A jury deliberated five days before finding Shkreli... More »

Trumpian Words From Shkreli as Jury Starts Deliberating

'Drain the swamp. Drain the sewer that is the DOJ. MAGA,' he wrote on Facebook

(Newser) - He's been painted as both "brilliant beyond words" and a conman during his securities fraud trial—and on Monday, the jury considering Martin Shkreli's case will start deliberations on whether "inmate" will be added to that list of descriptors, reports the Guardian . Closing arguments took place... More »

At Own Trial, 'Biggest Mouth' in Pharma Finally Closes

Martin Shkreli says he decided against 'risky' move, won't testify

(Newser) - Earlier this month, prosecutors wanted Martin Shkreli to stop the "campaign of disruption" they say he'd been leading during his securities fraud trial, and they were able to get a judge to order him to stop blabbing about his case publicly. Now it looks like those sealed lips... More »

Prosecutors Want Martin Shkreli to Shut Up

They accuse him of trying to disrupt trial

(Newser) - Martin Shkreli is "making a spectacle of himself" and his securities fraud trial and he needs to be told to be quiet, prosecutors say. Prosecutors have asked a judge for a gag order banning the "Pharma Bro" from talking about the case publicly and discussing it on social... More »

Lady Gaga Cited Not Once, but Twice in Shkreli Trial Opening

Shkreli was simply 'born this way,' defense attorney argues about eccentric client

(Newser) - Is Martin Shkreli "strange" and "weird," with a "dysfunctional personality"? Yes on all counts, per Benjamin Brafman, the ex-pharma CEO's lawyer, who offered what the New York Times calls a "captivating" opening statement at Shkreli's securities fraud trial Wednesday in New York... More »

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