GUILTY NY - Martin Shkreli, drug price-gouging CEO, arrested for fraud, Dec 2015

It certainly has not been easy to get jurors for this guy!

https://www.washingtonpost.com/news...her-kind-of-limelight/?utm_term=.369a35b6ed86

Shkreli sat a few feet away by himself, intermittently appearing to write on a yellow pad or staring up at the ceiling. Dressed in a gray suit and no tie, he yawned and leaned his head against his arm. In the back row of the courtroom sat his father. During one break, Shkreli greeted friends in the courtroom and warned them to stay away from “fake news.”

By 1 p.m. on the second day of the trial, more than 200 potential jurors were interviewed, but not a single one had been seated.

(Citing negative news coverage) Shkreli’s attorney requested a mistrial, which was denied.

Shkreli’s emergence on the national stage coincided with a larger debate about rising drug prices, and Shkreli appeared to relish the attention, or at least not shrink from it. Even after he was arrested in December 2015, he spent hours on YouTube chronicling his life for fans and was eventually kicked off Twitter for harassing a freelance journalist. When he appeared before a congressional committee last year, he smirked and grinned while refusing to answer questions. Afterward on Twitter, he called the lawmakers “imbeciles.”
Shkreli’s attorney urged him to stay quiet, but the former hedge fund manager repeatedly took to social media.


When Shkreli asked this month for his $5 million bail to be reduced to $2 million, his loquaciousness worked against him. Brafman told the court that Shkreli didn’t have any cash and needed to pay taxes and legal fees. But skeptical prosecutors noted that Shkreli had bragged about his wealth, including flaunting that he had paid millions for a Picasso painting, a one-of-a-kind Wu-Tang Clan album, and a World War II-era Enigma code-breaking machine used against Nazi Germany.
Those statements should not be taken seriously, his attorney responded. “Tweeting has become, unfortunately, so fashionable, and when people tweet, they don’t always mean what they say,” Brafman said.
The judge denied the request.
 
http://www.cnbc.com/2017/06/27/judg...or-mistrial-in-martin-shkreli-fraud-case.html

[h=1]Judge rejects defense bid for mistrial in Martin Shkreli fraud case after lawyer blasts negative press coverage[/h]
  • Martin Shkreli gained notoriety for a 5,000 percent drug price hike.
  • He is accused of ripping off a drug company he ran to repay defrauded investors.
  • Several potential jurors were excused for bias after telling the court they think he's a "snake," a "price gouger," "the face of corporate greed."





Judge Kiyo Matsumoto also knocked down the defense's request that a pool press reporter not be allowed to listen in on sidebar interviews with prospective jurors, which is where those people have been voicing their blunt views on the notorious Shkreli.

A group of 69 potential jurors has been assembled by midday Tuesday, after more than 200 people were screened over the course of two days for conflicts related to their personal situation or opinions of Shkreli.

The morning session began with a closed-door hearing with prosecutors and defense lawyers. At the hearing, Brafman later indicated, he had raised his request for a mistrial, which would have allowed the trial to start afresh with a new pool of jurors in several weeks.

After a group of reporters contacted their own lawyers, the Brooklyn courtroom was open to the media.

When Brafman began talking to Matsumoto publicly about the negative comments about his client, Shkreli smirked broadly at reporters in the gallery. Sitting behind those journalists was Shkreli's father.

The judge plans to seat 12 jurors with six alternates.
Shkreli is being tried ahead of co-defendant Evan Greebel, who was a business lawyer for Retrophin. Greebel, who likewise has pleaded not guilty, is expected to go on trial later this year.
While maintaining Greebel's innocence, the co-defendant's lawyers earlier this year called Shkreli a serial liar who is "guilty" of fraud.


 
I take some pleasure in this!

FOUND GUILTY OF 3 counts SECURITIES FRAUD! (Bold and color by me)

http://www.chicagotribune.com/business/ct-martin-shkreli-fraud-trial-20170804-story.html
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
.



https://www.cnbc.com/2017/08/04/pharma-bro-martin-shkreli-convicted-in-federal-fraud-case.html
He faces up to 20 years in prison when he is sentenced.

The charges were unrelated to Shkreli's first claim to public notoriety: raising the price of an anti-parasite drug called Daraprim by more than 5,000 percent in 2015, while heading another company, Turing Pharmaceuticals.
However, Shkreli was indicted in the federal case several months after that price increase came to light, and after he reveled in the widespread scorn that followed.
 
I know many of you do not like Daily Mail...so here is a back up to info from Reuters and CNBC. MS will be held responsible for $10.4 million dollars in defrauding losses to investors, Per US District Judge Kiyo Matsumoto.

Next court date is March 9. Judge Matsumoto will decided federal sentencing.

Benjamin Brafman, MS's lawyer, was disappointed but feels the court will 'impose a reasonably lenient sentence''.

MS is still in jail since September 2018 for 'offering a $5000.00 bounty for a strand of Hillary Clinton's hair in a FB post."

MS can get no time, 18 months or up to 10 years.....more info at the media sites below.






http://www.dailymail.co.uk/news/article-5437069/Judge-rules-against-Pharma-Bro-investor-losses.html

https://www.reuters.com/article/us-...0-4-million-in-losses-u-s-judge-idUSKCN1GA2DB

https://www.cnbc.com/2018/02/26/ruling-means-pharma-bro-could-get-decade-or-more-in-prison.html
 
The ugly face of crony capitalism in America today where money changers are only taken to task when and if they only rob from the extremely powerful or too many millions of downtrodden people who would otherwise, remain irrelevant.

Who was that who simply told Congress he had no idea where that 2.6? billion dollars went he stole from millions of working people, then walked out unscathed?

Interesting that when members of Congress, from both sides of the aisle, were caught red-handed in equally atrocious illegal acts of greed, the SEC told Congress, 'we could prosecute you, but, it would be hard'.


So Congress placated the people passing the STOCK Acts whose implementation has been delayed since it's passing. The Stock Act was to show via a website accessible to all, the trades of over 3000 members and assistants to Congress.

STOCK Act - Wikipedia

Section 11 has yet to be implemented and it is put off each and every time it comes up.

Also, the SEC made it clear that securities and insider trading laws have always applied to Congress so this STOCK act was nothing more than a waste of paper to quiet a few vocal Americans.

Oh, here is why, they gutted it for ridiculous self-serving reasons.

Amendment
The STOCK Act was modified on April 15, 2013, by S.716. This amendment modifies the online disclosure portion of the STOCK Act so that some officials, but not the President, Vice President, Congress, or anyone running for Congress, can no longer file online and their records are no longer easily accessible to the public. In Section (a)2, the amendment specifically does not alter the online access for trades by the President, the Vice President, Congress, or those running for Congress.[11] The reasoning for this change was to prevent criminals from gaining access to the financial data and using it against affected persons. This bill was introduced by Senator Harry Reid on April 11, 2013. It was considered by the Senate and passed by unanimous consent. In the house, S.716 received only 14 seconds before being passed by unanimous consent.[12]

Does anyone know where this website is?

I suppose not climbing onto the "Greed Is Good" train that started rolling through America in the early 80's was an error. All it would have required was checking my morals at the boarding station.

This smirking kid never had them to check anywhere and was likely raised by biological units having about the same level of empathy as a starving rattlesnake.

It is very saddening to see such a clear example of our society's decline.
 
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'Pharma bro' Martin Shkreli settles all cases with Retrophin weeks after suing drug company's directors from prison

MS settled all cases with Retrophin.

  • “Notorious “pharma bro” Martin Shkreli has reached a settlement with his former biopharmaceutical company Retrophin to resolve “all outstanding disputes” just weeks after he sued two company directors and its ex-general counsel from prison.
  • Shkreli’s suit, now dismissed, accused Retrophin’s chairman of the board of directors, Gary Lyons, former company CEO Stephen Aselage, who currently is a director, and the firm’s former top lawyer, Margaret Valeur-Jensen, of using fraud to oust him as head of the company in 2014.
  • Shkreli became infamous in 2015 after the company he founded following his ouster from Retrophin – Turing Pharmaceuticals — hiked the price of its drug Daraprim by more than 5,000%.”
Does anyone know if the felon MS will be banned from being involved with any type of pharmaceutical companies or any other business once he is released from prison?
 
Shkreli stays in jail; Infamous ex-pharma CEO quickly loses appeal


'Pharma Bro' Martin Shkreli Loses Appeal, Will Stay In Prison


Fraud conviction of 'pharma bro' Martin Shkreli upheld by federal appeals court


Felon loses his appeal.

High points from CNBC in quotes, article is longer.
  • “A federal appeals court has 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 fraud and one count of conspiracy to commit securities fraud.
  • He was convicted after a 2017 trial in Brooklyn federal court where prosecutors introduced evidence that he had repeatedly lied to investors about the performance of two hedge funds he ran, and then used money invested in those funds to help start the pharmaceuticals company Retrophin.”
 
FDA approves a generic version of the drug Martin Shkreli monopolized

FDA approves a generic version of the drug, Daraprim that MS raised the cost of this drug by 5,000%.

MS company is now called Phoenixus. Cerovene is the new company making the generic Daraprim. No cost as been set yet.

“In 2017, the FDA created a program to prevent companies like Phoenixus from engineering monopolies on off-patent drugs, promising to close loopholes and speed up the review of competing generics. Cerovene’s approval is a result of that effort, according the agency.”

The new generic drug will hurt Phoenixus. It has declining earnings, losing income according to financial statements, along with problems within the company.

Daraprim was the major earning drug for Phoenixus.

“Shkreli, who is serving a seven-year sentence for securities fraud, maintains a controlling stake in Phoenixus.”
 
Martin Shkreli Faces New Accusations Over High-Priced Drug

MS faces new accusations in high cost medication....article is from January 27, 2020.

MS was accused ‘of trying to maintain a monopoly over the lifesaving drug Daraprim through anticompetitive tactics.’

“The Federal Trade Commission and the office of the New York attorney general, Letitia James, jointly sued Vyera Pharmaceuticals and the company’s owners, Mr. Shkreli and Kevin Mulleady, in a federal court in Manhattan. They say Vyera and its leaders had an “elaborate and anticompetitive scheme” that blocked generics from entering the market after the company jacked up prices of Daraprim.”


In August 2015 Vyera bought the rights to Daraprim. That’s when the price Of the medication went from under $20.00 to over $750.00. Vy
“Vyera bought the rights to Daraprim in August 2015, it raised the price per tablet to $750 from less than $20.

“Daraprim is the only drug approved by the Federal Drug Administration to fight toxoplasmosis, which can kill people who have compromised immune systems, including babies and H.I.V. patients.”

“After Vyera raised its prices, it tried to block competitors from creating generic versions by restricting access to samples and ingredients necessary to produce the drug, the suit says.

Mr. Shkreli denies the claims.”

in the filing it said people would have saved millions of dollars if they could have purchased the generic form.

“Ms. James said her office was seeking to block Mr. Shkreli from working again in the pharmaceutical industry.

“We won’t allow ‘pharma bros’ to manipulate the market and line their pockets at the expense of vulnerable patients and the health care system,” she said.”
 
Felon Martin Shkreli wants a 3 month furlough to help find a cure for Choronavirus.
  • 'The biopharmaceutical industry has a large braintrust of talent that is not working on this problem,' Shkreli claimed in a Prospero Pharma manuscript
  • He wrote that companies have deprioritized or even abandoned infectious”
He is to be released September 2023.

IMO...I don’t trust him at all.


https://www.dailymail.co.uk/news/article-8196001/PharmaBro-Martin-Shkreli-wants-released-prison-three-months-work-COVID-19-cure.html
 
Well, the felon tried to get an early release.

Felon first asked for a “three-month release in April so he could assemble a team to solve the coronavirus, which has killed 1,500,670 Americans and killed 89,563.”

denied....Judge “Matsumoto also did not believe Shkreli's claims that his allergies and asthma made him more susceptible to the coronavirus”. The Judge felt his health was very good and he had no pre-existing conditions. He was not at high risk for virus.

Denied...The Judge said releasing the felon “would protect the public” “even though Mr. Shkreli seeks to leverage his experience with pharmaceuticals to help develop a cure for Covid-19 that he would purportedly provide at no cost,' an order read, according to Blooomberg.”

TMZ said the felons “intentions to discover a cure that has 'so far eluded the best medical and scientific minds in the world working around the clock' is exactly the type of 'delusional self-aggrandizing behavior' he exhibited before his 2018 conviction.”

Also a comment that the prison the felon is in according to FCI Allenwood, “has no reported instances of coronavirus infections or deaths.”

The felons “official release date is scheduled for October 2023.”

AND yes there is an AND

“Three weeks ago, Shkreli also revealed he's engaged and requested to spend the rest of his sentence with her at her Manhattan apartment.”

The finances name was redacted in papers so she is still a secret....

I hope courts can charge him with more crimes so he stays in prison longer. JMOO

Links below and there are more links if anyone cares to look for them

Attempted release from prison denied info link
https://www.dailymail.co.uk/news/article-8327361/Pharma-Bro-Martin-Shkreli-DENIED-early-release-prison.html

engagement link
[URL]https://nypost.com/2020/04/22/pharma-bro-martin-shkreli-is-engaged/
[/URL]
 
May 30 2023
1685530225905.png
''Martin Shkreli, the former pharmaceutical chief executive officer who served almost seven years in prison for securities fraud, is earning $2,500-a-month consulting for a law firm and living with his sister in Queens, New York, according to the US Probation Office.''

''Shkreli, 40, has had a mostly “positive adjustment” since being released from prison last year and is currently employed by the Law Office of Christopher K. Johnston LLC, according to a probation report filed Tuesday in federal court in Brooklyn, New York.''
 

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