Martin Shkreli

Stories 1 - 20 |  Next >>

Court Upholds Lifetime Industry Ban for 'Pharma Bro'

Lawyer says Martin Shkreli's penalty is 'too severe'

(Newser) - A federal appeals court has upheld so-called "pharma bro" Martin Shkreli's lifetime ban from the pharma industry. The 2nd US Circuit Court of Appeals ruled that a judge's order almost two years ago was a "reasonable measure to protect the public from the risk of recurring...

Forbes Would Like These Under-30 Picks Back

Sam Bankman-Fried leads the way

(Newser) - Forbes would like a do-over, please. Specifically, over its annual "30 Under 30" list that celebrates the accomplishments of young entrepreneurs. So many of the honorees have wound up in disgrace over the years that it's become something of a joke, notes Business Insider . (Witness this tweet...

'Pharma Bro' Is Making Headlines Again

FTC wants Martin Shkreli held in contempt for impeding probe into ban on working in industry

(Newser) - It's been awhile since Martin Shkreli dominated the headlines, but he appears to be making somewhat of a comeback after his release from prison last year. In January 2022, the former pharmaceuticals executive deemed "Pharma Bro" by the media was ordered by a federal judge to return nearly...

Shkreli Released From Prison, Makes Joke on Facebook

He'll next go to a halfway house at undisclosed New York location

(Newser) - Martin Shkreli's new abode is a US Bureau of Prisons halfway house somewhere in New York. His lawyer on Wednesday confirmed the 39-year-old, who was convicted of securities fraud in 2017, has been released early from prison. CNBC reports his release from the Allenwood low-security federal correctional institution had...

Company That Hiked Price of Drug 4,000% Settles for $40M

Company once owned by Martin Shkreli settles claims over Daraprim

(Newser) - A company once owned by “Pharma Bro" Martin Shkreli will pay up to $40 million to settle allegations that it jacked up the price of a life-saving medication by roughly 4,000% after obtaining exclusive rights to the drug, the Federal Trade Commission announced Tuesday. The FTC said Vyera...

Feds Sell Pharma Bro's Prized Wu-Tang Album
Owners of Pharma Bro's
Wu-Tang Album Revealed

Owners of Pharma Bro's Wu-Tang Album Revealed

The collective PleasrDAO created an NFT as part of the complex deal

(Newser) - Update: We now know where Martin Shkreli's prized Wu-Tang album landed. The collective PleasrDAO took ownership of "Once Upon a Time in Shaolin" in early September, in what the New York Times calls a "complex" $4 million deal involving the creation of an NFT through which the...

She Broke News of Shkreli's Arrest, Left Husband for Him
Nobody Saw This Story
Coming About Martin Shkreli
in case you missed it

Nobody Saw This Story Coming About Martin Shkreli

Reporter covering him left her job and her husband after falling in love with 'Pharma Bro'

(Newser) - A story about "Pharma Bro" Martin Shkreli is making the rounds on Monday, and it's a doozy. It's an interview in Elle with former Bloomberg journalist Christie Smythe, who broke the news of his arrest in 2015 and then began corresponding and meeting with Shkreli. Things, as...

Ex-Journo Has More to Say About Her Shkreli Relationship

Christie Smythe follows up on viral story in 'Elle' about falling in love with 'Pharma Bro'

(Newser) - Former Bloomberg journalist Christie Smythe's "jaw-dropping" story about falling in love with Martin Shkreli had the internet buzzing on Sunday and Monday, and now she's following up with Elle , where her tale first appeared. Smythe once more spoke with interviewer Stephanie Clifford, who notes it's been...

Judge Rules No on 'Delusional' Martin Shkreli Request

Convicted 'Pharma Bro' wanted to be let out early to do coronavirus research in NYC

(Newser) - Martin Shkreli is still serving the seven-year sentence handed down to him in 2017 for defrauding investors, but the convicted pharmaceuticals executive was hoping he'd found a temporary way out. Per the Washington Post , attorneys for the man best known as "Pharma Bro" filed a request last month...

Martin Shkreli Has a Coronavirus Deal for Feds

Let him out of prison for 3 months and he'll do some research

(Newser) - Disgraced pharmaceutical CEO Martin Shkreli would like to be allowed out of federal prison for three months, pretty please. In return, the so-called "pharma bro" says he'll research treatments for COVID-19, the disease caused by the new coronavirus. "As a successful two-time biopharma entrepreneur, having purchased multiple...

Shkreli Once Again in Hot Water Over Pricey Drug

'Pharma Bro' sued by FTC, New York AG over Daraprim

(Newser) - Martin Shkreli's original controversy is back in the headlines. The disgraced CEO of Turing Pharmaceuticals first gained infamy back in 2015 when his company jacked the price of Daraprim, a lifesaving drug that treats the parasitic infection toxoplasmosis, by 5,000%. Then he went to prison over an unrelated...

Supreme Court Has Bad News for Martin Shkreli

Justices won't hear appeal of Pharma Bro

(Newser) - The Supreme Court just squelched "Pharma Bro" Martin Shkreli's best hope of avoiding the bulk of his seven-year sentence for securities fraud . The court on Monday rejected Shkreli's request that it hear his appeal, reports CNBC . The 36-year-old began serving his sentence in 2018 and now will...

'Pharma Bro' Files $30M Lawsuit From Prison

Martin Shkreli is upset over ouster from the company he founded

(Newser) - Imprisoned pharmaceutical entrepreneur Martin Shkreli sued three executives at a company he started Friday, saying they illegally ousted him and defrauded the company of millions of dollars, the AP reports. The lawsuit was filed Friday in Manhattan federal court. It seeks unspecified damages. Shkreli, 36, was dubbed the Pharma Bro...

Report: 'Pharma Bro' Now in Solitary Confinement

Move follows claims Shkreli was still running a business

(Newser) - "Pharma bro" Martin Shkreli is no longer calling the shots at drug company Phoenixus AG—unless he's managed to smuggle a cellphone into solitary confinement. Sources tell Forbes that Shkreli, who is serving a seven-year sentence in federal prison for defrauding investors, was moved to the Special Housing...

You Know Martin Shkreli. Now Meet 'D Block' and 'Krispy'

Wall Street Journal: He's running company from prison by illegal phone, has bodyguards

(Newser) - Martin Shkreli is in prison serving a seven-year term for securities fraud, but if you were under the impression that would mean the end of "pharma bro" stories for a while, the Wall Street Journal has some news for you: Shkreli is still running the show at drug company...

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...

Shkreli Thought He'd Ace Psych Test. Not So Much
Shkreli Looked Forward to
Psych Test. It Didn't Go Well
in case you missed it

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...

'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...

'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...

'Pharma Bro' Ordered to Forfeit $5M, Wu-Tang Album
More Bad News
for 'Pharma Bro'

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...

Stories 1 - 20 |  Next >>