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Martin Shkreli’s new crypto token appears to have been dumped. Martin Shkreli Inu, a token worth fractions of a penny that was launched by the notorious “Pharma Bro” last month, plunged more than 90% at one point Friday, Binance data shows. The drop came after an unidentified wallet that appears to belong to Shkreli sold a massive […]
The U.S. Bureau of Prisons said on Friday it was investigating former drug company executive Martin Shkreli’s conduct in prison after the Wall Street Journal reported he was still helping run his old company using a contraband cellphone. “When there are allegations of misconduct, they are thoroughly investigated and appropriate action is taken if such […]
Martin Shkreli’s social-media habits have once again gotten him in serious trouble: A post of his about Hillary Clinton set off a Secret Service investigation and a request from federal prosecutors to revoke his bail because he poses “a risk of danger to the community.” Prosecutors told the federal judge overseeing Mr. Shkreli’s case that […]
A Brooklyn jury on Friday found Martin Shkreli, the former hedge fund manager notorious for brazenly raising the price of a critical drug, guilty of defrauding his investors. Shkreli shook his head in apparent disbelief as the first of three guilty verdicts was read. His father, who attended every day of the more than four-week […]
The civil case, brought by the U.S. Securities and Exchange Commission, “jeopardizes Mr. Shkreli’s livelihood, reputation and future career prospects” and should move forward, his attorneys said in a court filing Thursday. The lawyer charged along with Shkreli, Evan Greebel, also asked to allow some information-sharing to proceed in the SEC’s case. via Martin Shkreli […]
Still, I can’t shake my sense of amazement that Shkreli seems to have gambled on redemption and won. If you believe the allegations in today’s indictment, he lost (or stole) all of his investors’ money, then lied to them to string them along, Ponzied it up by raising new money to keep them happy, and then finally […]