Martin Shkreli Found Guilty on 3 of 8 Fraud Charges

by mconvente – Hot off the presses.  Martin Shkreli, the infamous “Pharma Bro” who raised the price of the generic medicine Daraprim, which his company owned the rights to, from $13.50/pill to $750/pill overnight, has been found guilty by a jury of his peers on three of eight securities fraud charges.  Shkreli faces up to 20 years in prison. From the New York Times: Martin Shkreli, accused of defrauding his hedge fund investors and a pharmaceutical company, was convicted on three of eight counts on Friday, after a five-week trial in the Federal District Court in Brooklyn. He faces as much as 20 years in prison. The conviction, even as a mixed verdict, was a shattering defeat for the divisive Mr. Shkreli, who said before the trial that he was “so innocent” that the judge, jury and prosecutors would apologize to him afterward. Mr. Shkreli was accused of securities and wire fraud related to two...

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A Corrupt CEO Busted? Well, Merry Christmas

by William Rivers Pitt, Truthout | Op-Ed – He is a man of splendid abilities but utterly corrupt. He shines and stinks, like a rotten mackerel by moonlight. – John Randolph I’ve never seen a mermaid or a space alien or a leprechaun. I never expected to, of course; these are all creatures of myth and folklore and fabulation, but still … it would be pretty cool to see a mermaid, right? Another thing I never expected to see was a greedy lying thieving scumbag corporate CEO arrested for his serial crimes, but that changed on Thursday when Martin Shkreli was led away before the eyes of the world. You know this guy. He’s the one who acquired the anti-malarial and anti-parasitical drug Daraprim – used primarily to treat children and AIDS patients – and jacked up the price from $13.50 per pill to $750 per pill. For those of...

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