Tuesday, 18 June, 2019

Judge orders 'Pharma Bro' to forfeit $7.3M in fraud case

Reuters Reuters
Lora Ball | 05 March, 2018, 22:54

Martin Shkreli must forfeit almost $7.4 million, a federal judge in Brooklyn ruled Monday, a move that could force the ex-pharmaceutical executive to give up a one-of-a-kind Wu-Tang Clan album. He faces sentencing at Brooklyn Federal Court on Friday, and could potentially get up to 20 years in prison. Shkreli, 34, has been in jail since September, when the judge revoked his bail after he offered a $5,000 bounty for a strand of Hillary Clinton's hair in a Facebook post, according to a Reuters report.

Vyera was formerly known as Turing Pharmaceuticals, which Shkreli founded and gained infamy for in 2015 after raising the price of its anti-parasite drug Daraprim by more than 5,000 percent.

His lawyer, Ben Brafman, did not respond to a request for comment.

In December 2015, Shkreli told Bloomberg Businessweek that he had bought the Wu-Tang Clan's "Once Upon a Time in Shaolin" when the hip-hop group auctioned the sole copy of the album to the highest bidder.

New report suggests Trump personally coordinated $130000 payment to adult film star
Clifford, and neither reimbursed me for the payment, either directly or indirectly", Cohen told The New York Times . The bank asked Clifford's attorney in September of 2017 about the source of the payment, the Post reported.

Former NASCAR truck series driver Rick Crawford charged with child enticement
Reports also say that Rick admitted to authorities that this wasn't the first time he had participated in such an terrible act. BC-US-Former NASCAR Driver-Arrest, 130Former NASCAR driver arrested for attempted underage sexEds: APNewsNow.

Orange-hued American flag pins for gun safety campaign at Oscars
At both the BAFTAs and the Golden Globes, many celebrities donned all-black outfits to express their solidarity. The orange flag pins aren't the only way celebrities are lending their support to gun reform.

Shkreli has also boasted of owning a Picasso painting.

A jury found him guilty last August of unrelated securities fraud charges.

Shkreli was convicted of defrauding investors into two hedge funds he founded and eventually paying them back with assets from Retrophin Inc., his pharmaceutical company.

The defense is seeking a sentence of no more than 18 months behind bars. They argued in a court filing that a lenient sentence is warranted because none of Shkreli's investors ultimately lost money. Money from his investors went into the stock market, and he didn't get anything from his plan to control Retrophin shares, his lawyers have said. They said he spent investor funds on personal expenses "to maintain the image of a successful hedge fund manager".

Recommended

  • Passenger stripped naked, watched porn and attacked stewardess on flight

    Passenger stripped naked, watched porn and attacked stewardess on flight

    Didar, a university student from Malaysia's Cyberjaya, was also accused of masturbating while watching pornography on the flight. Update (4 March 2018): With regards to the incident about a disruptive passenger onboard OD162 to Dhaka on 3 March, the.
    Army guns down Sunjuwan terror attack mastermind Mufti Waqas

    Army guns down Sunjuwan terror attack mastermind Mufti Waqas

    The encounter of Waqas is a major milestone in the anti-terror operations being carried out by the Indian security forces. Waqas, a Pakistani intruder, was holed up today in Hatwar area of Pulwama district's Awantipora region.
    Upstate New York college on lockdown after 'real' and 'credible' threat

    Upstate New York college on lockdown after 'real' and 'credible' threat

    Please stay where you are until directed by law enforcement. 'There are armed police officers on campus. The college, which is about 50 miles from Syracuse, has about 3,500 enrolled students.
  • Saints interested in reunion with Jimmy Graham

    Saints interested in reunion with Jimmy Graham

    There his production dropped and the 923 yards he recorded in 2016 and 10 touchdowns in 2017 marked his best with Seattle. In five years with the Saints, Graham caught 386 passes for 4,752 yards and 51 touchdowns.
    Man and woman in critical condition after substance alert

    Man and woman in critical condition after substance alert

    Five people reportedly suffered nose bleeds and burning sensations said to have been caused by an unidentified substance. Skripal, who is a retired Russian military intelligence colonel, was jailed for 13 years in 2006 for spying for Britain.
    NDPP MLAs to meet tomorrow to elect Rio as leader

    NDPP MLAs to meet tomorrow to elect Rio as leader

    Rio later said the details of the agreement between the BJP and the NDPP can not be revealed at this moment. Commenting on Sarma's statement, the NPF said it was a "unilateral decision" of the BJP .
  • Australia's Nathon Lyon charged by ICC as Test spirits run over

    Australia's Nathon Lyon charged by ICC as Test spirits run over

    I think it needs to be considered how to react in certain scenarios and learn from the scenarios", he added. Umpires play a big role in that, to make sure you don't let it get to that stage.
    PNB fraud: CBI arrests four more, including a Malayalee

    PNB fraud: CBI arrests four more, including a Malayalee

    The court has sent Joshi to judicial custody along with four other Punjab National Bank officials and an associate of Nirav Modi . Allahabad Bank said on Saturday it had a US$366.87 million exposure to the case.
    The Kremlin Reportedly Dissuaded Trump From Appointing Mitt Romney Secretary of State

    The Kremlin Reportedly Dissuaded Trump From Appointing Mitt Romney Secretary of State

    There's also the pair's viral dinner meeting , complete with a somewhat embarrassed-looking Romney and a smirking President-elect Trump.
  • Opioids are hurting kids, too, study finds

    Opioids are hurting kids, too, study finds

    Jason Kane , the lead author and an associate pediatrics professor at the University of Chicago and Comer Children's Hospital. The youngest kids typically found parents' medications or illicit drugs and used them out of curiosity, said Dr.

    Microsoft Corporation (MSFT): Technical Intermediate look

    Moreover, Liberty Inc has 0.81% invested in Chevron Corporation (NYSE:CVX). 5,596 are held by Plante Moran Fincl Ltd Liability. The software giant reported $0.96 earnings per share for the quarter, topping analysts' consensus estimates of $0.87 by $0.09.
    Xi on pedestal, China meet begins

    Xi on pedestal, China meet begins

    It holds presidents to two full terms in office. "You never know. CNN claimed it had obtained a recording of the remarks.

Ichiro close to signing a deal to return to the Mariners Ichiro close to signing a deal to return to the Mariners He spent the first 11 1/2 seasons in Seattle before being traded to the New York Yankees in 2012 season. Ichiro played in 136 games last season for the Miami Marlins and hit.255 with an OPS of.649.

ESPN names James Pitaro new president ESPN names James Pitaro new president Earlier in his career, Pitaro was vice president of business affairs for Launch Media, Inc. and practiced law at several NY firms. Before that, he was head of Yahoo Media, where he worked on Yahoo Sports and Yahoo Music.

Perez pushes DREAM Act as Trump's DACA deadline passes Perez pushes DREAM Act as Trump's DACA deadline passes Trump has repeatedly blamed Democrats for the impasse, while Democrats say he created it by ending DACA. Court decisions have forced the White House to keep renewing DACA permits until further notice.

Rumor: Broncos believe Kirk Cousins has already chosen the Vikings Rumor: Broncos believe Kirk Cousins has already chosen the Vikings Although they would lose to the Packers in the Wild Card round, Cousins threw for 329 yards and one touchdown with 29 completions. Let's look at what the options look like coming into the 2018 season for the Minnesota Vikings .

De Kock's personal attack provoked Warner, says Smith De Kock's personal attack provoked Warner, says Smith Footage emerged on Monday of an enraged Warner being restrained by teammates at tea on day four of the first Test. Warner was furious about personal remarks made by de Kock, believed to be about Warner's wife Candice .

The Express Scripts Holding (ESRX) Short Interest Update After $1.25 actual EPS reported by NextEra Energy, Inc. for the previous quarter, Wall Street now forecasts 39.20% EPS growth. Dubuque Fincl Bank And Trust holds 0.01% of its portfolio in Express Scripts Holding Company (NASDAQ: ESRX ) for 575 shares.

Chelsea boost as Iniesta breaks down in Barcelona win Chelsea boost as Iniesta breaks down in Barcelona win Barcelona said Iniesta has a hamstring injury in his right leg with more tests to determine the extent of the injury. As Philippe Coutinho is unavailable for Champions League duty, Iniesta's absence could pose a problem for Valverde.

Lyon admits guilt, fined for dropping ball on AB Lyon admits guilt, fined for dropping ball on AB De Villiers was run out for nought after being involved in a mix-up with Aiden Markram, the opening batsman. Lyon is believed to have contacted de Villiers overnight to apologise.

Oppo R15, OnePlus 6 to follow the iPhone X notch copycat trend Oppo R15, OnePlus 6 to follow the iPhone X notch copycat trend There is a little image teaser provided by the company to give you an idea what Oppo is planning to announce in the near future. Whether we care to admit it or not, Apple is, and probably always will be a trendsetter.

Steelers will reportedly use franchise tag on Le'Veon Bell Steelers will reportedly use franchise tag on Le'Veon Bell NFL Network's Ian Rapoport reports the Steelers are expected to place the franchise tag on Le'Veon Bell. Get prep sports breaking news alerts from the Gwinnett Daily Post staff delivered to your email.

See when Wokingham bins will be collected after snow See when Wokingham bins will be collected after snow Any commercial waste collections that were not collected on Friday, will be collected as normal this Friday. We use cookies to give you the best experience on our website and bring you more relevant advertising.

Composer Robert Lopez Is The First To Double EGOT Composer Robert Lopez Is The First To Double EGOT The Lopez couple also wrote the hit song " Let It Go " from " Frozen " which also won the same award four years ago. WE were about a kilometer away from the nearest hospital but you could hear people coughing in odd timing.

May voices tariff worry to Trump May voices tariff worry to Trump Trump is known for taking a hard line on trade, but he's also known for changing his mind. Trump will implement the tariffs under Section 232 of the Trade Expansion Act.

Wilder knocks out Ortiz Wilder knocks out Ortiz Deontay Wilder is a true showman who knew Saturday's night fight with David Ortiz would be his biggest challenge to date. I see the Joseph Parker fight as just as tough as the Wilder fight, so it would be foolish to look past him.

Mehul Choksi's Gitanjali had blessings from Chidambaram, says Ravi Shankar Prasad Mehul Choksi's Gitanjali had blessings from Chidambaram, says Ravi Shankar Prasad During the subsequent six-year rule of the UPA till March 2014, it rose to Rs 52.15 lakh crore. On their non-acceptance of revolutionary measures, Prasad denoted Congress as "anti-reform".