Things continue to unravel for Martin Shkreli, best known as the guy whose company bought the rights to a previously affordable, life-saving generic drug, then increased its price by 5,400% overnight. After being arrested last week in an unrelated securities-fraud investigation, the “pharma bro” has lost his spanking-new job as CEO of KaloBios Pharmaceuticals. [More]
A day after he was arrested as part of a securities-fraud investigation, Turing Pharmaceuticals CEO Martin Shkreli is no longer the company’s head executive. [More]
Three months after Turing Pharmaceuticals entered the spotlight by buying the rights to a generic drug used to save lives and dramatically increased the price from $13.50 to $750, the company’s CEO has been arrested in a securities-fraud investigation. However, the charges are related to another company the man once led. [More]
On his personal website, “natural psychic and Remote Viewer” Sean David Morton claims to have predicted everything from the 1989 San Francisco earthquake to Bill Clinton’s impeachment to the burst of the dotcom bubble. But that doesn’t impress the SEC, who filed a lawsuit against Morton yesterday, alleging that he committed $6 million worth of securities fraud by claiming he could see into the future.