As a defense attorney, you can tell your clients to stop talking to the press and trolling online, but they don’t necessarily have to listen to you. Attorneys for price-hiking pharma bro and Wu-Tang Clan enthusiast Martin Shkreli haven’t been able to keep him quiet, which may be a problem in his trial for securities fraud that begins today. [More]
securities fraud
Martin Shkreli Terminated From Another CEO Gig Following Fraud Charges
By 12.21.15
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]
One Day After Arrest For Securities Fraud, Turing Pharmaceuticals CEO Martin Shkreli Resigns
By 12.18.15
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]
CEO Who Hiked Price Of Drug By Over 5400% Arrested In Unrelated Securities-Fraud Investigation
By 12.17.15
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]
SEC Sues Psychic For Not Actually Being Able To See Future
By 3.5.10
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. [More]
