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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsPharma Bro is now poorer by sixty four million dollars
Also banned for life from participating in the pharma industry.
https://apnews.com/article/martin-shkreli-daraprim-profits-fb77aee9ed155f9a74204cfb13fc1130
Shkreli ordered to return $64M, is barred from drug industry
NEW
YORK (AP) Martin Shkreli must return $64.6 million in profits he and his former company reaped from jacking up the price and monopolizing the market for a lifesaving drug, a federal judge ruled Friday while also barring the provocative, imprisoned ex-CEO from the pharmaceutical industry for the rest of his life.
U.S. District Judge Denise Cotes ruling came several weeks after a seven-day bench trial in December that featured recordings of conversations that Cote said showed Shkreli continuing to exert control over the company, Vyera Pharmaceuticals LLC, from behind bars and discussing ways to thwart generic versions of its lucrative drug, Daraprim.
Shkreli was no side player in, or a remote, unrelated beneficiary of Vyeras scheme, Cote wrote in a 135-page opinion. He was the mastermind of its illegal conduct and the person principally responsible for it throughout the years.
The Federal Trade Commission and seven states brought the case in 2020 against the man known in the media as Pharma Bro, about two years after he was sentenced to prison in an unrelated securities fraud scheme.
U.S. District Judge Denise Cotes ruling came several weeks after a seven-day bench trial in December that featured recordings of conversations that Cote said showed Shkreli continuing to exert control over the company, Vyera Pharmaceuticals LLC, from behind bars and discussing ways to thwart generic versions of its lucrative drug, Daraprim.
Shkreli was no side player in, or a remote, unrelated beneficiary of Vyeras scheme, Cote wrote in a 135-page opinion. He was the mastermind of its illegal conduct and the person principally responsible for it throughout the years.
The Federal Trade Commission and seven states brought the case in 2020 against the man known in the media as Pharma Bro, about two years after he was sentenced to prison in an unrelated securities fraud scheme.
Gee Marty-boy. Kinda sucks, huh?
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Pharma Bro is now poorer by sixty four million dollars (Original Post)
Stinky The Clown
Jan 2022
OP
EYESORE 9001
(25,947 posts)1. Where's the smirk, jerk?
kacekwl
(7,017 posts)2. Is Manchins sister also
being criminally charged for jacking around with Epipens ?
Stinky The Clown
(67,808 posts)5. I think it is his daughter, not sister.
niyad
(113,357 posts)3. Excellent. What a disgusting little pos.
jmowreader
(50,560 posts)4. The sad part is he won't be broke after paying it