Martin Shkreli: Difference between revisions
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Martin Shkreli was arrested on December 17<sup>th</sup>, 2015 by the Federal Bureau of Investigation. Shkreli was charged with 8 counts of securities fraud. Charges were filed after an investigation into his tenure at is other companies, which is similar to that of a Ponzi scheme. On August 14<sup>th</sup>, 2017, Shkreli was found guilty on two counts of securities fraud and was sentenced to seven years in prison, and had to pay fines up to $7.4 million. | Martin Shkreli was arrested on December 17<sup>th</sup>, 2015 by the Federal Bureau of Investigation. Shkreli was charged with 8 counts of securities fraud. Charges were filed after an investigation into his tenure at is other companies, which is similar to that of a Ponzi scheme. On August 14<sup>th</sup>, 2017, Shkreli was found guilty on two counts of securities fraud and was sentenced to seven years in prison, and had to pay fines up to $7.4 million. | ||
[[File:Turing CEO Martin Shkreli Talks 5,000% Drug Price Hike (Full Interview) CNBC|thumb|left|330x330px|Martin Shkreli's interview on CNBC.]] | [[File:Turing CEO Martin Shkreli Talks 5,000% Drug Price Hike (Full Interview) CNBC|thumb|left|330x330px|Martin Shkreli's interview on CNBC.|link=Special:FilePath/Turing_CEO_Martin_Shkreli_Talks_5,000%25_Drug_Price_Hike_(Full_Interview)_CNBC]] | ||
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Revision as of 04:36, 10 October 2020
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| “ | In capitalism, you try to get the highest price you can for a product. | „ |
| ~ Martin Shkreli |
Martin Shkreli (March 17th, 1983 -) is a businessman and hedge fund manager, who founded Elea Capital, MSMB Capital Management, and MSMB Healthcare. Shkreli is also the founder and former CEO of Turing Pharmaceuticals.
In September 2015, Shkreli received widespread scrutiny for raising the prices on anti-parasitic drug Daraphrim by 5000% from $13.50 to $750 a pill. The move was criticized by numerous organizations, and candidates of the 2016 presidential election, Hillary Clinton, Bernie Sanders, and Donald Trump. This lead to him being coined the "Most Hated Man in America". Some people described him has "having a punchable face", and one person even threw what was apparently dog feces at Shkreli's face. His tactic ultimately led him to become the face of capitalistic greed.
Shkreli is also infamous for obtaining the only copy of the Wu-Tang Clan album, Once Upon a Time in Shaolin, where he adamantly refuses to release the album and threatens to destroy the album. However, the copy was seized by law enforcement, and Shkreli is no longer the owner of it.
Trial
Martin Shkreli was arrested on December 17th, 2015 by the Federal Bureau of Investigation. Shkreli was charged with 8 counts of securities fraud. Charges were filed after an investigation into his tenure at is other companies, which is similar to that of a Ponzi scheme. On August 14th, 2017, Shkreli was found guilty on two counts of securities fraud and was sentenced to seven years in prison, and had to pay fines up to $7.4 million.