Post by ck4829 on Aug 4, 2017 19:23:05 GMT
'Pharma bro' Martin Shkreli convicted in federal fraud case, found guilty of 3 counts
A federal jury found notorious "Pharma bro" Martin Shkreli guilty of multiple criminal charges Friday.
Shkreli, 34, was convicted of some of the eight criminal counts that he had faced, which had included securities fraud and conspiracy to commit both securities fraud and wire fraud, after a more-than-month-long trial in Brooklyn, New York, federal court.
He faces years in prison when he is sentenced.
The charges were unrelated to Shkreli's first claim to public notoriety: raising the price of an anti-parasite drug called Daraprim by more than 5,000 percent in 2015, while heading another company, Turing Pharmaceuticals.
Read more: www.cnbc.com/2017/08/04/pharma-bro-martin-shkreli-convicted-in-federal-fraud-case.html
A federal jury found notorious "Pharma bro" Martin Shkreli guilty of multiple criminal charges Friday.
Shkreli, 34, was convicted of some of the eight criminal counts that he had faced, which had included securities fraud and conspiracy to commit both securities fraud and wire fraud, after a more-than-month-long trial in Brooklyn, New York, federal court.
He faces years in prison when he is sentenced.
The charges were unrelated to Shkreli's first claim to public notoriety: raising the price of an anti-parasite drug called Daraprim by more than 5,000 percent in 2015, while heading another company, Turing Pharmaceuticals.
Read more: www.cnbc.com/2017/08/04/pharma-bro-martin-shkreli-convicted-in-federal-fraud-case.html