Share this @internewscast.com
Martin Shkreli Convicted Of Three Counts Of Securities Fraud

Ex-pharmaceutical executive Martin Shkreli speaks to the press in front of U.S. District Court for the Eastern District of New York with members of his legal team after the jury issued a verdict on Aug. 4, 2017.

A federal judge issued a scathing order against so-called “Pharma Bro” Martin Shkrelibanning him for life from participating in the pharmaceutical industry in any capacity” and forcing him to pay a $64.6 million fine to states filed an antitrust suit against him.

“Banning an individual from an entire industry and limiting his future capacity to make a living in that field is a serious remedy and must be done with care and only if equity demands,” U.S. District Judge Denise Cote noted in a 135-page ruling. “Shkreli’s egregious, deliberate, repetitive, long-running, and ultimately dangerous illegal conduct warrants imposition of an injunction of this scope.”

In January 2020, New York State Attorney General Letitia James (D) filed a lawsuit—which was later joined by the Federal Trade Commission (FTC) and attorneys general from other states—accusing Shkreli of exerting monopoly control to jack up the price of the life-saving drug, Daraprim.

This is a developing story.

Read the ruling below:

(Photo by Spencer Platt/Getty Images)

Have a tip we should know? [email protected]

Source: This post first appeared on

Share this @internewscast.com
You May Also Like

Alachua Hitchcock’s Staff Member Allegedly Faked Attack to Conceal $16,000 Theft from Store Safe

Staff report ALACHUA, Fla. – Denzell Romel Singleton, 31, was apprehended on…

Man Suspected of DUI Involved in Separate Incidents Resulting in Deaths of Boy and Woman, Police Report

Inset left: Braylen Hardy (GoFundMe) Inset right: Antonio Tremayne Weldon, Jr. (Jefferson…

Breaking News: Haircut Ends in Tragedy as Texas Man Fatally Shot, Suspect Commits Suicide

A man has succumbed to his injuries after being shot multiple times…

Florida Woman Accused of Stealing Car from Expectant Mother

Inset: Chanel Anderson (Osceola County Corrections). Background: Big Dan”s Car Wash in…

Urgent Alert: Armed Kidnapping of 7-Year-Old Boy in Wisconsin

Police in Wisconsin are searching for a 7-year-old boy reportedly taken by…

New Revelations Unveiled in ‘God’s Misfits’ Murder Plot

Clockwise from top left: Tad Bert Cullum, Tifany Machel Adams, Cora Twombly,…

Implications of Diddy Verdict for Victims’ Claims and Believing Women

Sean P. Diddy Combs at the 2017 Costume Institute Benefit Gala, celebrating…

Judge Upholds Ruling Preventing Trump from Defunding Planned Parenthood

Background: President Donald Trump is pictured greeting first responders while assessing flood…

Judge Overturns Trump’s Anti-Transgender Passport Policy

President Donald Trump addresses the media alongside Elon Musk in the Oval…

Court Documents Reveal: Suspect Killed Man Disliked by Girlfriend

Aron Isait Medina Rojas (Apple Valley Police Department). A man is accused…

Son Reportedly Confessed to Killing Family and Dog

Background: The site in New Mexico where the remains of Mestre’s mother,…

Georgia Teen Allegedly Kills Parents and Seeks Sympathy on TikTok, Contacts True Crime Influencer: Report

Teenager Sarah Grace Patrick from Georgia, who is accused of murdering her…