The Saga Continues

Showing posts with label Pharma Bro. Show all posts
Showing posts with label Pharma Bro. Show all posts

Friday, March 16, 2018

We Asked Inmates How Martin Shkreli Will Get Treated in Prison


The infamous pharma bro just asked to be placed in a minimum-security "camp" facility. Here's what current federal prisoners think he has coming.

Right before he was sentenced to 84 months in federal prison last Friday, “pharma bro” Martin Shkreli broke into tears. Ultimately, the man convicted on three counts of fraud did not get the maximum possible sentence he faced—much less the 21 years I endured in the feds for drug crimes. Even so, the federal Bureau of Prisons (BOP) will be Shkreli's home for the foreseeable future, and the New York Daily News reported Wednesday he's hoping to land in a minimum-security "camp" facility in Pennsylvania best known for a salmonella outbreak.





Tuesday, February 27, 2018

Martin Shkreli Might Go to Prison for Way Longer Than We Thought

A federal judge decided Pharmabro's crimes caused a loss of $10.4 million. Here's what that means.


When Martin Shkreli was convicted of fraud back in August 2017, it was far from certain he'd spend much time behind bars. Sure, a federal jury agreed he lied to hedge fund investors and cooked the books to pay some of them back from the coffers of a drug company he founded. But Shkreli's entire defense was predicated on the fact that, while he might have misled people, none of them ultimately lost money. And the general rule of thumb in federal fraud cases is that sentencing is principally determined by the what's called the "loss amount" of the crime in question.




Monday, August 7, 2017

Martin Shkreli Played The Wu-Tang Album He Bought For $2 Mil In An Interview

It was recently during a live internet chat discussing his charges that Shkreli played Wu-Tang Clan's Once Upon A Time in Shaolin, the rare project that he purchased for $2 million, and infamously threatened to destroy.

“I donated $2 million to Wu-Tang,” he said of the buy around the 48-minute mark below.. “I got a mixtape in return, it was a wonderful investment. I view it as a donation. People might see that as splurging. I don’t think there are many people in the world who have patronized hip-hop to the extent I have.”

For the next ten minutes, he would play the project until the clips inevitably ends.