Martin Shkreli has been jailed following a peculiar Facebook post:
Martin Shkreli, the former pharmaceutical executive who is awaiting sentencing for a fraud conviction, was sent to jail on Wednesday after a federal judge revoked his bail because he had offered $5,000 for a strand of Hillary Clinton's hair.
Mr. Shkreli, who was free on $5 million bail while he awaited sentencing, had made two Facebook posts offering cash to anyone who could "grab a hair" from Mrs. Clinton during her book tour.
At the hearing in Federal District Court in Brooklyn, Judge Kiyo A. Matsumoto said that Mr. Shkreli's post could be perceived as a true threat. "That is a solicitation to assault in exchange for money that is not protected by the First Amendment," she said.
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Martin Shkreli continues to run business from prison, report says
Martin Shkreli reportedly runs his pharmaceutical company from prison on a contraband smartphone. Shkreli continues to run the remains of the drug company that once earned him the title of most hated man in America, according to a story in the Wall Street Journal. He was convicted of securities fraud and conspiracy in 2017. He has served 16 months of a seven-year sentence in federal prison.
Shkreli is reportedly running Phoenixus AG, formerly known as Turing Pharmaceuticals. In 2015, when Shkreli was the CEO, Turing raised the price of the lifesaving drug Daraprim used by AIDS patients from $13.50 a pill to $750 a pill. The price hike sparked a public outcry.
The Journal says that Shkreli anticipates the company will grow more successful while he's in prison. He believes the company, of which he owns 40%, could be worth $3.7 billion by the time he gets out of prison.
On one recent phone call, Shkreli fired Phoenixus CEO Kevin Mulleady, the Journal reported. Shkreli reportedly later changed his mind, agreeing to suspend Mulleady rather than fire him.
Cartoon villain performance art.
Previously: Martin Shkreli Points Fingers at Other Pharmaceutical Companies
Martin Shkreli Convicted of Securities Fraud Charges, Optimistic About Sentencing
Martin Shkreli Lists Unreleased Wu-Tang Clan Album on eBay
Martin Shkreli's $5 Million Bail Revoked for Facebook Post Seeking Hillary Clinton's Hair
Sobbing Martin Shkreli Sentenced to 7 Years in Prison for Defrauding Investors
Related: Drug Firm Offers $1 Version of $750 Turing Pharmaceuticals Pill
Mylan Overcharged U.S. Government on EpiPens
EpiPen Maker is Facing Shareholder Backlash
FDA Has Named Names of Pharma Companies Blocking Cheaper Generics [Updated]
U.S. Hospitals Band Together to Form Civica Rx, a Non-Profit Pharmaceutical Company
Infamous ex-pharmaceutical executive Martin Shkreli is yet again in trouble with the Federal Trade Commission, which announced today that the convicted fraudster has failed to cooperate with the commission's investigation into whether he violated his lifetime ban from the pharmaceutical industry by starting a company last year called "Druglike, Inc."
[...]
At the center of the dispute is whether Shkreli's co-founding of Druglike runs afoul of his lifetime ban from the pharmaceutical industry, which was in response to Shkreli's infamous move to raise the price of the cheap, life-saving anti-parasitic drug, Daraprim, from $17.50 a pill to $750 a pill in 2015.
[...]
The FTC also noted in its court filing that Shkreli has so far failed to pay any of the $64.6 million in disgorgement he was ordered to pay alongside his lifetime ban.
Previously:
Martin Shkreli Launches Blockchain-Based Drug Discovery Platform
Martin Shkreli Accused of Running Business From Prison With a Smuggled Smartphone
Sobbing Martin Shkreli Sentenced to 7 Years in Prison for Defrauding Investors
Martin Shkreli's $5 Million Bail Revoked for Facebook Post Seeking Hillary Clinton's Hair
Martin Shkreli Lists Unreleased Wu-Tang Clan Album on eBay
Martin Shkreli Convicted of Securities Fraud Charges, Optimistic About Sentencing
Martin Shkreli Points Fingers at Other Pharmaceutical Companies
Related:
U.S. Hospitals Band Together to Form Civica Rx, a Non-Profit Pharmaceutical Company
FDA Has Named Names of Pharma Companies Blocking Cheaper Generics [Updated]
EpiPen Maker is Facing Shareholder Backlash
Mylan Overcharged U.S. Government on EpiPens
Drug Firm Offers $1 Version of $750 Turing Pharmaceuticals Pill
In an effort to avoid being held in contempt of court, former pharmaceutical executive and convicted fraudster Martin Shkreli made an eyebrow-raising argument to a federal judge Friday, stating that his company Druglike, which he previously described as a "drug discovery software platform," was not engaged in drug discovery. As such, he argued he is not in violation of his sweeping lifetime ban from the pharmaceutical industry.
Last month, the Federal Trade Commission and seven states urged a federal judge in New York to hold Shkreli in contempt for allegedly failing to cooperate with an investigation into whether he violated the ban. The FTC said Shkreli failed to turn over requested documents related to Druglike and sit for an interview on the matter.
In the filing Friday, Shkreli claims that he responded to the FTC's requests "promptly and in good faith."
Previously:
FTC: Shkreli May Have Violated Lifetime Pharma Ban, Should be Held in Contempt
Martin Shkreli Launches Blockchain-Based Drug Discovery Platform
Shkreli Released From Prison to Halfway House After Serving <5 of 7 Years
Martin Shkreli Accused of Running Business From Prison With a Smuggled Smartphone
Sobbing Martin Shkreli Sentenced to 7 Years in Prison for Defrauding Investors
Martin Shkreli's $5 Million Bail Revoked for Facebook Post Seeking Hillary Clinton's Hair
Martin Shkreli Lists Unreleased Wu-Tang Clan Album on eBay
Martin Shkreli Convicted of Securities Fraud Charges, Optimistic About Sentencing
Martin Shkreli Points Fingers at Other Pharmaceutical Companies
Related:
"Pure and Deadly Greed": Lawmakers Slam Pfizer's 400% Price Hike on COVID Shots
U.S. Hospitals Band Together to Form Civica Rx, a Non-Profit Pharmaceutical Company
FDA Has Named Names of Pharma Companies Blocking Cheaper Generics [Updated]
EpiPen Maker is Facing Shareholder Backlash
Mylan Overcharged U.S. Government on EpiPens
Drug Firm Offers $1 Version of $750 Turing Pharmaceuticals Pill
(Score: 2) by Virindi on Saturday September 16 2017, @10:50AM (11 children)
Wow, this guy is an idiot. It's a wonder he ever managed to make money in the first place.
(Score: 4, Insightful) by Anonymous Coward on Saturday September 16 2017, @11:10AM (2 children)
He's clearly insane, like most American top CEO's. He just isn't as good at hiding it.
(Score: 0) by Anonymous Coward on Saturday September 16 2017, @05:02PM (1 child)
He knows what other CEOs do and that the business world endorses that kind of behaviour.
He also knows that this shit isn't really hard to find out about.
So he reasons further:
The great public must also be aware of all that shit yet they don't do anything about it. Therefore, they must either also find that behaviour acceptable or they are simply powerless.
BZZT.
In reality, people are just willingly ignorant about it. "out of sight, out of mind". Once you force it to them, they'll rip you to pieces and return to their happy world which is now fixed for good.
Why he had such a problem with that is the interesting question. He's apparently not like the other CEOs. Hard to tell if that's a good or bad thing.
(Score: 1, Touché) by Anonymous Coward on Saturday September 16 2017, @09:08PM
Yeah. He's in jail.
(Score: 3, Insightful) by stretch611 on Saturday September 16 2017, @11:17AM (1 child)
Far too often, it is who you know, not what you know.
Now with 5 covid vaccine shots/boosters altering my DNA :P
(Score: 1, Touché) by Anonymous Coward on Saturday September 16 2017, @12:36PM
We are progressing. In the past it used to be whose crotch you were yanked out of.
(Score: 4, Interesting) by choose another one on Saturday September 16 2017, @11:56AM (3 children)
> Wow, this guy is an idiot. It's a wonder he ever managed to make money in the first place.
Or alternatively the guy is a rule-breaker which is what made him more likely to make money as an entrepreneur.
See for example: https://www.nytimes.com/2017/09/14/business/entrepreneur-young-trouble.html [nytimes.com]
I suspect there is much truth in this, along the same lines as the "psychopaths make the best leaders" debate.
I would also note that success as an entrepreneur also tends to be associated with overconfidence and arrogance, which this guy clearly has in spades. He also clearly doesn't know when to turn it off. He is already found guilty and awaiting sentencing, he is very likely going to jail anyway, and he does this and then bounces into court to basically say "no big deal, just a joke". The Judge, who probably never wanted to give him bail in the first place but there was some rule about non-violent crime and non-risk offenders, now has the perfect excuse to say "now you're a risk to people" and send him down.
(Score: 5, Funny) by Virindi on Saturday September 16 2017, @12:16PM (1 child)
So what you're saying is, he should run for President?
(Score: 0) by Anonymous Coward on Saturday September 16 2017, @03:31PM
We don't need another Hellary Cliton running... That's why The Donald got elected.
(Score: 1, Interesting) by Anonymous Coward on Saturday September 16 2017, @04:41PM
Psychopaths don't make the best leaders in most situations though. It's primarily selection bias. You have to demand these things if you're going to get them and psychopaths are much more likely to demand them and refuse to take no for an answer.
That definitely does not mean they're good leaders. Situations where you wind up with a genuine trolley problem are relatively few and far between and in most cases you can deal with the ethics of it by just having a set of criteria about layoffs. Even just a last in first out deals with most of what the moral dilemmas.
Having a dash of psychopathy may be helpful, but being a psychopath definitely isn't. If you don't' believe me, just look at all those businesses that effectively run themselves out of business trying to feed the C level executives' egos. Being a good leader requires at least the capacity for empathy and psychopaths do not have that. At best, they have the ability to fake it and that's not really good enough.
(Score: 1) by khallow on Saturday September 16 2017, @12:27PM
(Score: 3, Insightful) by Runaway1956 on Saturday September 16 2017, @03:07PM
I think the more appropriate term might be "idiot savant". He learned a trick or two, but he's still an idiot. A kid might solve every math question thrown at him, but if he never learns to feed himself, or wipe his own ass, he's still an idiot.
(Score: 5, Funny) by FatPhil on Saturday September 16 2017, @11:49AM (8 children)
(the quotes from jurors excusing themselves)
Great minds discuss ideas; average minds discuss events; small minds discuss people; the smallest discuss themselves
(Score: 2) by Virindi on Saturday September 16 2017, @12:09PM (5 children)
Pathetic. Bunch of liars. I bet half of them didn't even care about the guy at all and just noticed everyone else saying that stuff was getting out of jury duty.
(Score: 5, Insightful) by deadstick on Saturday September 16 2017, @01:00PM (4 children)
Considering the way courts treat jurors, it's hard to blame them. I've sat on two juries, and in both cases I had to sit through an endless lecture by an administrative droid who assumed upfront that I'd try to weasel my way out, and wanted me to know what an asshole I'd be if I tried. Then there was a video involving a waving flag, and then another lecture, this one from the judge. (Note: this was after excuses had been processed.) An entire morning elapsed before I finally sat in the jury box.
(Score: 2) by digitalaudiorock on Saturday September 16 2017, @04:10PM (3 children)
The irony is that actually getting on a jury...once...seems to be the best way to get out of jury duty. I think that pushes you to the back of the line for like life. I ended up as a juror on a criminal case in the 80s and haven't heard a peep from them since.
(Score: 0) by Anonymous Coward on Saturday September 16 2017, @04:45PM (1 child)
It probably doesn't. Most jurisdictions hand the assignments out randomly. I've been called 5 times and been actually available 2. The only thing that gets you out of being called is if your name doesn't appear in any of the databases they use for the selection. IIRC, around here it's mostly voter registration and drivers licenses.
Even just having served in one court doesn't get you off the hook for serving at another. You could potentially have to serve jury duty at the city, county and federal level in the same year as serving on one doesn't get you a pass for the others.
But, in my view, the biggest issue is the pay. An increasing number of people can't afford time off for jury duty because there's an increasing number of people making minimum wage or working for companies that don't pay for jury duty.
(Score: 0) by Anonymous Coward on Saturday September 16 2017, @09:20PM
It just depends on your population and rate of criminal trials.
Where I lived a few years ago. Everyone I knew it was 2 years like clockwork (the min amount of time between times you can be called). I think they literally ran through the whole list any time they could. My dad who has lived in a similar sized city in a different part of the country with a much different crime rate has been called up once in 70 years. My mom has never been called. My sister was called once and dismissed because she is a lawyer.
It really just depends on where you live.
(Score: 2) by deadstick on Saturday September 16 2017, @11:07PM
In my county you can be called once a year max, and being seated on a jury gives you the next two years off.
(Score: 0) by Anonymous Coward on Saturday September 16 2017, @02:41PM
That article is gold. Thank you.
(Score: 0) by Anonymous Coward on Sunday September 17 2017, @12:37AM
There is nothing funny about that. Look at what percentage of people are hooked on some kind of prescription drug... And they think that is completely normal, in fact that drugs should be cheaper so that even more people could get hooked.
(Score: -1, Funny) by Anonymous Coward on Saturday September 16 2017, @11:50AM (3 children)
WOAH. I just ejaculated five feet into the air, spun around, and caught my load in my bashful mouth!
(Score: 2) by Nerdfest on Saturday September 16 2017, @02:33PM
I think this is the first "-1 Funny" I've ever seen.
(Score: 0) by Anonymous Coward on Saturday September 16 2017, @08:41PM (1 child)
Ah, someone trolling the monospace guy. How rude
(Score: 2) by Azuma Hazuki on Sunday September 17 2017, @05:31AM
The monospace guy (Arik) pretty much *is* doing the above improbably-acrobatic act of autofellatio every time he posts with that stupid fucking font, though. He actually sometimes has stuff worth reading but it's so user-hostile I don't usually bother.
One of these days I'm going to write a Greasemonkey script or something that specifically renders his, and only his, comments in Comic Sans.
I am "that girl" your mother warned you about...
(Score: 3, Interesting) by looorg on Saturday September 16 2017, @12:35PM (6 children)
Why would he want a strand of hair from Hilary? Is it so his Real-Doll is going to smell like an old lady or does he want to clone her? Hillary could just have made an easy $5k and given it to charity. But I guess that would get in the way of her new book where she explains how she didn't become president and who is to blame for that, which I assume is everyone but herself.
(Score: 0) by Anonymous Coward on Saturday September 16 2017, @01:57PM
Martin Shkreli, the former pharmaceutical executive who is awaiting sentencing for a fraud conviction, was sent to jail on Wednesday after a federal judge revoked his bail because he had offered $5,000 for a strand of Hillary Clinton’s hair.
Mr. Shkreli, who was free on $5 million bail while he awaited sentencing, had made two Facebook posts offering cash to anyone who could “grab a hair” from Mrs. Clinton during her book tour.
At the hearing in Federal District Court in Brooklyn, Judge Kiyo A. Matsumoto said that Mr. Shkreli’s post could be perceived as a true threat.
“That is a solicitation to assault in exchange for money that is not protected by the First Amendment,” she said.
(Score: 4, Funny) by KiloByte on Saturday September 16 2017, @02:39PM (4 children)
I guess he has a grimoire with a recipe that calls for a witch's hair -- so he chosen the wickest, foulest and most evil witch available. But just think what would happen if that hair gets crossed with an orange one...
Ceterum censeo systemd esse delendam.
(Score: 0) by Anonymous Coward on Saturday September 16 2017, @03:01PM (2 children)
"what would happen if that hair gets crossed with an orange one..."
Bradley Manless?
(Score: 0) by Anonymous Coward on Saturday September 16 2017, @03:04PM (1 child)
No, Bradley Unmanned.
(Score: 0) by Anonymous Coward on Saturday September 16 2017, @03:04PM
Bradley Manopause!!
(Score: 0) by Anonymous Coward on Saturday September 16 2017, @04:48PM
I think it was a joke about a witches' brew, but Shkreli is learning that even if he is rich, not being connected enough got his asshole probed. Eventually he may learn that he can be a capitalist asshole and stay out of the courts, if he doesn't threaten the social order by flaunting it and having the plebs question what is going on in this country.
Will his lawyers have a chance to spring him?
(Score: 2, Interesting) by Anonymous Coward on Saturday September 16 2017, @03:29PM (6 children)
There's a lot of speculation about this, and frankly I'm baffled it isn't obvious. There is a rather large corner of the internet that believes Bill is not Chelsea's father, instead that it was Web Hubbell.
Now I'm no fan of this dude, but this was not necessarily a call to assault. DNA is hard to hide from anyone actively seeking it, because we humans shed all over the place. "Grab a hair from her" could easily as well be interpreted as using tape on the back of her chair, or when cleaning up a hotel room.
(Score: 1, Funny) by Anonymous Coward on Saturday September 16 2017, @04:09PM (3 children)
It's preposterous that anyone would believe this shady rumor. If there's one thing that the name Clinton stands for, it's monogamy.
(Score: 0) by Anonymous Coward on Saturday September 16 2017, @04:21PM (2 children)
???? Oh, really? That's why Governor Bill had his State Police commander chauffering him to Memphis to pick up hookers? Fek you don't know shit if you think Clinton is monogamous.
Most likely, Bill only shoots duds, and she wanted a kid. So, she took one or more lovers, until the deed was done. Once pregnant, she didn't need a lover anymore, so he was disposed of.
(Score: 0) by Anonymous Coward on Saturday September 16 2017, @05:38PM
You just quite clearly revealed your age. I'll leave it up to you to figure out how.
(Score: 1, Touché) by Anonymous Coward on Saturday September 16 2017, @05:45PM
You clearly don't get sarcasm. The Clintons are a least as monogamous as Trump.
(Score: 1, Informative) by Anonymous Coward on Saturday September 16 2017, @04:48PM (1 child)
This is definitely assault no matter what he intends to do with the hair. You cannot chop off somebody's body part without permission and not have it be assault. It doesn't much matter whether the body part regrows or not, the whole process involve assault at some point.
I suppose, one could politely ask, but that's not something that was required in the terms he proposed.
(Score: 0) by Anonymous Coward on Saturday September 16 2017, @09:22PM
This is definitely assault no matter what he intends to do with the hair.
Garbage is what it would be if lifted off some random chair. Garbage is tend to be ruled as free game in pretty much most of the court cases out there. To make it 'assault' is a stretch. You know it. You want to blow it out of preportion for what it really is. Creepy? Oh hell yeah. Assault? I think you would have to turn the law into a pretzel to pull that off.
(Score: 1, Insightful) by Anonymous Coward on Saturday September 16 2017, @05:08PM
You can't mess with Hillary. People get killed for that. She would love to put all of our DNA in a database but go after hers and its a bloodbath. She ran twice, spent millions of dollars and had news anchors crying on air. If that's not a cult of personality, I don't know what is.
(Score: 0) by Anonymous Coward on Sunday September 17 2017, @06:39AM
Leverage , it his style
Hair sample analysis . What drugs she is on