'Pharma Bro' Martin Shkreli convicted of securities fraud
Martin Shkreli, the former CEO of Turing Pharmaceuticals who was dubbed "the most hated man in America" after dramatically increasing the price of a popular HIV drug, was found guilty Friday on three of eight criminal counts, including securities fraud and conspiracy to commit securities fraud, CNBC reports.
Shkreli faces up to 20 years in prison. He stood accused of defrauding investors who had put millions into his hedge funds and illegally paying them back via his pharmaceutical company, Retrophin, after he lost their money.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Political cartoons for January 11Cartoons Sunday’s political cartoons include green energy, a simple plan, and more
-
The launch of the world’s first weight-loss pillSpeed Read Novo Nordisk and Eli Lilly have been racing to release the first GLP-1 pill
-
Six sensational hotels to discover in 2026The Week Recommends From a rainforest lodge to a fashionable address in Manhattan – here are six hotels that travel journalists recommend for this year
-
TikTok secures deal to remain in USSpeed Read ByteDance will form a US version of the popular video-sharing platform
-
Unemployment rate ticks up amid fall job lossesSpeed Read Data released by the Commerce Department indicates ‘one of the weakest American labor markets in years’
-
US mints final penny after 232-year runSpeed Read Production of the one-cent coin has ended
-
Warner Bros. explores sale amid Paramount bidsSpeed Read The media giant, home to HBO and DC Studios, has received interest from multiple buying parties
-
Gold tops $4K per ounce, signaling financial uneaseSpeed Read Investors are worried about President Donald Trump’s trade war
-
Electronic Arts to go private in record $55B dealspeed read The video game giant is behind ‘The Sims’ and ‘Madden NFL’
-
New York court tosses Trump's $500M fraud fineSpeed Read A divided appeals court threw out a hefty penalty against President Trump for fraudulently inflating his wealth
-
Trump said to seek government stake in IntelSpeed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
