Last week, Shkreli was removed as chief executive of Turing Pharmaceuticals, a privately held company in NY that he co-founded late a year ago. Shkreli denied wrongdoing. He’s accused of repeatedly losing money for investors and lying to them about it, as well as illegally taking assets from one of his companies to pay off debtors in another.
Advertisement
Bland case highlights some lax Texas state police practices
Supreme Court has made clear an officer can order a motorist out of a vehicle, as Encinia did with Bland. The panel could still separately consider charges on conduct related to the original arrest, he said.
The 32-year-old former hedge fund manager pleaded not guilty Thursday in Brooklyn federal court and was released on Dollars 5 million bail.
SpaceX successfully lands its Falcon 9 rocket after orbital launch
Even though it could likely be reused, Musk said the Falcon 9 that flew on Monday won’t be used again. The mission’s primary objective was to deploy 11 small satellites into low orbit.
Shkreli was arrested last week for engaging in what US prosecutors said was a Ponzi-like scheme at his former hedge fund MSMB Capital Management and Retrophin Inc (RTRX.O), a company he headed before he took the helm of Turing Pharmaceuticals.
#China lawyer’s sentence suspended in surprise verdict
He later become one of the best-known lawyers in China for defending human rights in courts as well as in the media . Pu Zhiqiang has been found guilty of “inciting ethnic hatred” and “picking quarrels” on his social media posts.
Mr Shkreli has said his arrest was due to his decision to raise the price of Daraprim- a drug used to treat autoimmune diseases such as HIV. Its shares tumbled 70 percent in January after its drug for lung infections failed in testing.
The private placement, in which outside investors paid $24.855 per share, was consummated Wednesday, one day before Shkreli was arrested, according to a regulatory filing. In another tweet, Shkreli’s hackers wrote, “I got anal aids now good thing the pill is right here for $700 [sic]”, an obvious nod to the heated controversy about Shkreli hiking up the price of a popular lifesaving AIDS drug to $750 per pill. He responded to a tweet from Hillary Clinton criticising him for the price hike simply saying: “Lol”. Shkreli became that firm’s chief executive in November after saving it from impending bankruptcy with a almost $2 million investment.
In other news, it was reported on Sunday that his Twitter account has been hacked.
The California-based KaloBios Pharmaceuticals announced Monday that Shkreli was “terminated” as CEO and resigned from the board, offering no further comment.
KaloBios, a small, struggling company that develops cancer drugs, had named Shkreli as CEO just a month ago when he bought a majority stake in the company. Trading in the stock has been halted since Thursday.
Advertisement
Among the hacked tweets posted on Shkreli’s account were offers to donate hundreds of thousands of dollars to charity, and to give away the Wu-Tang album to the next follower who retweeted him.
