Hours after the FBI arrested pharmaceutical executive Martin Shkreli on securities fraud charges this week, the bureau announced it does not have in its possession the only known copy of the Wu-Tang Clan album “Once Upon a Time in Shaolin.”
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A single-engine Piper PA32 that took off from the Reid-Hillview Airport disappeared from radar near Bakersfield around 4 p.m. Saturday, according to Ian Gregor from the Federal Aviation Administration.
By now, you’ve probably heard of Martin Shkreli, the enigmatic pharmaceutical entrepreneur who was arrested Thursday for securities fraud.
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Bayern next faces last season’s runner-up Juventus in the last 16, with the first leg on February 23. In the meantime there is sure to be plenty of speculation over what his next move will be.
The charges are related to his actions before he founded Turing this year.
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The plan is for a new trilogy, but Daniels wouldn’t say if he’ll be in the next two instalments. Security will be tight, with several streets blocked to traffic and extra police on patrol.
Ron Tilles, the Chairman of the Board of Directors will service as interim CEO. “We wish to thank Martin Shkreli for helping us build Turing Pharmaceuticals into the dynamic research-focused company it is today, and wish him the best in his future endeavors”, said Tilles.
– In August 2015, Retrophin sued Shkreli for $65 million, saying he used the company’s assets to pay off hedge fund investors.
Turing paid $55m for the rights to sell the drug in the US.
He pleaded innocent to the charges at his arraignment and was released on $5 million bond.
What’s more, many investors were shorting the stock – betting that it would fall – before Shkreli took control. A seven-count indictment unsealed in Brooklyn federal court Thursday charged Shkreli with conspiracy to commit securities fraud, conspiracy to commit wire fraud and securities fraud.
“I had two guys parked outside of his house for six months” watching him, Shkreli told the rap news site HipHopDX in a tough-talking, expletive-filled interview published Wednesday, the day before his arrest.
The 62-year-old drug is the only approved treatment for toxoplasmosis, a rare parasitic disease that mainly strikes pregnant women, cancer patients and AIDS patients. Ponzi victims do not make money, yet Mr. Shkreli’s investors enjoyed strong results. Shares of KaloBios plunged by close to 50 percent on the back of the reports and trading had to be halted in the shares.
On Friday, Turing said Shkreli had resigned as CEO. The Deerfield-based company has been calling for Turing to lower the price.
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Reuters witnessed Shkreli’s predawn arrest at the Murray Hill Tower Apartments in midtown Manhattan. He founded Turin in February, and also became the CEO of KaloBios Pharmaceuticals in November.
