Martin Shkreli: Last News

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All news where Martin Shkreli is mentioned

nypost.com
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‘Pharma Bro’ Martin Shkreli allegedly copied one-of-a-kind Wu-Tang Clan album that sold for $4.75M
$4.75 million for a one-of-a-kind album by the hip-hop group Wu-Tang Clan, only to learn that the convicted pharmaceutical executive made copies and is releasing the music to the public.Shkreli paid $2 million in 2015 for “Once Upon a Time in Shaolin,” and gave it up to partially satisfy a $7.4 million forfeiture order after his 2017 conviction for defrauding hedge fund investors and scheming to defraud investors in a drugmaker.The plaintiff PleasrDAO said Shkreli has, since his May 2022 release from prison, told fans on live streams and social media platform X that he kept and had shared the album, once saying, “I was playing it on YouTube the other night even though somebody paid $4 million for it.”PleasrDAO also said thousands of people tuned in on Sunday to hear the album on a live stream that Shkreli called a “Wu tang official listening party.”Such activity violates the forfeiture order, amounts to misappropriation of trade secrets, and “greatly diminishes and/or destroys the album’s value,” according to the complaint filed Monday night in Brooklyn federal court.PleasrDAO wants Shkreli to destroy his copies, turn over profits from disseminating the music, and pay compensatory and punitive damages.Lawyers who have represented Shkreli in criminal and civil matters declined to comment or did not immediately respond to requests for comment.The plaintiff is displaying “Shaolin” this month at the Museum of Old and New Art in Hobart, Tasmania.Shkreli, 41, became notorious and gained the nickname “Pharma Bro” when, as chief executive of Turing Pharmaceuticals in 2015, he raised the price of the life-saving antiparasitic drug Daraprim overnight to $750 per tablet from $17.50.He was released early from his seven-year prison
nme.com
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Fyre Festival founder Billy McFarland gets early release from prison
Fyre Festival founder Billy McFarland has been released early from prison.McFarland was serving a six-year sentence after pleading guilty to multiple counts of fraud, including for the disastrous festival in the Bahamas in 2017.He spent six months of his sentence alone in solitary confinement after taking part in the recording of a podcast.According to TMZ, McFarland has now been released from the Milan Federal Correctional Institution in Milan, Michigan, where he was being held.He is now under the management of Residential Reentry Management New York – the administrative office overseeing halfway houses located in southern New York, eastern New York and New Jersey, according to The Hollywood Reporter.McFarland’s release date from the halfway house is currently set for August 30.Back in 2020, he requested an early release from his six-year prison sentence due to concerns over the coronavirus pandemic, but his request was turned down.McFarland’s release comes after Martin Shkreli, the disgraced “pharma bro” who famously bought Wu-Tang Clan‘s ‘Once Upon A Time In Shaolin’ for $2million (£1.4m), was also released early from prison. Shkreli was serving a seven-year sentence after being found guilty of securities fraud following claims he defrauded investors in former hedge funds in 2017.
nme.com
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Martin Shkreli has been released early from prison
Wu-Tang Clan‘s ‘Once Upon A Time In Shaolin’ for $2million (£1.4m), has been released early from prison.Shkreli was serving a seven-year sentence after being found guilty of securities fraud following claims he defrauded investors in former hedge funds in 2017.Upon his incarceration, the US government seized ‘Once Upon A Time In Shaolin’ and sold it on to a new buyer last year.But today (May 18) his lawyer Ben Brafman confirmed that Shkreli has been released.“I am pleased to report that Martin Shkreli has been released from Allenwood prison and transferred to a BOP halfway house after completing all programs that allowed for his prison sentence to be shortened,” he said in a statement to The Washington Post. In 2020, Shkreli was denied an early release from prison after he petitioned to be let out so he could continue the “significant research” he’d be conducting into finding a vaccine for coronavirus.But the judge described his attempt at a shortened sentence to be another example of the “delusional self-aggrandising behaviour” that he often exhibits, while also citing the few number of COVID-19 cases at Shkreli’s prison, and his lack of a pre-existing condition that would make him more likely to catch the virus.Earlier this year, he was barred from the drug industry and ordered to return the $64.6million (£47.2million) in profits that he made by price-gouging the drug Daraprim in 2015.Meanwhile, shortly after Shkreli’s incarceration, RZA said he had attempted to reclaim the CD copy of ‘Once Upon A Time…’.Although the album was never released to the public, Shkreli did play clips of it during a live-stream in 2017.

Facts About Martin Shkreli

Who is Martin Shkreli?

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