Martin Shkreli

Martin Shkreli’s $7.4m forfeit is paid, thanks to that Wu-Tang Clan album

The US government has sold off the one-of-a-kind Wu-Tang Clan album famously bought by ‘pharma bro’ Martin Shkreli, with the proceeds enough to wipe out his $7.4 million fine for defrauding investors. Shkreli, the pharma entrepreneur who became notorious in 2015 for hiking the price of a lifesaving drug, bought the Once Upon a Time …

Martin Shkreli’s $7.4m forfeit is paid, thanks to that Wu-Tang Clan album Read More »

Martin Shkreli’s $7.4m forfeit is paid, thanks to that Wu-Tang Clan album

The US government has sold off the one-of-a-kind Wu-Tang Clan album famously bought by ‘pharma bro’ Martin Shkreli, with the proceeds enough to wipe out his $7.4 million fine for defrauding investors. Shkreli, the pharma entrepreneur who became notorious in 2015 for hiking the price of a lifesaving drug, bought the Once Upon a Time …

Martin Shkreli’s $7.4m forfeit is paid, thanks to that Wu-Tang Clan album Read More »

Insurers sue ‘pharma bro’ Martin Shkreli, company for alleged price gouging

Blue Cross and Blue Shield of Minnesota has filed a class-action lawsuit — on behalf of itself and insurers from 30-plus states — against Martin Shkreli and Vyera Pharmaceuticals. The suit alleges the defendants intentionally monopolized the market for Daraprim to raise the price of the drug by more than 4,000%.