Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
U.S. judge orders ex-drug executive Shkreli to give up $7.36 million
U.S. judge orders ex-drug executive Shkreli to give up $7.36 million
https://www.reuters.com/article/us-usa-crime-shkreli/u-s-judge-orders-ex-drug-executive-shkreli-to-give-up-7-36-million-idUSKBN1GH2RS
NEW YORK (Reuters) - Former drug company executive Martin Shkreli may have to give up a Picasso and a one-of-a-kind Wu-Tang Clan album, after a U.S. judge on Monday ordered him to forfeit $7.36 million following his conviction of defrauding investors.
U.S. District Judge Kiyo Matsumoto in Brooklyn said the assets Shkreli could forfeit to satisfy the judgment also include $5 million in a brokerage account and his stake in Vyera Pharmaceuticals, one of the drug companies he founded.
Shkreli is scheduled to be sentenced for securities fraud on Friday.
A lawyer for Shkreli could not immediately be reached for comment on the judge’s order.
https://www.reuters.com/article/us-usa-crime-shkreli/u-s-judge-orders-ex-drug-executive-shkreli-to-give-up-7-36-million-idUSKBN1GH2RS
NEW YORK (Reuters) - Former drug company executive Martin Shkreli may have to give up a Picasso and a one-of-a-kind Wu-Tang Clan album, after a U.S. judge on Monday ordered him to forfeit $7.36 million following his conviction of defrauding investors.
U.S. District Judge Kiyo Matsumoto in Brooklyn said the assets Shkreli could forfeit to satisfy the judgment also include $5 million in a brokerage account and his stake in Vyera Pharmaceuticals, one of the drug companies he founded.
Shkreli is scheduled to be sentenced for securities fraud on Friday.
A lawyer for Shkreli could not immediately be reached for comment on the judge’s order.
3 replies
= new reply since forum marked as read
= new reply since forum marked as read
