Martin Shkreli Biography

Martin Shkreli is an American former hedge fund manager and convicted felon. He was the co-founder of the hedge funds Elea Capital, MSMB Capital Management, and MSMB Healthcare; co-founder and former chief executive officer (CEO) of the biotechnology firm Retrophin; and founder and former CEO of Turing Pharmaceuticals. Shkreli is the former CEO of start-up software company Gödel Systems, which he founded in August 2016.

In September 2015, Shkreli received widespread criticism when Turing obtained the manufacturing license for the antiparasitic drug Daraprim and raised its price by a factor of 56 (from US$13.5 to $750 per pill), leading him to be referred to by the media as “the most hated man in America” and “Pharma Bro”.

Shkreli was later charged and convicted in federal court on two counts of securities fraud and one count of conspiring to commit securities fraud; the prosecutions being purportedly unrelated to the Daraprim controversy. In 2018, Shkreli was sentenced to seven years in federal prison and up to $7.4 million in fines.

Martin Shkreli

Martin Shkreli Age

He was born on March 17, 1983, in Brooklyn, New York, NY. He is 37 years old.

Martin Shkreli Family

Shkreli’s parents immigrated to the United States and worked as janitors. Through his father, he is related to the Shkreli, an Albanian tribe that inhabits northwestern Albania, western Kosovo, and eastern Montenegro. He, his 2 sisters, and his brother grew up in a working-class community in Sheepshead Bay, Brooklyn. By most accounts, Shkreli was raised Catholic and attended Sunday school as a child.

Martin Shkreli Wife

Information about Shkreli’s wife is not available. It is not known if he is married or not. However, the information will be updated as soon as it is available.

Martin Shkreli Height

He stands at a height of 5ft 7in.

Martin Shkreli Net Worth

His estimated net worth is $27.1 million. He had gathered all this through his career as a hedge fund manager and convicted felon.

Martin Shkreli Denied Prison Release by Judge

A judge has rejected convicted pharmaceutical executive Martin Shkreli’s request to be let out of prison to research a coronavirus treatment.

U.S. District Judge Kiyo Matsumoto noted that probation officials viewed that claim as the type of “delusional self-aggrandizing behavior” that led to his conviction. Matsumoto wrote in a nine-page ruling Saturday that the man known as the “Pharma Bro” failed to demonstrate extraordinary and compelling factors that would require his release under home confinement rules designed to move vulnerable inmates out of institutions during the pandemic.

Martin Shkreli Criminal prosecution and conviction

Shkreli was arrested by the FBI after a federal indictment in the U.S on December 17, 2015. District Court for the Eastern District of New York was filed, charging him with securities fraud. The charges were filed after an investigation into his tenure at MSMB Capital Management and Retrophin. He was accused of running a Ponzi-like scheme.

Federal prosecutors said that Shkreli and co-defendant, Evan Greebel, “engaged in multiple schemes to ensnare investors through a web of lies and deceit.” In an interview with The Wall Street Journal, Shkreli said that he was targeted by law enforcement for his price hikes of the drug Daraprim and his flamboyant personality.

In early 2016, Shkreli retained criminal defense attorney Benjamin Brafman to defend him. Due to his notoriety and overwhelmingly negative public opinion, it was difficult to select an unbiased jury, with potential jurors stating “I’m aware of the defendant and I hate him”, “he kind of looks like a dick”, and “he disrespected the Wu-Tang Clan”. At his 2017 trial, Shkreli argued that none of his investors actually lost money (some actually turned a profit) and thus his actions did not constitute a crime. Shkreli’s frequent criticisms of the federal prosecutors in New York’s Eastern District, whom he called “junior varsity” compared to their counterparts in the Southern District across the East River, both on his Facebook streaming video feed and in the hallways of the courthouse, led those prosecutors to request that judge Kiyo A. Matsumoto issued a gag order to prevent what they called a “campaign of disruption.” Brafman claimed in response that his client was responding to baiting from the media and was also suffering from extreme anxiety because of his situation. Matsumoto ordered Shkreli not to speak with reporters, either in the courthouse or its immediate vicinity.

On August 4, 2017, the trial jury found Shkreli guilty on two counts of securities fraud and one count of conspiracy to commit securities fraud, and not guilty on five other counts. Shkreli said he was delighted with the outcome and described his prosecution as “a witch hunt of epic proportions.”

On September 13, 2017, his bail was revoked following a Facebook post offering $5,000 for a strand of Hillary Clinton’s hair which the judge perceived as a solicitation to assault, which is not protected under the First Amendment. Shkreli’s post was preceded by others that suggested he might have plans to clone Hillary Clinton. Shkreli said that his post was satire, and his lawyer described it as tasteless but not a threat. Shkreli edited the post to add a disclaimer that it was satire, and later said he did this minutes after publication. Shkreli apologized for the post. He was sent to the Metropolitan Detention Center, Brooklyn while awaiting sentencing.

Shkreli appealed the conviction, but, in 2019, an appeals court unanimously upheld the jury verdict. The original judgment remained in effect; Shkreli must continue to serve his 7-year sentence and forfeit more than $7.3 million in assets. The panel of judges issued the ruling just three weeks after hearing arguments in the appeal, rather than the normal period of months. The ruling was also unusually short, spanning only seven pages.

Martin Shkreli Twitter

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