Your CNN account Log in to your CNN account In 2018, he was sentenced to seven years in federal prison and ordered to pay a $750,000 fine, on top of the $7.4 million forfeiture.īefore his conviction, which was related to his time as CEO of biotech company Retrophin, Shkreli was dubbed “the most hated man in America” in 2015 while serving as CEO of Turing Pharmaceuticals after he increased the price of an AIDS drug from $13.50 to $750 per pill. Shkreli was convicted of securities fraud and conspiracy in 2017 for defrauding investors out of more than $10 million between 20. In 2015, Shkreli reportedly bought the album for about $2 million. The group planned to put the album on display as an exhibit before putting it up for auction. When Shkreli purchased the album in 2015, it was marketed as “both a work of art and an audio artifact,” says the release.īy releasing only one copy of the album, the legendary hip-hop group wanted to “put out a piece of art like nobody else has done in the history of music,” Wu-Tang member Robert “RZA” Diggs told Forbes in 2014. The album includes a hand-carved nickel-silver box, along with a leather-bound manuscript containing lyrics and a certificate of authenticity. “Shkreli has been held accountable and paid the price for lying and stealing from investors to enrich himself,” Jacquelyn Kasulis, acting US attorney, said in a press release Tuesday. Pharma exec Martin Shkreli pays $2 million for Wu-Tang Clan album and said it will fire the drugmaker's top management if successful.
MSMB made an unsolicited $378 million takeover bid for Amag Pharmaceuticals Inc. Martin Shkreli, chief investment officer of MSMB Capital Management, sits behind a chess board in New York, U.S., on Wednesday, Aug.
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