Tech

Shkreli’s infamous 4,000% price hike gets him a lifetime pharma ban

Enlarge / Martin Shkreli. (credit: Getty | Drew Angerer) A federal court on Friday banned convicted fraudster Martin Shkreli from ever working in the pharmaceutical industry again in any capacity and ordered him to pay back $64.6 million in profits from his infamous scheme that raised the price of the life-saving drug Daraprim more than […]

Tech

Shkreli’s infamous price-gouging scheme finally shut down in $40M settlement

Enlarge / Martin Shkreli, former CEO of Turing, smirked his way through a Congressional hearing. (credit: CSPAN) A pharmaceutical company once owned by Martin Shkreli will pay up to $40 million in a settlement that will also finally end his infamous price-gouging scheme involving the antiparasitic drug Daraprim. The Federal Trade Commission and its state […]