Martin Shkreli
American financial criminal and businessman (b. 1983) / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about Martin Shkreli?
Summarize this article for a 10 year old
Martin Shkreli (/ˈʃkrɛli/; born March 17, 1983) is an American investor, and businessman. He was convicted of financial crimes for which he served over 6 years in federal prison and was fined over 70 million dollars. Shkreli is the co-founder of the hedge funds Elea Capital, MSMB Capital Management, and MSMB Healthcare, the co-founder and former CEO of pharmaceutical firms Retrophin and Turing Pharmaceuticals, and the former CEO of start-up software company Gödel Systems, which he founded in August 2016.
Martin Shkreli | |
---|---|
Born | (1983-03-17) March 17, 1983 (age 41)[1] |
Education | Baruch College (BBA) |
Occupation(s) | Investor, Fintech Software developer, YouTuber, former hedge fund manager and biotech founder |
Known for | Turing Pharmaceuticals, Retrophin, Daraprim price hike |
Criminal status | Released |
Conviction(s) | Securities fraud (18 U.S.C. § 1348) (2 counts) Conspiracy to commit securities fraud (18 U.S.C. § 1348) |
Criminal penalty | 7 years in prison (paroled after 6 years and 5 months)[2] $72 million in fines |
YouTube information | |
Channel | |
Genre(s) | Investing, finance |
Subscribers | 56.1 thousand[3][4] |
Total views | 1.76 million[4] |
Last updated: May 01, 2024 | |
In September 2015, Shkreli was widely criticized when Turing obtained the manufacturing license for the antiparasitic drug Daraprim and raised its price from US$13.50 to $750 per pill.
In 2017, Shkreli was convicted in federal court on two counts of securities fraud and one count of conspiracy. He was sentenced to seven years in prison and up to $7.4 million in fines. In the civil antitrust case, Shkreli was fined a further $64.6 million to be repaid to victims. On May 18, 2022, he was released early from the low-security federal prison in Allenwood, Pennsylvania. He is permanently banned from serving as an officer of any publicly traded company.