He is being charged with seven counts of fraud for running what United States Attorney Robert L. Capers of the Eastern District of New York is calling a Ponzi scheme.
Shkreli, 32, pleaded not guilty to these allegations and was released on a $5million bond after being arraigned in federal court in Brooklyn Thursday afternoo
He faces a maximum sentence of 20 years in prison if convicted.
The United States Attorney's office in a statement said:
"I would think that members of his legal team and the communication team would advise him not to do the things that he has done, particularly in light of an ongoing criminal investigation," said Judy Smith, a PR crisis management expert who represented President Bill Clinton's former mistress Monica Lewinsky.
"Most people that are aware they are under a criminal investigation would not behave in such a public way," said Smith, whose career inspired the hit ABC series "Scandal." "The risk of it is that it attracts and invites attention, review and investigation of ongoing business practices in a very public way, quite frankly."Last week, it was revealed that Shkreli bought a single-copy album of the hip-hop group Wu-Tang Clan for $2 million. He then said he didn't plan on listening to it anytime soon.
On Thursday, the Securities and Exchange Commission unsealed a civil case against Shkreli, accusing him of orchestrating "widespread fraudulent conduct" from 2009 through 2014.
Source: CNBC
68 comments:
Weird dude
HEALTH IS WEALTH...MAKE SURE TO ALWAYS GET CHECKED AND LIVE A GOOD LIFESTYLE...
@THEBEAT999FREAK
Hei..a copy of cd for $2Million? Seen
Continue to update the latest news yes, I really like your writing style :)
If he actually did all this things he is been accused of, he will definitely pay for his crime, the law of karma will not let him go free.
For classical news,gistz,gossips,sports,relationship mattaz etc please visit www.gideonike.blogspot.com
i will also tell u d secrets of linda's fortune for those who care to know
Gud morning linda. I no fit sleep jor
Animal
He should be sent to 50 YEARS IMPRISONMENT ...Lol...that man face on the last pic tho *OMG*
This man take style wicked o
#iT wiLL oNLy gET beTTer
#iT mUst eNd iN praise
What a shame!!!
Don't hv time 4 long story dis early mrnin jor...
The dude want's to hit a billion dollar net worth by all means.
The Feds juz want this guy behind bars & I see him going to prison for a long time
Greedy Scum!!!! serves him right!! I hope they don't release him!!
Na wa oh.Criminal minds everywhere
Wasted life
Wahala dey o
I honestly dunno if I shud say good for him
America most hated man, No wonder he's having all this problems.
Let him carry his cross.
Aunty Linda publish
Lindaikeji I have been consistence in dis blog for so many years an I have not get any thing in return it will not be fair if u left people like me who started dis ur blog since from day 1 an u favour dose dat did not even know de genesis of dis blog
See him face
I don't understand and I don't care either. Linda take note!
I don't understand and I don't care either. Linda take note!
Hmmmm.....
What's all these harassment,if he owns the stuff den he has to right to increase the price of his product bcos that's the law of economics #freeshkreli
I love the laws in america..
That's wht happens to u when u r america's most hated
Orisirisi
The police man on d last pix isn't just smiling at all
This isn't justice,this is personal.
Its his business he can increase d price if he wants. I mean there's no law against that.
People sha
End time AIDS
Evil that men do...
I don't even understand his crime
Ubanagum
he don enta one chance.
Ha! bail of $20 mil? dey don collect all d money frm him na. good for him. selfish American
lol he wicked true true....
I jst like dis pple d way they take immediate action concerning any criminal act. Hmm bt my naija I hail thee
It is well...
Wicked psycho...
Dis man
I guess the Americans will really pray for him to be found guilty.
I guess the Americans will really pray for him to be found guilty.
Abeg he is wicked and guilty.
Very good, am sure Americans are happy about it... Double your hustle
Na wa o odiegwuuuuuuuuuu oooo
Peleoooooo
oyo lo wa
EWU!
~URHOBO PIKIN.~ (Med lab scientist)
He got busted
Mr martins u see your life??...thank God its in d state..shits like this happen in 9ja no one give a f**k!!!
~make I go take one bottle of beer~
Good riddance I guess? Karma abi Yuessay a bit#ch! Don't joke with Amerigos.
Eeyah guess they are still angry with him and want to bring him down!!!
Greedy c**t
Very good...
I like this man....
#ONE OF A DOPE
Make them give am all the melecine to chew.Mad man
Make them give am all the melecine to chew.Mad man
since he raised the price of dat drug and everybody even US politician and elite complaint about it and called him out...I have always know that there is fire on the mountain for him.. haaa U.S.
Kai!
D money is more important to him than people lives!
Comment frm ROYAL PRIESTHOOD (royalpriesthood007@gmail.com)
He is too greedy...that price hike was way too much
This is clearly a disturb man, a single album for 2m, he is cray-cray
I pray his found guilty, I wish 4 d authority 2 find more skeleton in his dirty cupboard
HIV and cancer drug. Not drugs. And not AIDS. Linda educate yourself. There's more to life than fashion
HIV and cancer drug. Not drugs. And not AIDS. Linda educate yourself. There's more to life than fashion
HIV and cancer drug. Not drugs. And not AIDS. Linda educate yourself. There's more to life than fashion
So nor b only Naija dis kind things dey happen.
na wa o
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