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
Weird dude
ReplyDeleteHEALTH IS WEALTH...MAKE SURE TO ALWAYS GET CHECKED AND LIVE A GOOD LIFESTYLE...
ReplyDelete@THEBEAT999FREAK
Hei..a copy of cd for $2Million? Seen
ReplyDeleteContinue to update the latest news yes, I really like your writing style :)
ReplyDeleteIf 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.
ReplyDeleteFor classical news,gistz,gossips,sports,relationship mattaz etc please visit www.gideonike.blogspot.com
ReplyDeletei will also tell u d secrets of linda's fortune for those who care to know
Gud morning linda. I no fit sleep jor
ReplyDeleteAnimal
ReplyDeleteHe should be sent to 50 YEARS IMPRISONMENT ...Lol...that man face on the last pic tho *OMG*
ReplyDeleteThis man take style wicked o
ReplyDelete#iT wiLL oNLy gET beTTer
#iT mUst eNd iN praise
What a shame!!!
ReplyDeleteDon't hv time 4 long story dis early mrnin jor...
ReplyDeleteThe dude want's to hit a billion dollar net worth by all means.
ReplyDeleteKai!
DeleteD money is more important to him than people lives!
Comment frm ROYAL PRIESTHOOD (royalpriesthood007@gmail.com)
I pray his found guilty, I wish 4 d authority 2 find more skeleton in his dirty cupboard
DeleteThe Feds juz want this guy behind bars & I see him going to prison for a long time
ReplyDeleteGreedy Scum!!!! serves him right!! I hope they don't release him!!
ReplyDeleteNa wa oh.Criminal minds everywhere
ReplyDeleteWasted life
ReplyDeleteWahala dey o
ReplyDeleteI honestly dunno if I shud say good for him
ReplyDeleteAmerica most hated man, No wonder he's having all this problems.
ReplyDeleteLet him carry his cross.
ReplyDeleteAunty 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
ReplyDeleteSee him face
ReplyDeleteI don't understand and I don't care either. Linda take note!
ReplyDeleteI don't understand and I don't care either. Linda take note!
ReplyDeleteHmmmm.....
ReplyDeleteWhat'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
ReplyDeleteI love the laws in america..
ReplyDeleteThat's wht happens to u when u r america's most hated
ReplyDeleteOrisirisi
ReplyDeleteThe police man on d last pix isn't just smiling at all
ReplyDeleteThis isn't justice,this is personal.
ReplyDeleteIts his business he can increase d price if he wants. I mean there's no law against that.
People sha
End time AIDS
ReplyDeleteEvil that men do...
ReplyDeleteI don't even understand his crime
ReplyDeleteUbanagum
he don enta one chance.
ReplyDeleteHa! bail of $20 mil? dey don collect all d money frm him na. good for him. selfish American
ReplyDeletelol he wicked true true....
ReplyDeleteI jst like dis pple d way they take immediate action concerning any criminal act. Hmm bt my naija I hail thee
ReplyDeleteIt is well...
ReplyDeleteWicked psycho...
ReplyDeleteDis man
ReplyDeleteI guess the Americans will really pray for him to be found guilty.
ReplyDeleteI guess the Americans will really pray for him to be found guilty.
ReplyDeleteAbeg he is wicked and guilty.
ReplyDeleteVery good, am sure Americans are happy about it... Double your hustle
ReplyDeleteNa wa o odiegwuuuuuuuuuu oooo
ReplyDeletePeleoooooo
ReplyDeleteoyo lo wa
EWU!
ReplyDelete~URHOBO PIKIN.~ (Med lab scientist)
He got busted
ReplyDeleteMr martins u see your life??...thank God its in d state..shits like this happen in 9ja no one give a f**k!!!
ReplyDelete~make I go take one bottle of beer~
Good riddance I guess? Karma abi Yuessay a bit#ch! Don't joke with Amerigos.
ReplyDeleteEeyah guess they are still angry with him and want to bring him down!!!
ReplyDeleteGreedy c**t
ReplyDeleteVery good...
ReplyDeleteI like this man....
ReplyDelete#ONE OF A DOPE
Make them give am all the melecine to chew.Mad man
ReplyDeleteMake them give am all the melecine to chew.Mad man
ReplyDeletesince 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.
ReplyDeleteHe is too greedy...that price hike was way too much
ReplyDeleteThis is clearly a disturb man, a single album for 2m, he is cray-cray
ReplyDeleteHIV and cancer drug. Not drugs. And not AIDS. Linda educate yourself. There's more to life than fashion
ReplyDeleteHIV and cancer drug. Not drugs. And not AIDS. Linda educate yourself. There's more to life than fashion
ReplyDeleteHIV and cancer drug. Not drugs. And not AIDS. Linda educate yourself. There's more to life than fashion
ReplyDeleteSo nor b only Naija dis kind things dey happen.
ReplyDeletena wa o
ReplyDelete