Judge bans 'Pharma Bro' Martin Shkreli from pharmaceutical industry 'for life'

Judge bans 'Pharma Bro' Martin Shkreli from pharmaceutical industry 'for life'

New York (CNN)A federal judge ruled Friday former pharmaceutical executive Martin Shkreli should be barred "for life" from participating in the pharmaceutical industry and ordered him to pay nearly $65 million in fines to seven states. The decision by US District Judge Denise Cote Friday was part of a civil case brought by the Federal Trade Commission, and attorneys general for New York, California, Ohio, Pennsylvania, Illinois, North Carolina and Virginia in 2020, who alleged Shkreli violated federal and state laws that ban anticompetitive conduct. A week-long trial took place in December, which Shkreli opted not to attend, according to the ruling. "Based on the trial evidence, Shkreli will be barred for life from participating in the pharmaceutical industry and is ordered to disgorge $64.6 million in net profits from …
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