FTC asks judge to maintain Martin Shkreli in contempt of court for forming new drug business

FTC asks judge to maintain Martin Shkreli in contempt of court for forming new drug business


Martin Shkreli, former main government officer of Turing Prescription drugs AG, heart, pauses even though talk to members of the media with his attorney Benjamin Brafman, suitable, outside the house federal court docket in the Brooklyn borough of New York, U.S., on Friday, Aug. 4, 2017.

Peter Foley | Bloomberg | Getty Illustrations or photos

The Federal Trade Commission on Friday requested a choose to maintain notorious “pharma bro” Martin Shkreli in contempt of courtroom for forming a new drug business in violation of a ban on the convicted fraudster from working in the prescription drugs sector.

Shkreli, who was launched from jail very last 12 months, experienced been banned “for life from instantly or indirectly
collaborating in any way in the pharmaceutical marketplace” as a outcome of an FTC lawsuit in opposition to him and a prior drug corporation he launched.

The FTC, in a court docket submitting Friday, famous that Shkreli in July declared the development of a new organization, Druglike, “that seems to be involved in the drug marketplace.”

The agency stated that motion, as properly as Shkreli’s failure to pay out a $64.6 million fine, recommend that he is violating the court’s order in the situation.

This is breaking news. Remember to check out again for updates.



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