U.S. Judge Orders Ex-Drug Executive Shkreli to Give Up $7.36 Million

(Reuters)Former drug company executive Martin Shkreli may have to give up a Picasso and a one-of-a-kind Wu-Tang Clan album, after a U.S. judge on Monday ordered him to forfeit $7.36 million following his conviction of defrauding investors.U.S. District Judge Kiyo Matsumoto in Brooklyn said the assets Shkreli could forfeit to satisfy the judgment also include $5 million in a brokerage account and his stake in Vyera Pharmaceuticals, one of the drug companies he founded. Shkreli is scheduled to be sentenced for securities fraud on Friday. A lawyer for Shkreli could not immediately be reached for comment on the judge’s order.

To read this article:

This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply