Martin Shkreli

Martin Shkreli
Shkreli in 2016
Born (1983-03-17) March 17, 1983 (age 41)[2]
EducationHunter College High School
Alma materBaruch College (BBA)
Occupation(s)Investor, fintech developer, YouTuber, former hedge fund manager and biotech founder
Known forTuring Pharmaceuticals, Retrophin, Daraprim price hike
Criminal statusReleased
Conviction(s)Securities fraud (18 U.S.C. § 1348) (2 counts)
Conspiracy to commit securities fraud (18 U.S.C. § 1348)
Criminal penalty7 years in prison (paroled after 6 years and 5 months)[1]
$72 million in fines
YouTube information
Channel
Genre(s)Investing, finance
Subscribers53.7 thousand[3][4]
Total views1.67 million[4]

Last updated: January 28, 2024

Martin Shkreli (/ˈʃkrɛli/; born March 17, 1983) is an American financial criminal and businessman. Shkreli is the co-founder of the hedge funds Elea Capital, MSMB Capital Management, and MSMB Healthcare, the co-founder and former CEO of pharmaceutical firms Retrophin and Turing Pharmaceuticals, and the former CEO of start-up software company Gödel Systems, which he founded in August 2016.

In September 2015, Shkreli was widely criticized when Turing obtained the manufacturing license for the antiparasitic drug Daraprim and raised its price by 5,455% (from US$13.50 to $750 per pill).

In 2017, Shkreli was charged and convicted in federal court on two counts of securities fraud and one count of conspiracy for activity unrelated to the Daraprim controversy. He was sentenced to seven years in prison and up to $7.4 million in fines. In the civil antitrust (monopoly abuse) case Shkreli was fined a further $64.6 million to be repaid to victims. On May 18, 2022, he was released early from the low-security federal prison in Allenwood, Pennsylvania.

  1. ^ Merle, Renae (March 9, 2018). "Martin Shkreli sentenced to seven years in prison for defrauding investors". The Washington Post. ISSN 0190-8286. Archived from the original on March 9, 2018. Retrieved March 9, 2018.
  2. ^ "No Friends To Celebrate With, Pharma-Bro Throws Himself Lonesome Online Birthday Party". Queerty. March 18, 2016. Archived from the original on July 30, 2018. Retrieved August 23, 2018.
  3. ^ "Social Blade". Social Blade. March 16, 2023. Archived from the original on March 16, 2023. Retrieved February 29, 2024.
  4. ^ a b "About Martin Shkreli". YouTube.