More charges against ex-pharmaceutical executive Shkreli
NEW YORK- Federal prosecutors in New York have filed additional criminal charges against a pharmaceutical executive who separately was heavily criticized for raising the price of a lifesaving malaria medication.
A new indictment filed Friday in Brooklyn says Martin Shkreli and his former attorney Evan Greebel schemed to defraud potential investors of his former drug company Retrophin Inc., based in San Diego. They say the two allocated company stock to seven employees to conceal Shkreli's ownership of it.
Shkreli previously pleaded not guilty to charges he lost investors' money through bad trades and looted the pharmaceutical company to pay them back.
Shkreli already was reviled because another drug company he owned raised the price of Daraprim by 5,000 percent.
Shkreli's attorney says the allegations won't change the "flawed theory" of the case. Greebel's lawyer has no comment.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Federal, State lawmakers look to fund construction of a new bridge
Nakamoto: D.A. to review in-custody death in wake of BRPD drug squad...
Crews battling fire at Hola Nola Foods facility in Geismar
Recent flood victims share drainage concerns ahead of wet week
Days ahead of moratorium vote, Ascension Parish President Clint Cointment says no...
Emotional Paul Mainieri reads notes left behind by fans at Alex Box...
LSU Tigers are ready for Super Regional weekend
LSU battles back to beat Oregon in Regional final
Coach Paul Mainieri announces retirement after 15 seasons at LSU
Brennan Stuprich named Southland Freshman of the Year