NEW YORK (Reuters) -Martin Shkreli, known for once hiking the price of a life-saving drug more than 4,000%, cannot return to the pharmaceutical industry after a federal appeals court on Tuesday upheld his lifetime ban. A three-judge panel of the 2nd U.S. Circuit Court of Appeals in Manhattan said a lower court judge acted properly in imposing the ban and ordering Shkreli to repay $64.6 million because of his antitrust violations. The case had been brought by the U.S. Federal Trade Commission (FTC), joined by New York, California, Illinois, North Carolina, Ohio, Pennsylvania and Virginia.

NEW YORK (Reuters) - Martin Shkreli, known for once hiking the price of a life-saving drug more than 4,000%, cannot return to the pharmaceutical industry after a federal appeals court on Tuesday upheld his lifetime ban.

A three-judge panel of the 2nd U.S. Circuit Court of Appeals in Manhattan said a lower court judge acted properly in imposing the ban and ordering Shkreli to repay $64.6 million because of his antitrust violations.

The case had been brought by the U.S. Federal Trade Commission (FTC), joined by New York, California, Illinois, North Carolina, Ohio, Pennsylvania and Virginia.

Shkreli, 40, became notorious and gained the sobriquet “Pharma Bro” when, as chief executive of Turing Pharmaceuticals in 2015, he raised the price of the newly-acquired antiparasitic drug Daraprim overnight to $750 per tablet from $17.50.

    • diannetea@lemmy.world
      202·
      10 months ago

      You don’t even know the half of it, he played this MUD I was really into, his character’s name was Vanmar, everyone hated him. Maybe a year or so before the pharmacy story broke he got perma banned from the game (oh god I’m gonna skim over a lot here, bear with me) he bought another player’s super high skill character for iirc around 5k, went around bullying people who he couldn’t take in pvp beforehand, then got the permanent ban for all of his accounts by forcibly role-playing a blowjob in a public area (a boat I think) on some other dudes character.

      That was his second perma ban, he bought his way out of the first one, I don’t recall how the first one came about.

      Anyway, total twat. If you go deep in a search engine for Vanmar and DragonRealms you might find more info buried, a lot of its been lost to time and he bought one of the popular player forums around the game and locked it up so all that info is just lost.