FTC says Martin Shkreli 'flagrantly and repeatedly' violated his lifetime pharma ban
Source: Business Insider ·
The Federal Trade Commission and seven state attorneys general want a federal judge to find Martin Shkreli in contempt.
From the source
The Federal Trade Commission and seven state attorneys general say Martin Shkreli has repeatedly violated his lifetime ban from the pharmaceutical industry.Bloomberg/Getty ImagesThe Federal Trade Commission said Martin Shkreli is still trading pharmaceutical stocks.The FTC said the "Pharma Bro" continues to do this despite a lifetime ban.In a court filing, the FTC and seven state attorneys general asked a judge to hold Shkreli in contempt.The Federal Trade Commission and seven state attorneys general say that Martin Shkreli hasn't complied with his lifetime ban from the pharmaceutical industry.In a 37-page court filing, the FTC and the attorneys general state that Shkreli has repeatedly violated the ban by trading pharma stocks and publicly broadcasting opinions about the industry in livestreams and social media posts on X and Reddit."Today's action should serve as notice that the FTC will not hesitate to enforce violations of court orders," Daniel Guarnera, director of the FTC's…
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