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More woes for ‘Pharma Bro’: IRS hits Martin Shkreli with $4.6 million tax lien

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The Internal Revenue Service (IRS) is seeking more than $4.6 million in unpaid taxes from former Turing Pharmaceuticals CEO Martin Shkreli, Gawker reported on Thursday.

The agency filed a lien against Shkreli in New York City last month, seeking $4,625,496.70 in taxes from 2014, as well as $3,431.85 in unpaid taxes from 2013. Neither Shkreli nor his attorney have commented regarding the matter.

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Gawker also posted a picture of the document, which can be seen below.

shkreli lien1

Shkreli, who became known as “Pharma Bro” after hiking the price on a cancer treatment drug from $13.50 a pill to $750 a pill, also faces a $2 million lawsuit from artist Jason Koza, who argues that his artwork was illegally featured in a Wu-Tang Clan album Shkreli said he bought because he wanted to “keep it from the people.”

The former hedge fund investor also suffered a $40 million trading loss in an account used to track his bail following his arrest on securities fraud charges.

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Enjoy this piece?

… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. Unlike other news sites, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from corporate overlords, we fight to ensure no one is forgotten.

We need your support to keep producing quality journalism and deepen our investigative reporting. Every reader contribution, whatever the amount, makes a tremendous difference. Invest with us in the future. Make a one-time contribution to Raw Story Investigates, or click here to become a subscriber. Thank you.



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You can expect these 3 authoritarian regimes to help get Trump reelected in 2020

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In the aftermath of the Israeli government’s decision to bar Reps. Ilhan Omar and Rashida Tlaib from visiting Israel and Palestine, the 2020 Democratic presidential contenders rallied around the two congresswomen, and the Israeli government discredited its American supporters.

With a blatant show of support for President Trump’s strategy of racial polarization, Israeli Prime Minister Bibi Netanyahu not only signaled his government’s support for Trump in the 2020 election; he also served to unify an often-fractious party around a more anti-Israel message that resonates across the party’s left-center spectrum.

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‘I’ll be darned!’ Rick Perry — who oversees US nukes — fooled by Instagram hoax

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Energy secretary Rick Perry, who oversees the U.S. nuclear arsenal, fell for an Instagram hoax, along with several celebrities.

The poorly worded "legal" notice is similar to viral hoaxes that have circulated for years on Facebook, which owns Instagram, warning that the social media company will make all its users' photos and messages public.

Instagram isn't changing its privacy policy, according to its chief executive Adam Mosseri.

If you’re seeing a meme claiming Instagram is changing its rules tomorrow, it’s not true - learn more here: https://t.co/Qy102zMQCm

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Has anything changed since Burning Man’s sex assault and labor issues were exposed?

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The last weekend in August marks the start of Burning Man, a week-long, festival in the Nevada desert consisting of freewheeling performance art, fanciful costumes, and a lot of drugs. The anarchic party with more than 50,000 attendees constitutes a pilgrimage for many attendees, lured by the promise of leaving the “default world” behind in exchange for a transformative or even spiritual experience.

This article originally appeared at Salon.

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