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‘Pharma Bro’ Martin Shkreli convicted of fraud

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Martin Shkreli, the infamous former CEO of Turing Pharmaceuticals, has been found guilty of securities fraud.

CNBC reports that a jury on Friday found the 34-year-old Shkreli — who earned the nickname “Pharma Bro” after he became the public face of price gouging in the pharmaceutical industry — guilty of multiple criminal charges.

Shkreli now faces years in prison after being found guilty of two charges of securities fraud and one charge of conspiracy to commit securities fraud. The former Turing CEO was found not guilty of five other fraud-related charges.

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Shkreli was arrested in late 2015 on securities fraud charges, as authorities alleged he took stock from a biotechnology firm he founded and used it to pay off debts for unrelated business dealings.

“Prosecutors said a mountain of testimony and evidence at trial showed that Shkreli duped multiple investors into putting millions of dollars into two hedge funds he ran… by falsely claiming to have an excellent record of running such funds,” writes CNBC. “After getting their money, prosecutor said, Shkreli quickly lost much of it, and also used some of it to capitalize his infant pharmaceuticals company, Retrophin, even as he continued sending out financial statements to investors claiming positive returns.”

Shkreli first gained notoriety after it was revealed that his company Turing Pharmaceuticals raised the price of an important AIDS-related drug called Daraprim from $13.50 per tablet to $750 per tablet.

 

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Genocide expert breaks down how all of the ‘warning signs’ are present in Trump’s America

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Defense research scientist and genocide expert Brynn Tannehill laid out a terrifying warning on Thursday about President Donald Trump's administration.

As the United States Senate conducted an impeachment trial for the commander-in-chief, Tannehill posted an extended Twitter thread examining the situation in America from her perspective as a researcher studying the conditions that lead to genocide.

Here is what she wrote:

I study genocide. It's been a theme in my academic endeavours for nearly 30 years. More accurately, I study the conditions in the lead up to genocide, be they cultural, social, political, economic, etc... 1/n

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Year of Rat hails easy ride for Donald Trump — but bumps for Harry and Meghan

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As the world prepares to welcome the Year of the Rat, feng shui masters predict a lucky year for Donald Trump, but warn Harry and Meghan's futures are less certain as they make a bid for freedom.

Both the US President and the Sussexes have begun 2020 with a bang.

The former is facing down an impeachment trial -- and seeking re-election in November -- while the latter are beginning a new chapter in Canada after consciously uncoupling from the gilded but pressured career of being a working British royal.

But if experts in the field of Chinese horoscopes are to be believed, it is the US president that will have the easier journey this year.

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John Roberts caused a ‘crisis of democratic legitimacy’ — it’s ‘entirely fitting’ he has to preside over his mess: columnist

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Supreme Court Justice John Roberts was blasted in The Washington Post on Thursday for his culpability in creating the dynamics that resulted in President Donald Trump -- and his impeachment.

"There is justice in John Roberts being forced to preside silently over the impeachment trial of President Trump, hour after hour, day after tedious day," Dana Milbank wrote. "Roberts’s captivity is entirely fitting: He is forced to witness, with his own eyes, the mess he and his colleagues on the Supreme Court have made of the U.S. political system. As representatives of all three branches of government attend this unhappy family reunion, the living consequences of the Roberts Court’s decisions, and their corrosive effect on democracy, are plain to see."

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