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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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MSNBC’s ‘demotion’ of ‘feckless’ Chuck Todd celebrated: ‘Hurray! More Nicolle, less Chuck’

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MSNBC host Chuck Todd was moved to an earlier timeslot where his show, "Meet the Press Daily," will likely earn lower ratings. Meanwhile, Nicolle Wallace seems to have been promoted to a two-hour timeslot leading into primetime.

Wallace, who has extensive experience in Washington, previously served in George W. Bush's White House until abandoning the GOP as the era of Trump came to power.

Todd has made several missteps where he's been unwilling to press GOP leaders who lie openly and obviously on camera.

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George Conway blasts ‘blundering cheat’ Trump in new op-ed: ‘His name should live in infamy’

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Prominent conservative attorney George T. Conway III has written yet another Washington Post op-ed blasting President Donald Trump.

"If there’s one thing we know about President Trump, it’s that he lies and he cheats. Endlessly," Conway wrote. "And shamelessly. But still, mostly, incompetently."

"So it should have come as no surprise that Trump finally went where no U.S. president had ever gone before. In a tweet last week, he actually suggested that the country 'Delay the Election.' That trial balloon was a brazen effort to see if he can defraud his way into four more years in the White House," he explained. "And why not try? After all, Trump has managed to swindle his way through life, on matters large and small, essential and trivial."

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Trump’s ‘delay the election’ tweet laid the groundwork for him and his followers to have an excuse if he loses

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Writing in The New York Times this Monday, Gail Collins and Bret Stephens discuss their contention that President Trump is seeing the writing on the wall regarding the 2020 election, an analysis born from his recent tweet where he suggests delaying the election.

According to Stephens, Trump's tweet is a sign that he knows "in his heart" that he's going to lose in November.

"He’s laying the groundwork not for a coup but for an excuse, both for himself and for his followers," Stephens says. "It creates a mythology to explain defeat, attack Joe Biden and keep the Trump family relevant in the Republican Party. The fact that he’d pull a stunt like this is another reason it’s so important that he lose in a landslide in November."

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