Martin Shkreli, former chief executive officer of Turing Pharmaceuticals AG, center, pauses while speak to members of the media with his attorney Benjamin Brafman, right, outside federal court in the Brooklyn borough of New York, U.S., on Friday, Aug. 4, 2017.
Peter Foley | Bloomberg | Getty Images
The Federal Trade Commission on Friday asked a judge to hold notorious “pharma bro” Martin Shkreli in contempt of court for forming a new drug company in violation of a ban on the convicted fraudster from working in the pharmaceuticals industry.
Shkreli, who was released from prison last year, had been banned “for life from directly or indirectly
participating in any manner in the pharmaceutical industry” as a result of an FTC lawsuit against him and a prior drug company he founded.
The FTC, in a court filing Friday, noted that Shkreli in July announced the formation of a new company, Druglike, “that appears to be involved in the drug industry.”
The agency said that action, as well as Shkreli’s failure to pay a $64.6 million fine, suggest that he is violating the court’s order in the case.
This is breaking news. Please check back for updates.