Martin Shkreli

Martin Shkreli is an American former hedge fund manager and convicted felon. Shkreli is the co-founder of the hedge funds Elea Capital, MSMB Capital Management, and MSMB Healthcare; the co-founder and former chief executive officer of the pharmaceutical firms Retrophin and Turing Pharmaceuticals; and the former CEO of start-up software company Gödel Systems, which he founded in August 2016. In September 2015, Shkreli was widely criticized when Turing obtained the manufacturing license for the antiparasitic drug Daraprim and raised its price by 5,455%. In 2017, Shkreli was charged and convicted in federal court on two counts of securities fraud and one count of conspiring to commit securities fraud, unrelated to the Daraprim controversy. He was sentenced to seven years in federal prison and up to $7.4 million in fines. In the civil case he was fined a further $64.6 million to be given to victims nationwide.

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