Couldn't have happened to a worse guy.
Martin Shkreli has been fired as CEO of KaloBios Pharmaceuticals, a company that the controversial hedge fund investor had purchased just a month ago after his controversial decision to price-gouge an HIV drug for a separate pharmaceutical company.
Related: Of COURSE Martin Creeps On Women On Tinder, Too!
The most recent firing comes after Shkreli was arrested on securities fraud charges for allegedly running a Ponzi-like scheme at his former pharmaceutical company (that, in addition to raising the prices of a life-saving drug to fight HIV from $13.50 to $750.00).
In a regulatory filing revealed on Monday after Shkreli's resignation, the KaloBios was quick to note:
Tags: business blitz, health, icky icky poo, kalobios, legal matters, martin shkreli, pharmaceutical company, pharmaceuticals, ponzi scheme, securities fraud, tacky and true, turing, viral: news, wacky
This must be a HUGE relief.
Kelsey Grammer has been dismissed from a MASSIVE lawsuit that he was being named as a defendant in.
Lydia Cornell, an actress and one of Grammer's former co-stars, was one of the plaintiffs that filed a $100 million suit against Staropoly.com for using the Frasier star's endorsement to trick people into investing in a Ponzi scheme.
Grammer has maintained that he was duped just like everyone else and lost $1 million in the process.
Tags: boss, dismissed, el lay, judge, kelsey grammer, lawsuit, lydia cornell, mitt romney, ponzi scheme, staropoly
How on EARTH does he factor into all of this?
Apparently, John Mayer could be in some serious trouble, as he's somehow been brought into a massive lawsuit over a $100 million Ponzi scheme in Seattle…and he could be holding almost $500,000 of dirty money!
Earlier this year
Tags: association, booking agency, corporate event, darren berg, grabow and associates, john mayer, performance, ponzi scheme, prison, recovery, seattle, trustees
Former Georgia coach Jim Donnan has been accused by the U.S. Securities and Exchange Commission of orchestrating a Ponzi scheme.
They said that former players and other college coaches lost millions of dollars in Donnan's scheme!
Tags: coach, college, football, georgia, illegal, jim donnan, millions, money, ponzi scheme, sad, sec, securities and exchange commission
You gotta know when to hold'em, know when to fold'em! And it seems like Tobey Maguire is all out!
You'll recall that earlier this year, Tobey was caught in a full house of trouble along with 22 other people, who were getting sued for winning money in allegedly illegal poker games from a Beverly Hills hedge fund manager. The Ponzi schemer took them all for a run for their money, but it's exactly money that will see Tobey out of this whole mess.
Last week, the involved parties
Tags: bankruptcy, beverly hills, court, dropped, manager, money, poker, ponzi scheme, sued, tobey maguire
We've just learned that Carol Burnett's former son-in-law Anthony "Trae" Carlson has been arrested in El Lay for allegedly running a Ponzi scheme!
Carlson was brought into jail on Oct. 21, and his bail was set at $2.5 million after being charged with 40 fraud-related felonies! Wow.
Here's what Insurance Commissioner Dave Jones had to say about Carlson and his cohorts' crimes:
Tags: anthony trae carlson, bail, carol burnett, dave jones, el lay, jail, los angeles municipal court, mini madoff, ponzi scheme
Ruth Madoff has been through SO much.
During a new interview with CBS Evening News, Bernie Madoff's wife Ruth admits to the world that she and her husband tried to kill themselves after the ponzi scheme was revealed.
Here's what she had to say about it:
Tags: ambien, bernie madoff, cbs evening news, klonopin, pills, ponzi scheme, ruth madoff, suicide attempt