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Search resuls for: "Benjamin Brafman"


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Federal agents on Monday raided homes owned by hip-hop mogul Sean Combs in Los Angeles and Miami, NBC News reported, citing sources. The Department of Homeland Security agents were authorized to search the properties by warrants issued in Manhattan federal court, months after a series of lawsuit accused Combs of serious sexual misconduct, law enforcement sources said. Benjamin Brafman, a New York attorney who has represented Combs, did not immediately respond to CNBC's request for comment. "We will always support law enforcement when it seeks to prosecute those that have violated the law," Wigdor said in a statement. Combs was sued in Manhattan federal court by Ventura, who is known as Cassie.
Persons: Sean Combs, Combs, Diddy, Jane, HSI, Benjamin Brafman, Douglas Wigdor, Casandra Ventura, Jane Doe, Wigdor, Rodney, Li Rod, Jones, Tyrone Blackburn, Ventura, Cassie, Cassie's, Liza Gardner, Joie Dickerson, Neal, Blackburn, Gardner, Dickerson Organizations: NBC News, Department of Homeland Security, NBC, Homeland Security Investigations, Security, Combs, Bad Boy Records Locations: Los Angeles, Miami, Manhattan, New York, HSI Los, HSI Miami
A federal appeals court Tuesday upheld a lifetime ban on "pharma bro" Martin Shkreli from working in the pharmaceuticals industry as well as an order to pay up to $64.6 million in disgorged profits for blocking competition to the drug Daraprim. His lawyer, Benjamin Brafman, in a statement to CNBC on the appeals court decision, said, "The lifetime ban is too severe." In its eight-page ruling, the appeals court noted that Shkreli argued that Manhattan federal court Judge Denise Cote "abused" her discretion in imposing a lifetime ban on him from the drug business. "The district court found, and Shkreli does not dispute, that Shkreli's illegal scheme was "egregious, deliberate, repetitive, long-running, and ultimately dangerous." "Given his strategic decision in the district court, there is no injustice to Shkreli by us declining to address his new argument."
Persons: Martin Shkreli, pharma bro, Shkreli, Benjamin Brafman, Brafman, Denise Cote, , Peluso Organizations: Turing Pharmaceuticals AG, pharma, U.S, Circuit, New, Federal Trade Commission, CNBC, FTC, Vyera Pharmaceuticals, Phoenixus, Mr Locations: New York, California, Manhattan
The ban also included a $64.6 million civil fine, which Shkreli said he is "so far unable" to pay. He said he intended to comply fully with the ban and provide requested information. The FTC had accused Shkreli last month of failing to provide information about Druglike Inc, a company it said he formed last July. He also said Druglike and DL Software were "software companies creating professional software for chemists and physicists," and thus outside his pharmaceutical industry ban. U.S. District Judge Denise Cote, who imposed the ban and $64.6 million penalty, will decide the FTC contempt motion.
The Federal Trade Commission on Friday asked that notorious "pharma bro" Martin Shkreli be held in contempt of court for forming a new drug company in violation of a judge's ban on the convicted fraudster from working in the pharmaceuticals industry. In its court filing Friday, the FTC noted that Shkreli in July announced the formation of a new company, Druglike, "that appears to be involved in the drug industry." The FTC said Shkreli is required by Cote's order to provide the agency with that information. Benjamin Brafman, a lawyer for Shkreli, declined to comment on the FTC filing. Shkreli was driven back to New York from his prison in Pennsylvania by a friend, Edmund Sullivan, who had previously served on the board of Retrophin.
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