A judge had imposed a lifetime ban on working in the drug industry last year.
Former drug company executive Martin Shkreli exits U.S. District Court after being convicted of securities fraud, in the Brooklyn borough of New York City, U.S., August 4, 2017. REUTERS/Carlo AllegriWASHINGTON, Jan 20 - The U.S. Federal Trade Commission asked a federal judge on Friday to hold Martin Shkreli in contempt for allegedly impeding its efforts to determine whether he flouted a ban on working in the pharmaceutical industry.
In a filing in Manhattan federal court, the FTC said Shkreli has not complied with its requests for information relating to Druglike Inc, a company it said he formed last July, and noted his apparent failure to pay any of a $64.6 million penalty that accompanied the ban.Shkreli became known as "pharma bro" after raising the price of the anti-parasitic drug Daraprim to $750 per tablet from about $17.
He was sentenced to seven years in prison after being convicted in August 2017 of defrauding investors in two hedge funds he ran, and scheming to defraud investors in drugmaker Retrophin Inc, where he had been chief executive prior to Turing.drug industry ban and $64.6 million penalty last February, related to Shkreli's efforts to keep generic Daraprim rivals off the market. Cote will decide the FTC's contempt motion.
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