{"id":881504,"date":"2026-10-14T02:24:12","date_gmt":"2026-10-14T02:24:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/881504\/"},"modified":"2026-10-14T02:24:12","modified_gmt":"2026-10-14T02:24:12","slug":"martin-shkreli-livestreamed-himself-violating-lifetime-pharma-ban-ftc-says","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/881504\/","title":{"rendered":"Martin Shkreli livestreamed himself violating lifetime pharma ban, FTC says"},"content":{"rendered":"<p>\u201cThe extensive record compiled by FTC staff shows that Mr. Shkreli chose to blatantly disregard the order after leaving prison,\u201d FTC Commissioner Mark Meador said in <a href=\"https:\/\/www.ftc.gov\/system\/files\/ftc_gov\/pdf\/meador-shkreli-statement.pdf\" rel=\"nofollow noopener\" target=\"_blank\">a statement<\/a>. \u201cAmong other actions, he has traded pharmaceutical stocks and actively sought to influence the business and management of multiple pharmaceutical companies through public commentary, in violation of the terms of the injunction. \u2026 A lifetime industry ban is only effective if breaches are met with consequences commensurate with the seriousness of the order.\u201d<\/p>\n<p>In a response, Shkreli said he was surprised by the FTC\u2019s filing. \u201cI could see totalitarian NY AG Letitia James trying to limit a citizen\u2019s free speech but not from Trump\u2019s FTC,\u201d <a href=\"https:\/\/x.com\/MartinShkreli\/status\/2110058669710958654\" rel=\"nofollow\">he wrote on social media<\/a>.<\/p>\n<p>\u201cMagic trick\u201d<\/p>\n<p>The brief filed by the FTC and the states breaks down Shkreli\u2019s alleged violations in four phases:<\/p>\n<p>(1) a 2022 trading competition with another YouTuber; (2) shorting a small biotech firm in 2024, along with trading in other Pharmaceutical Company stocks; (3) a 2025 trading challenge in which he shorted three small biotech firms along with trading in many other Pharmaceutical Company stocks; and (4) a trading challenge begun in June 2026 with a $10,000,000 account in which he is again trading in Pharmaceutical Company stocks.<\/p>\n<p>In numerous livestreams on various social media platforms, Shkreli would sometimes show his accounts on screen, the filing said. He discussed pharmaceutical companies at length, evaluating stocks and predicting the outcomes of pivotal clinical trials. In 2025, he told his viewers about his \u201cmagic trick,\u201d saying: \u201cIt doesn\u2019t matter what trades I make because I can always find a couple of biotech stocks to smoke.\u201d Later in the year, Shkreli advised his viewers to short one pharmaceutical company\u2019s stock, and the company\u2019s stock price quickly dropped 17 percent.<\/p>\n<p>The FTC and the states wrote in their filing that the stocks Shkreli discussed in livestreams are \u201clikely the tip of the iceberg.\u201d FTC staff only reviewed a fraction of Shkreli\u2019s social media activity, and Shkreli has made several references to other accounts he has.<\/p>\n<p>\u201cI have some other accounts that I\u2019[d] show you, but, like, I know feds are watching, so f[*]ck that,\u201d he said, according to the filing.<\/p>\n","protected":false},"excerpt":{"rendered":"\u201cThe extensive record compiled by FTC staff shows that Mr. Shkreli chose to blatantly disregard the order after&hellip;\n","protected":false},"author":2,"featured_media":881505,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[28],"class_list":["post-881504","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/881504","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=881504"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/881504\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/881505"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=881504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=881504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=881504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}