"It's a bargain" drug gouger, Martin Shkreli, 32, has been arrested on charges of securities fraud and running a Ponzi scheme to pay off debts from an old company

SHAMED AT LAST: AIDS-drug gouger Martin Shkreli is marched to court by FBI after securities fraud arrest for running a Ponzi scheme to pay debts - and freed on $5 MILLION bond

• Martin Shkreli, 32, has been arrested on charges of securities fraud and running a Ponzi scheme to pay off debts from an old company  
• It is also alleged he illegally used stock from the biotechnology firm he owned, Retrophin Inc., to pay off debts related to MSMB 
• Retrophin and its investors suffered a loss in excess of $11million because of Shkreli's scheme according to United States Attorney Robert Capers 
• He earned the moniker of 'most hated man' in September after raising the cost of an AIDS and cancer drug from $13.50 per tablet to $750 overnight 
• MSMB Capital Management was founded by Shkreli in 2009 and shuttered in 2012, the same year Retrophin was founded and Shkreli became CEO
• He was released on a $5million bond after bring arraigned in federal court on Friday

By Chris Spargo For Dailymail.com and Daniel Bates For Dailymail.com In Brooklyn and Louise Boyle For Dailymail.com

Published: 07:17 EST, 17 December 2015 | Updated: 23:18 EST, 17 December 2015

Martin Shkreli was released on a $5million bond after being arraigned on charges of securities fraud in federal court in Brooklyn Thursday afternoon.

Shkreli, the son of immigrants, was also forced to forfeit his passport.

The price-hiking pharmaceutical entrepreneur was picked up by the FBI in the early hours of Thursday following an investigation into a former hedge fund and drug company he previously headed.

It is alleged he illegally used stock from the biotechnology firm Retrophin Inc. to pay off debts related to his struggling hedge fund and to pay back angry investors.

He is being charged with seven counts of fraud for running what United States Attorney Robert L. Capers of the Eastern District of New York is calling a Ponzi scheme.

Shkreli, 32, pleaded not guilty to these allegations.

He faces a maximum sentence of 20 years in prison if convicted on all charges.

Free: Martin Shkreli was released on a $5million bond Thursday afternoon

Art: A courtroom sketch shows defendants Shkreli (C) and Greebel (R) a former partner at law firm Katten Muchin Rosenman (R) during their arraignment

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Russia Seeks To Ban U.S. Dollar & Predicts Scheduled Collapse in 2017

Russian lawmaker seeks to ban US dollar, predicts 2017 collapse

Published time: November 13, 2013 19:53
Edited time: November 15, 2013 11:39

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RIA Novosti / Mikhail Mordasov

To protect Russians against the “collapsing US debt pyramid”, a Russian legislator has filed a draft bill to ban circulation of the currency in Russia.
Once a Moscow mayoral hopeful, Mikhail Degtyarev, 32, likens the US dollar to a worldwide ponzi scheme which he says is scheduled to end in 2017.
“If US national debt continues to grow at its current rate, the dollar system will collapse in 2017,” the submitted draft legislation says.
“In light of this, the fact that confidence in the US dollar is growing among Russian citizens is extremely dangerous,”  Degtyarev wrote in his explanatory note attached to the bill.
The bill would impose a ban on dollars within a year of its passage, and any private citizen holding accounts in dollars would either need to spend the money or convert it to another currency. There is no proposed ban on the euro, British pound, yen, or yuan.
If one doesn’t exchange or transfer dollars within a year, the dollars will be seized by officials, and reimbursed in rubles within 30 calendar days.
Under the proposed legislation, Russians would still be able to use dollars abroad and have foreign bank accounts, as well as buy goods on the Internet in dollars.
The Russian government, Central Bank, Foreign Ministry, Federal Treasury, Federal Security Service, and other state branches would be exempt from the law.
To protect Russian nationals, Degtyarev proposes to end dollar transactions and deposits at Russian banks, which would give rise to the ruble, and end dependence on the world’s dominant currency.
Part of the bill aims to restore the prestige of the ruble, which has weakened as the Russian economy battles inflation and slow growth.

Raising the prestige of the ruble by nixing foreign currency isn’t a novel idea- it was practiced during the Soviet Union when holding foreign currencies was illegal. A similar ‘anti-dollar’ proposal was filed by Duma deputies in 2003, but completely flopped.

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Russian lawmaker wants to outlaw U.S. dollar, calls it a Ponzi scheme

By Marc Bennetts - Special to The Washington Times

Wednesday, November 13, 2013

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  Enlarge Photo
  Just-cut stacks of $100 bills make their way down the production line ... more >

MOSCOW — Predicting the imminent collapse of the U.S. dollar, a Russian lawmaker submitted a bill to his country’s parliament Wednesday that would ban the use or possession of the American currency.
Mikhail Degtyarev, the lawmaker who proposed the bill, compared the dollar to a Ponzi scheme. He warned that the government would have to bail out Russians holding the U.S. currency if it collapses.
“If the U.S. national debt continues to grow, the collapse of the dollar system will take place in 2017,” said Mr. Degtyarev, a member of the nationalist Liberal Democrat Party who lost in Moscow’s recent mayoral election.
“The countries that will suffer the most will be those that have failed to wean themselves off their dependence on the dollar in time. In light of this, the fact that confidence in the dollar is growing among Russian citizens is extremely dangerous.”

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  Russia Seeks To Ban U.S. Dollar & Predicts Scheduled Collapse in 2017!

DAHBOO77

Published on Nov 15, 2013

Russian lawmakers are making moves to ban the Dollar to protect Russians from what they are calling a SCHEDULED COLLAPSE IN 2017!

http://theextinctionprotocol.wordpres...

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