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Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

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When SpaceX starts trading, some 'shareholders' will discover they own nothing at all

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Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

1

Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

2

When SpaceX starts trading, some 'shareholders' will discover they own nothing at all

3

Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer
LeadershipMartin Shkreli

Letter from Martin Shkreli: “I Hope To See You and Your Four Children Homeless”

By
Chris Morris
Chris Morris
Former Contributing Writer
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By
Chris Morris
Chris Morris
Former Contributing Writer
Down Arrow Button Icon
July 19, 2017, 9:47 AM ET

The trial of “pharma bro” Martin Shkreli gets weirder and weirder.

Tim Pierotti, who once ran a consumer hedge fund for Shkreli, testified Tuesday that the man who gained notoriety by raising the price of a life-saving drug more than 5,000% sent a threatening letter to his home, addressed to his wife, reading, “I hope to see you and your four children homeless. I will do whatever I can to assure this.”

The letter was entered into evidence at Shkreli’s trial in Federal District Court in Brooklyn.

In the letter, Shkreli accused Pierotti of stealing $1.6 million from him and added, “making an enemy out of me is a mistake.” The theft accusation allegedly revolved around the sale of shares of Retrophin, a biopharmaceutical company Shkreli ran.

The two men met in 2011, when Pierotti joined MSMB, Shkreli’s hedge fund. Pierotti testified that he put all of the money from that fund into one stock—Rick’s Cabaret, a chain of strip clubs, with Shkreli’s approval.

It’s the latest in a long series of odd moves for Shkreli, who also paid $2 million for the sole copy of a Wu-Tang Clan album (something he might have to forfeit should the trial not go his way).

If nothing else, it sounds like the Off-Broadway musical based on his life might have to be expanded.

About the Author
By Chris MorrisFormer Contributing Writer

Chris Morris is a former contributing writer at Fortune, covering everything from general business news to the video game and theme park industries.

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