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The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

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Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem

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The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

2

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

3

Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
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
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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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