‘Pharma Bro’ Martin Shkreli Found Guilty on 3 Fraud Charges
NEW YORK (AP) — Martin Shkreli, the eccentric former pharmaceutical CEO notorious for a price-gouging scandal and for his snide “Pharma Bro” persona on social media, was convicted Friday on federal charges he deceived investors in a pair of failed hedge funds.
A Brooklyn jury deliberated five days before finding Shkreli guilty on three of eight counts. He had been charged with securities fraud, conspiracy to commit securities fraud and conspiracy to commit wire fraud.
Shkreli, upbeat and defiant outside court afterward, said he was “delighted to report” that he had been acquitted of what he called “the most important charges” in the case.
Asked about his client’s social-media antics, attorney Ben Brafman conceded it was something they would be working on.
Cannabis Company Plans to Turn Desert Town into Pot Paradise
NIPTON, Calif. (AP) — Now that one of the nation’s largest cannabis companies has bought the entire California desert town of Nipton, a question remains: Will the new owners rename the place Potsylvania?
The name Weed already belongs to an old mill town in Northern California.
American Green Inc. announced Thursday it is buying all 80 acres of Nipton, which includes its Old West-style hotel, a handful of houses, an RV park and a coffee shop. Its plans are to transform the old Gold Rush town into what it calls “an energy-independent, cannabis-friendly hospitality destination.”
The town’s current owner, Roxanne Lang, said the sale is still in escrow, but confirmed American Green is the buyer. She declined to reveal price before the sale closes, but noted she and her late husband, Gerald Freeman, listed the property at $5 million when they put it up for sale last year.
Royal Kush (Hybrid)
Royal Kush, a cross between the famous Skunk #1 and oh-so-potent Afghani, is an Indica-dominant strain favored by patients with such ailments as insomnia, loss of appetite, pain relief, inflammation, nausea and anxiety. This bud appears to be infested with sticky tri-chromes, with orange and electric-white pistils. It also has a pungently danky, fruity, skunky and earthy aroma.
Weed Felons are Welcome in Oakland’s Legal Marijuana Industry
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