Former pharmaceutical executive Martin Shkreli suffered a roughly $40 million drop in the value of a trading account used to secure his bail following his arrest on securities fraud charges, a U.S. prosecutor said on Wednesday. At a hearing in federal court in Brooklyn, Assistant U.S. Attorney Winston Paes said the account contained mostly shares of KaloBios Pharmaceuticals Inc , a drug company that Shkreli briefly ran. Paes told U.S. District Judge Kiyo Matsumoto that Shkreli may need to post new assets to secure his $5 million bond, which was issued following the 32-year-old's arrest in December.
WASHINGTON (AP) — Creating babies from the DNA of three people — a man and two women — one day might prevent mothers from passing on devastating genetic diseases, and advisers to the government now say it's ethical to test the procedure under certain conditions.
A convicted killer whose daring escape last year from an upstate New York prison triggered a massive three-week manhunt received a maximum sentence on Wednesday, after apologizing in court for his actions. David Sweat pleaded guilty to two counts of escape and one of promoting prison contraband in November, five months after he was shot and captured about two miles from the Canadian border. Sweat and fellow inmate Richard Matt broke out of the maximum-security Clinton Correctional Facility in Dannemora, New York, on June 6, using hacksaw blades hidden in frozen hamburger meat as part of an elaborate escape plan.
Real estate heir and murder suspect Robert Durst pleaded guilty to a federal gun charge in New Orleans on Wednesday, setting the stage for his return to California to face charges in the 2000 death of a longtime friend. Durst, 72, could be sentenced to seven years and one month in prison under his plea agreement, followed by three years of supervised release. Shackled and wearing an orange jumpsuit, Durst appeared frail and thin at a hearing before U.S. District Judge Kurt Engelhardt.