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Martin Shkreli was sentenced to seven years in prison on Friday for defrauding investors out of more than million.Shkreli, who gained notoriety for inflating the price of a life-saving drug, had faced up to 20 years behind bars for mismanaging money at three hedge funds.He was convicted on August 5, 2017 of securities fraud and conspiracy in what prosecutors said amounted to a Ponzi scheme. Shkreli called the charges "a witch hunt of epic proportions."The-CNN-Wire? & ? 2018 Cable News Network, Inc., a Time Warner Company. All rights reserved. 564

Losses are mounting and cash is running short at MoviePass.Helios and Matheson, the owner of the subscription movie service, posted a 6.6 million loss in the second quarter, dwarfing its .7 million loss in the year ago period. It lost 2.47 a share.The company's latest government filing also presented a picture of just how rapidly Helios and Matheson is spending money on the service.It has burned through more than 9 million in cash since the beginning of the year. Most of that money, more than 0 million, has been spent in the last quarter.Meanwhile, the company's cash reserves are dwindling. It has only .5 million in cash on its balance sheet, plus another .7 million held by payments processors. Helios and Matheson warned that "without raising additional capital, there is substantial doubt about the company's ability to continue as a going concern." 888

Many gamers have been frustrated by the lack of availability of PlayStation 5 units since its release earlier this month. On Black Friday, many stores had a handful of units for sale, and in response, people lined up for hours in hopes of scoring the coveted gaming console.The PlayStation 5 marked Sony’s newest generation console since the PlayStation 4 was released at the end of 2013. The PlayStation 5’s release coincides with Microsoft’s release this month of the XBOX Series X. The XBOX Series X has also had a limited supply.Some are using the initial scarcity of the console for profit.Bids on Ebay are showing PlayStation 5 consoles for selling for more than ,000. The console retails for 9.99.In a statement to gaming website gamesindustry.biz, Sony denied claims by Bloomberg that it was cutting production of PlayStation units. “While we do not release details related to manufacturing, the information provided by Bloomberg is false," the statement reads. "We have not changed the production number for PlayStation 5 since the start of mass production."The PlayStation 5 offers a complete redesign to PlayStation’s classic controller. It also delivers graphics that are akin to powerful, more expensive gaming computers.But some experts say if you’re unable to initially score a PS5 to not fret. The initial offering of games is slim, but with time, the number of games available for the PS5 platform will grow. 1438

Millions of Americans received a boost of cash from the CARES Act this year and are hoping for more help from Congress. However, more people who work and pay taxes never received aid the first time. While many in the United States disagree with providing public assistance to workers during the COVID-19 pandemic, some states offer monetary support.Damariz Posadas says she’s passionate about learning and working hard to reach her goals. She’s a graduate student at Boston University. But recently, paying for school has become her hardest test.“I was on what you call a ramen diet,” Posadas said. “I bought ramen and eggs and prayed for the best.”The Mexican immigrant lost her full-time job in August, but in September, she found a part-time job that provided just enough to stay afloat. She not only has a full course load but also cares for her younger sister.‘’I’m working 20 hours a week, trying to support a child, trying to go to school, trying to pay bills, trying to make rent on time,” said Posadas.The challenges do not end there. Posadas is undocumented, and because of this, she cannot apply for public assistance. However, she does pay taxes with an individual taxpayer identification number, also known as I-TIN, that was assigned by the Internal Revenue Service.Massachusetts has not passed legislation to provide public assistance to undocumented immigrants, but other states have.In response to the COVID-19 outbreak, California offered a one-time, state-funded disaster relief assistance to undocumented immigrants who did not qualify for unemployment or money from the CARES Act.States like Washington and Illinois have already allocated millions to provide pandemic-related emergency assistance to immigrants who are undocumented and unemployed. 1776

MACOMB COUNTY, Michigan — Ever since WXYZ television station did a segment about a mother who says she’s an adoption worker, but she isn’t licensed by the state of Michigan, families have been calling, emailing and reaching out on social media to share their heartbreaking stories. Now we've obtained new documents that show the same baby was promised to more than one family; both families paid thousands of dollars for the alleged adoption "services."One of those families is the Markley family. Stacey Markley says she’s having a really tough week: the baby boy that her family was supposed to adopt was allegedly due on Sunday. But now she doesn’t even know if that baby ever existed, and she wants some answers.Tara Lynn Lee promotes herself online as an adoption worker. But the 37-year-old from New Haven, Mich. is not a licensed adoption worker in Michigan and state officials tell us the companies and nonprofits she’s associated with are not licensed either.Lee’s home was raided by the FBI in November.Several sources close to the investigation say Lee is under scrutiny for allegedly promising the same baby to more than one potential adoptive family at a time.“We were so prepared for this baby, everybody was excited for us. And then just to turn around and have nothing, to this day it’s still hard for me,” said Markley from her home in Ohio.Markley says she and her husband hired Lee to help them adopt a baby boy. She says based on the contract they signed, they were paying Lee to care for the birth mother who had “matched” with them. Now Markley isn’t sure if there ever was an actual birth mom or a baby.“It’s heartbreaking because I’m surrounded by all this baby stuff and it doesn’t have an owner,” Markley said.Markley says Lee’s stories about the birth mother never added up.“It was constant, for the two months that we were matched with her, it was – ‘oh, we didn’t meet up, she canceled, I canceled – I had to go deliver a baby.’ So it’s like we never got word of how anything was going,” Markley said.Markley says Lee had them sign a contract, and they handed over ,000 when they “matched” with the birth mother. But when they asked for additional proof of pregnancy, Markley says, they didn’t get it.“I knew in my heart that day that that was going to be the end of it — we weren’t going to be going forward with this, and we weren’t going to be matched anymore. I called my mom crying that day,” she said.She says after a lot of fighting they eventually got about ,000 back. Lee’s paperwork shows she kept 24.75 for expenses.Lee’s contract from July states that “TL Pregnancy Services is a licensed counseling and adoption education center," but state licensing officials confirm Lee is not a licensed counselor.After Markley spoke to WXYZ, we discovered what appears to be a second contract for another couple in a different state. The contracts are dated two weeks apart:  both promising a baby born 12/9/18 from what appears to be the same birth mother named “Tracy.”Meanwhile, Lee’s attorney says she has been cooperating with the FBI probe.“I do know that the government is investigating, and that’s their job, and they could do their due process and do their due diligence, but as it stands today we have heard nothing. To the extent that they’ve asked us for information, she’s been in full compliance,” said Sanford Schulman.Schulman also told WXYZ in an email that, “Always Hope has never claimed to be a licensed agency and this is explicitly noted in every contract. Always Hope provides support for expectant mothers who choose adoption. Every stage was overseen by qualified attorneys who could be consulted throughout the process.”But when WXYZ pointed out that the contract was with TL Pregnancy Services that claimed to be licensed, Schulman seemed unaware of the claims Lee made in her contract. There is no record of a company called TL Pregnancy Services with the state of Michigan.As we reported last week, state records show, prior to 2016, Lee ran something called Always Hope Pregnancy Center LLC. Lee is also connected to the Always Hope Pregnancy and Education Center Inc. in Jacksonville, Florida.Lee is listed as a director on a nonprofit called Always Hope Adoption and Family Services, Inc. in Sterling Heights, Michigan. State officials tell us that organization and Lee are both now under investigation by the Michigan Department of Health and Human Services, and neither is licensed to handle adoptions.The FBI investigation is still underway into Lee. If you know more about this adoption probe, please contact Heather Catallo at 248-827-4473 or at hcatallo@wxyz.com 4722