Let’s All Have A Sad For Alleged Human Martin Shkreli Who Was Arrested For Fraud

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Martin Shkreli, the pompous little alleged human who hiked the price of a lifesaving drug by 5,000 percent, was arrested by federal agents early Thursday morning at his midtown Manhattan apartment.

Martin-Flickr

 

 

 

 

 

 

 

 

 

Shkreli sparked a firestorm of attention when it was revealed that he was gouging the price of the lifesaving Daraprim that fights toxoplasmosis, which infects people whose immune systems have been weakened by AIDS, chemotherapy and pregnancy and is used to treat Malaria.

Shkreli, dubbed Pharma Bro, also expressed regret he hadn’t charged more of the pill which the little shit set at $750 per tablet.

Bloomberg reports:

Martin Shkreli, 32, ignited a firestorm over drug prices in September and became a symbol of defiant greed. The federal case against him has nothing to do with pharmaceutical costs, however. Prosecutors in Brooklyn charged him with illegally taking stock from Retrophin Inc., a biotechnology firm he started in 2011, and using it to pay off debts from unrelated business dealings. He was later ousted from the company, where he’d been chief executive officer, and sued by its board.

Gawker reports:

According to Newsweek, a total of 612,000 shares of Retrophin and $400,000 in cash were “distributed to former investors who had sued both MSMB and Shkreli personally” and reported as compensation for consulting work.

At the time, Shkreli accused the company of filing suit to avoid paying him his severance package.

The criminal indictment also reportedly names a host of other transactions that, according to Newsweek, involve “such a vast number of suspected crimes it is difficult to know where to start.” :

Steve Marmel nailed it.

“Shkreli was the paradigm faithless servant,” Retrophin’s complaint, filed in in Manhattan, said, according to the New York Times.



“Starting sometime in early 2012, and continuing until he left the company, Shkreli used his control over Retrophin to enrich himself and to pay off claims of MSMB investors (who he had defrauded).”

Evan L. Greebel, who is a corporate lawyer and worked with Shkreli, was also arrested  Thursday morning in connection with the charges.

Bummer.

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