Hated Pharma CEO Martin Shkreli Arrested For Fraud
News| | By Felissa Allard
In 2014, Shkreli was removed as CEO and resigned from Retrophin, which led to him founding Turing Pharmaceutical. He showed no remorse in raising the price of the HIV drug, Daraprim, from $13.50 a table to $750. The pill only costs $1 to produce. “I could have raised it higher and made more profits for our shareholders, which is my primary duty,” Shkreli said. “No one wants to say it, no one’s proud of it, but this is a capitalist society, capitalist system and capitalist rules, and my investors expect to me to maximize profits.” Shkreli also recently spent a reported $2 million on a one-of-a-kind Wu-Tang album, with no plans to share it with the world. Twitter erupted with the news of his arrest, with many tweeting that it was well-deserved. You’d be hard pressed to find someone who disagrees. Maybe he can use his Wu-Tang album for bail.
#MartinShkreli was arrested for security fraud? Great. I don't even believe in Hell, but you definitely deserve to be roasted there.— Elijah Peterson (@Treozucic) December 17, 2015