Martin Shkreli took the world by storm when he decided to be the public face of douchebaggery after his company raised the price of a drug used mostly by cancer and AIDS patients more than 5000 percent. That story is old. Shkreli is a jerk; he defends his assholery by proclaiming himself some victim businessman whose company doesn’t make a profit rather than the weasel that he is.
The weasel that he is was just arrested on federal securities fraud charges, because karma is a bitch. A report from Bloomberg says Shkreli used a shell company to siphon money to investors in his failed hedgefund. They speak of secret payoffs and fake consulting fees. It’s riviting stuff.
From the Bloomberg report:
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.
Pharma Bro and professional douche Martin Shkreli is nothing but a fraud. He’s an unfortunate individual who squandered his first big project and moved on to what his evil little brain must have deemed an easy and profitable industry for a total scumbag: The American prescription drug industry. Shkreli is a small-time guy trying to make Big Pharma moves in an industry that responded and crushed him with a $1 alternative to his $750 pill.
What more can you really say about this guy? He is the embodiement of the Republican party. He exudes white privilege. Next will be the story of how he got a conservative judge who gave him 18 months of playing chess with Enron executives (like they’re still in jail) at a countryclub outside of Montgomery, Alabama.
Featured image via screen capture