Shkreli stepped down as CEO of Turing, the company said on Friday, a day after he was charged with securities fraud, securities fraud conspiracy and wire fraud conspiracy related to his management of hedge fund MSMB Capital Management and biopharmaceutical company Retrophin Inc.
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Many are even blaming those involved in Shkreli’s education for his criminal activities, including that same high school which he attended before dropping out to pursue a career on Wall Street. Shkreli founded the company early in 2011 and was sued by Retrophin and fired last fall after his alleged misappropriations were revealed.
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Disgraced pharma magnate Martin Shkreli defaulted to his defense-by-Twitter ways on Saturday to label allegations of fraud lobbed against him as “baseless and without merit”.
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Cramer was quick to distance himself soon after the arrest was made public on his show. Shkreli resigned from Turing Pharmaceuticals following his arrest.
No one-including Martin Shkreli-should have the power to price gouge American families.
Turing released a statement that said the allegations against Shkreli “are personal and have no bearing on Turing Pharmaceuticals”.
His arrest was confirmed Thursday by Federal Bureau of Investigation spokeswoman Kelly Langmesser.
“I am confident I will prevail”, Shkreli said on Twitter.
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Turing also said it was sending a similarly worded letter to doctors stressing that it will continue to offer financial assistance to eligible patients needing Daraprim who are either uninsured or have commercial insurance. Shkreli, who has built a heavy presence on social media, chatted with viewers and played Internet chess in a livestream broadcast Friday (Dec 18) afternoon. “At the same time, I am very excited about the opportunity to guide Turing Pharmaceuticals forward”.
