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Martin Shkreli’s Twitter account gets hacked – offers followers free money and
Robert Capers, US attorney of the eastern district of NY, said the charges against Shkreli were “a securities fraud trifecta of lies, deceit, and greed”.
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KaloBios has announced that Martin Shkreli resigned from its board of directors and was removed from his approximately month-long tenure as the biotech’s CEO following his arrest last Thursday.
Whoever’s behind it is saying that he’ll give away all his money – just hours after Shkreli took to twitter to plead his innocence.
San Francisco-based KaloBios said Shkreli was “terminated” December 17 – the day federal prosecutors and regulators accused him of defrauding investors in two hedge funds he operated and siphoning funds from a separate pharmaceutical firm to hide the losses.
However, following release on a $5 million bail, Shkreli, who has, since September, been called a “morally bankrupt sociopath” and “the most hated man in America”, among other things, rejected the allegations, calling them “baseless and without merit”.
After being arrested on charges of securities fraud last week, and subsequently resigning from his position as CEO of Turing Pharmaceuticals, Shkreli has been fired from his positon as CEO at KaloBios Pharmaceuticals.
The University of California at Davis and Moffitt Cancer Center in Florida on Saturday said they were suspending a clinical trial, sponsored by KaloBios, of the leukemia drug KB003 due to Shkreli’s criminal case. Its shares tumbled 70 percent in January after its drug for lung infections failed in testing.
Over the weekend, the hacker who seized control of Shkreli’s social media accounts tweeted repeatedly about him getting AIDS, one of the diseases treated by the medication whose price Shkreli increased: “I got anal aids now good thing the pill is right here for $700”. The SEC complaint accuses Shkreli of a string of abuses, including exaggerating to hedge-fund investors his investment performance and assets under management. Shkreli said. “It seemed to me like it would be fun to experiment with”. It was halted about 10 minutes after news of Shkreli’s arrest on fraud charges.
Adding to his woes, Shkreli’s Twitter account was hacked Sunday and his name was changed to “Martin the God”.
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It’s the third time the troubled CEO has had to vacate a company’s top spot in a little more than a year. He tweeted this morning that he had regained control.