He pleaded not guilty on Thursday to charges of securities fraud, securities fraud conspiracy, and wire fraud conspiracy for orchestrating three interrelated schemes: schemes to defraud investors in MSMB Capital and MSMB Healthcare and a scheme to misappropriate Retrophin’s assets.
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Even though the latest charges on him are not related to the price-gouging, most people are hoping that the indictment will get tied in.
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Maybe they just want to be on his “like” list so they can keep abreast of his latest antics. Trump said he didn’t do it for the polls, so he doesn’t care what the polls say.
The securities fraud investigation predated a separate controversy surrounding Shkreli since September, when reports surfaced that his privately held Turing had raised the price of Daraprim, a 62-year-old treatment for a unsafe parasitic infection, to $750 a tablet from $13.50 after acquiring it.
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“Right, um, chat s-t get banged you f-king nonce”, said the man, using the British slang for a pedophile. But his defiance also comes from a core doctrine of the biotech industry: progress takes money.
‘I’m like Robin Hood.
Shkreli, resigned from Turing Pharmaceuticals soon after he was arrested.
Over the next several hours, hundreds watched him play online chess, strum a guitar and talk about an ex-girlfriend – but not about the allegations, which he said he couldn’t discuss.
He was arrested Thursday in NY and faces a number of criminal allegations that he bilked a company out of millions of dollars.
The hacker then changed Shkreli’s Twitter name to “Martin the God” and changed his bio to read “F-k yall…”
The decision did not sit well with Shkreli, who lashed out in an interview with HipHopDX. “At least have the decency to say nothing or ‘no comment, ‘” he complained. Until we have had the opportunity to review the charges against Mr. Shkreli, we can not comment further.
Shkreli’s arrest immediately raised questions about his future not only at Turing but at KaloBios, a publicly traded California company that he gained control of in November, by leading an investor group that acquired the company’s shares on the open market.
Shkreli has appeared to bask in the attention, however negative. Despite giving warm praise at the time of the donation, Shkreli has elsewhere criticized the school for its “conformity” and high-pressure atmosphere.
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Undeterred, Shkreli launched a new fund – it also collapsed, prosecutors say – and in 2011 launched himself into the pharmaceuticals business as CEO of Retrophin, which also has drawn scrutiny over sharp drug price increases.
