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"Most Hated Man In America" Martin Shkreli Arrested On Suspicion of Fraud (ibtimes.co.uk)

Posted by samzenpus on from the not-exactly-instant-karma dept.

Ewan Palmer writes that everyone's least favorite medication price gouger, Martin Shkreli, has run into some legal problems. According to the article "Pharmaceutical start-up owner Martin Shkreli, dubbed the most hated man in the US over his controversial plans to significantly raise the price of life-saving drugs, has been arrested on suspicion of fraud. Shkreli, 32, who received widespread criticism for hiking up the price of Daraprim from $13 to $750 per pill in September, is being questioned over allegations involving stock from a company he founded in 2011. According to Bloomberg, Shkreli is accused of illegally taking stock from biotechnology Retrophin Inc to pay off debts from unrelated business dealings."

4 of 245 comments (clear)

  1. Maybe his plan was to become the most hated by JoeyRox · · Score: 3, Interesting

    Perhaps his plan was to paint the government as coming after him on a trumped-up charge in retaliation for his raising the price of Daraprim by 5,500%. However a close look reveals he's been under investigation for quite a while, for example:

    http://www.cnbc.com/2015/12/17...

  2. Re:Cross Obamacare by Anonymous Coward · · Score: 5, Interesting

    He was not rounded up because he was gouging poor people for 1000x what they could ever afford to pay for medicine.

    He was rounded up because he stole from rich people 1/1000 of what they could afford to lose.

  3. Re: Karma! It IS a bitch! by Anonymous Coward · · Score: 2, Interesting

    Don't buy into pharma's fear campaign. They want you to think that drugs purchased from another country at a cheaper rate are somehow suspect or dangerous so that you'll be happy paying extortionist prices for the same drug locally.

    Their laws about buying externally and reselling internally violate the Sherman Act and should be struck down. Good luck getting that done with the bastion of corruption that's been haunting the halls of government for decades now.

  4. Re: Karma! It IS a bitch! by Anonymous Coward · · Score: 2, Interesting

    Don't buy into pharma's fear campaign. They want you to think that drugs purchased from another country at a cheaper rate are somehow suspect or dangerous so that you'll be happy paying extortionist prices for the same drug locally.

    Their laws about buying externally and reselling internally violate the Sherman Act and should be struck down. Good luck getting that done with the bastion of corruption that's been haunting the halls of government for decades now.

    If those drugs have been manufactured in India, then they probably are in fact suspect and dangerous.
    Read about Ranbaxy's HIV drugs and their $400 million dollar fine.