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FBI Arrests Shkreli of the Drug Price Hike Fame

posted by takyon on Thursday December 17 2015, @11:11PM   
from the jacked-up dept.

An Anonymous Coward writes:

Martin Shkreli, the head of Turing Pharamaceutical who rose to fame by jacking up a 60-year-old generic drug's price by 5500%, has been reported to be arrested by the FBI for securities fraud.

At Bloomberg and a shorter version from NPR.

In the case that closely tracks that suit, federal prosecutors accused Shkreli of engaging in a complicated shell game after his defunct hedge fund, MSMB Capital Management, lost millions. He is alleged to have made secret payoffs and set up sham consulting arrangements. A New York lawyer, Evan Greebel, was also arrested early Thursday. He's accused of conspiring with Shkreli in part of the scheme.

Goes to show you, if you are gonna be evil, try to stay below the radar.

Previously: Cost of Daraprim Medication Raised by Over 50 Times
Drug Firm Offers $1 Version of $750 Turing Pharmaceuticals Pill

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Original Submission + Alternate Submission by Fnord666

• No pity for the wicked No pity for the wicked (Score: 2) by CortoMaltese on Thursday December 17 2015, @11:22PM

  by CortoMaltese (5244) on Thursday December 17 2015, @11:22PM (#277985) Journal

  All I can say is: Good riddance

  Starting Score:	1		point
  Karma-Bonus Modifier		+1
  Total Score:		2

• Re:No pity for the wicked (Score: 2) by captain normal on Friday December 18 2015, @05:30AM

  by captain normal (2205) on Friday December 18 2015, @05:30AM (#278096)

  But he isn't in prison yet.

  --
  When life isn't going right, go left.

  Parent

• Re:No pity for the wicked (Score: 1) by BrockDockdale on Friday December 18 2015, @08:56PM

  by BrockDockdale (5983) on Friday December 18 2015, @08:56PM (#278352)

  I'm starting to notice something belatedly that probably should've been obvious my whole life, which is that when you hear about someone being a douche in one way or one domain, you can probably find other domains in which they've also been a douche. Thus doucherie is non-domain-specific. In other words, people don't just do douchey things; they are douches. Meaning that their doucheté crosses over ALL spheres and domains.

  Applications:

  • We should never be surprised when a douche like this turns out to have committed other doucheries, either prior or since.
  • When someone is a douche to us, it probably has very little to do with us; rather it has mostly to do with that person's inherent doucheté. (This is common sense, but it's nice that my new theorem is consistent with it and explains it.)
  • When someone is a douche to us, that person probably has an inherent chink in his armor, in the form of past doucheries he is concealing. Find out what those are, and you can probably exact some kind of revenge.
  • Finally, and again, when someone is a douche to us, there is a high likelihood they are in the process, right then, of committing some other doucherie you don't even know about. It is therefore in your own and the public's interest for you to throw up as many barriers to their forward progress as possible; e.g. if you are a DMV clerk you should help them even more slowly; if they want to use your cell phone you should deny the request; if they want you to hustle out of "their way" (a.k.a. the crosswalk) you should walk even more slowly, and so on.

  Parent