Breaking News

Much Hated Pharmaceutical Exec Arrested on Fraud Charges
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)

Summary: Controversial “Bad Boy” pharma executive Martin Shkreli was arrested on December 17th on fraud charges.




Martin Shkreli made news earlier this year as a symbol of disgusting pharmaceutical greed. He raised the price on an old drug used to treat AIDS patients and babies from $13.50 a pill to the exponentially larger $750 a pill. When attacked, Shkreli said that his only remorse was not raising the price more.

Finally, karma has seemed to get him back. Shkreli was arrested Thursday on fraud charges. His crimes allegedly date to his younger days, when he managed a hedge fund and ran his first biopharmaceutical company, Retrophin. According to the New York Times, his alleged crimes were a “quasi-Ponzi scheme, in which he used money from his company to pay off money-losing investors in his hedge funds.” An F.B.I. official described the case as a “securities fraud trifecta of lies, deceit and greed.”

The New York Times offers a video of him skyping with a teenager – and he seems just as awful as you might assume.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!

Shkreli also famously spent millions on the only copy of the latest album by rap group the Wu-Tang Clan, Once Upon A Time In Shaolin. With an uncharacteristically savvy sense of humor, the FBI New York Twitter account tweeted the following:

Screen Shot 2015-12-18 at 3.51.07 PM

See the complaint below for details of Shkreli’s crimes.

[gview file=””]


Interesting Legal Sites You May Like




Search Now

Mid-level Litigation Attorney with motions experience


Seattle office of our client seeks mid-level litigation attorney with 3-5 years of experience, inclu...

Apply Now

Environmental /Land Use Attorney with 2-3 years of experience

USA-CA-San Francisco

San Francisco office of our client seeks environmental /land use attorney with 2-3 years of experien...

Apply Now

Litigation Attorney with 2-5 years of insurance defense experience


Jacksonville office of our client seeks litigation attorney with 2-5 years of previous insurance def...

Apply Now

Tax Associate with Real Estate / Capital Markets Experience


Chicago office is seeking a tax attorney with 3-5 years of experience. Significant experience in rea...

Apply Now


Research Briefing Attorney

USA-TX-The Woodlands

Boutique Plaintiff’s Law firm located in The Woodlands, Texas is seeking a 3-6 year case resea...

Apply now

Litigation Attorney

USA-TX-The Woodlands

Boutique Plaintiff’s Law firm located in The Woodlands, Texas is seeking a 6–10 year lit...

Apply now

IP Paralegal


Responsibilities include preparing and filing a variety of documents with USPTO including patent app...

Apply now

Executive Legal Assistant

USA-CA-Long Beach

JOB SUMMARY: Reporting to Managing Partner, the Executive Assistant provides executive support an...

Apply now

Most Popular


To Top