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=””]



Law Firm Billing Specialist


The billing specialist is responsible for the detailed work necessary to help attorneys revise, proc...

Apply now

Experienced Litigation (Commercial) Attorney

USA-LA-New Orleans

This role requires at least 7-10 years of litigation experience on behalf of, or against, insurance ...

Apply now

Associate Attorney

USA-CA-Santa Ana

La Follette, Johnson, a prestigious litigation defense firm in business for over 50 years, specializ...

Apply now

Attorney/Lawyer - Fast Growing Multi-State Family Law Firm (Overland Park, KS)

USA-KS-Overland Park

Are you a legal professional with a passion for Family Law? Stange Law Firm is accepting r...

Apply now




Search Now

Criminal Defense Associate Attorney


Lehi office of a BCG Attorney Search Top Ranked Law Firm seeks a criminal defense associate attorney...

Apply Now

Offshore Energy and Marine Litigation Attorney

USA-LA-New Orleans

New Orleans office of a BCG Attorney Search Top Ranked Law Firm seeks an offshore energy and marine ...

Apply Now

Business Associate Attorney

USA-MI-Royal Oak

Royal Oak office of our client seeks a business associate attorney with 2+ years of experience as a ...

Apply Now

Most Popular


To Top