Vilified Pharma CEO Shkreli Calls Fraud Charges Against Him ‘Baseless’

AP

Martin Shkreli, the former hedge fund manager and pharmaceutical CEO, tweeted Saturday that the fraud charges against him were “baseless.”

Shkreli was arrested Thursday on securities fraud charges and released on a $5 million bond. The 32 year-old made headlines this summer when it was reported that he raised the price of a life-saving drug by 5,000 percent. After the backlash, the company vowed to lower the price.

Here’s Shkreli’s tweet:

ABOUT THE AUTHOR

Sara Jerde is a newswriter based in New York. Her bylines have appeared in The Star-Ledger, The Chronicle of Higher Education and The Columbus Dispatch. She graduated from Ohio University. Send emails to sara@talkingpointsmemo.com and follow her @SaraJerde.
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