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:
I am confident I will prevail. The allegations against me are baseless and without merit.
— Martin Shkreli (@MartinShkreli) December 19, 2015
tl;dr
the unfortunate downside to the admittedly very enjoyable arrest of shkreli is that it sucks all of the attention off the issue and away from big pharma that is just as maliciously greedy and amoral. (it was so reassuring to see the clip of claire mccaskill in a senate hearing outraged that he purchased the only copy of the wu-tang cd…) it’s just that their price gouging is done incrementally from year to year – but affects millions more people and earns billions more in profits. the nyt had a decent piece on this yesterday.
…as are you, Marty! as are you.
Note to Justice Department: Please “No Plea Deals”.
What me worry?