How’s this for someone getting a taste of their own medicine?
Arrested by the FBI on charges of fraud yesterday, Martin Shkreli, the pharmaceutical CEO who achieved global infamy earlier this year for raising the cost of an AIDS drug from $13.50 per tablet to $750 overnight, now faces up to 20 years in jail and the loss of his entire fortune. That's if he has any left...
Swooping on his New York apartment, FBI officers alleged that the social media braggart - who was also recently revealed as the mystery owner of Wu-Tang Clan's reputed £2m one-off album - had illegally used stock from biotechnology firm Retrophin Inc to pay off irritated investors from a failing hedge fund business, MSMB.
Charged with seven counts of fraud for running what United States Attorney Robert L. Capers of the Eastern District of New York called a straight up Ponzi scheme, Shkreli’s web of financial deceit may be far wider than anyone could have predicted. Pleading not guilty and out on bail, it’s the latest in a recent strong of notorious incidents involving the 32-year-old.
Please set Martin Shkreli's bail at $1,000,000. Then raise it 4000 percent— Joel Beall (@JoelMBeall) December 17, 2015
Martin Shkreli pic.twitter.com/OUDpH1ZXuK— shitty watercolour (@SWatercolour) December 17, 2015
Famouly outspoken and even going out of his way to slam protesters when he made the decision to raise the price of a drug used to treat parasitic infections by 5,000 per cent when CEO of Turing Pharmaceuticals, unsurprisingly, Twitter hasn't been sympathetic about this real life Lex Luthor's arrest.
Then of course, there’s the small issue of the limited edition Wu Tang album he has. He recently went on a bizarre rant about the band criticising him in public after he paid to own the record and boasted about inviting celebrities to hear it.
Is this not the best FBI tweet you have ever seen?
#Breaking no seizure warrant at the arrest of Martin Shkreli today, which means we didn't seize the Wu-Tang Clan album.— FBI New York (@NewYorkFBI) December 17, 2015
Keep an eye on eBay. We’ve a sneaky feeling it’ll be popping up on there soon.
(Images: Rex [Bloomberg]/Getty)