Martin Shkreli’s arrest generates the rush you get when a Corvette passes you on the freeway doing 100 mph, and then 10 miles down the road you pass the Corvette owner pulled over by a cop.
“Ah,” you say, “there is occasional justice in life!”
Shkreli is the guy who runs the drug maker Turing.
He ordered the price of a specialty drug that fights cancer and HIV to be raised from $13.50 to $750 a pill this fall, setting off a firestorm of denunciations. To which he basically thumbed his nose by promising to lower the cost to a reasonable level, and then not doing it.
Among those to whom he gave the Bronx cheer was Hillary Clinton. Probably not a good idea, Marty.
The feds showed up at his house today, according to myriad news reports, and arrested him for securities fraud. Now, the guy who was branded “most hated man in America” for jacking up the price will need the dough for lawyers.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.