Drug entrepreneur Martin Shkreli, 32, made himself infamous by hiking the price of life-saving generic pill from from $13.50 to $750. If you suspected that such a sterling human being might have fingers in other pies, you're not alone, as he's now been arrested on securities fraud charges.
Bloomberg's Christie Smythe and Keri Geiger write that the past is catching up with him.
The federal case against him has nothing to do with pharmaceutical costs, however. Prosecutors in Brooklyn charged him with illegally taking stock from Retrophin Inc., a biotechnology firm he started in 2011, and using it to pay off debts from unrelated business dealings. He was later ousted from the company, where he’d been chief executive officer, and sued by its board.
In the case that closely tracks that suit, federal prosecutors accused Shkreli of engaging in a complicated shell game after his defunct hedge fund, MSMB Capital Management, lost millions. He is alleged to have made secret payoffs and set up sham consulting arrangements. A New York lawyer, Evan Greebel, was also arrested early Thursday. He's accused of conspiring with Shkreli in part of the scheme.
The BBC describes him as The most hated man in America, but that doesn't get to the heart of it. There's a perfect compatibility between a new breed of completely unguarded narcissist and the ever-shallower way news is presented. The sweet spot might not last long, but while it does last, expect more Shreklis.
My friend Emily Edwards has a delightful podcast called Fuckbois of Literature, that, well, pretty much explores exactly what it promises: fuckbois, in literature. The characters of literature other readers exalt, but you hope never to meet. Maybe they screw everything that moves (and moos). Maybe they’ve locked their first wife in the attic. Maybe […]
Wally Backman, seen here as manager of the South Georgia Peanuts, just wants to know what he said that got him ejected from the game along with his player. The umpire, he says, is “an embarrassment to professional baseball.” The screaming begins 1 minute in; the action begins 3 minutes 8 seconds in.
Michael “Rands” Lopp spotted something beautiful about this White House photo: everyone in it who doesn’t have the word “president” in their job title has been fired. Only the best people. Here’s the season 1 winner of the blunder games, as shot by Jonathan Ernst with Reuters.
For those with a writing flair, the thought of building a career as a professional copywriter should probably have some appeal. Thankfully, it’s also an in-demand job skill with the average copywriter making a healthy $60,000 a year for their efforts. But even if you have a way with words, you still need the industry […]
While we all love our iPhones and iPads, celebrating the releases of their latest and greatest versions, it’s amusing to consider how much we at the same time HATE the main item that keeps these little tech marvels powered up and working. No, Lightning cables don’t exactly inspire feelings of awe and wonder. It’s more […]
Every family is chock full of stories. Stories of history, stories of memory, stories of accomplishment and stories of love. From a grandparent’s tales of life decades ago to a couple’s first meeting to amazing life experiences and moments that you wish could be preserved for future generations. Unfortunately, we all don’t have the literary […]