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.
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.
To celebrate the abusive lying bastard’s sacking by Fox News, let’s once again enjoy this classic dance remix of his legendary meltdown from the “brown acrylic wig” era of his career. The original:
DBO writes, “A new report by Deflect Labs tracks the complex ways that hackers have sought to take down the Black Lives Matter website. The attacks, which relied on harvesting WordPress sites, increased in sophistication and left a murky, unsavory trail by actors who did everything from try to extort the website to taking it […]
The digital age is well and truly upon us, but let’s not forget there’s a load of free TV content floating literally over our heads. No, we’re not talking about the internet. Signals from major broadcast networks are still gratis for anyone who can pick them up with an antenna. And before you envision those […]
Who said LEGO® had to be ground bound? With The Force Flyers DIY Building Block Fly ‘n Drive Drone, you can turn LEGO® and other building-block creations into fully-functional flying machines. It’s available now in the Boing Boing Store for $39.99. This kit comes with everything you need for remote-controlled long distance flight, including a […]
When businesses need big cloud projects done right, they need experts in DevOps. For the uninitiated, that’s shorthand for the framework that allows development and operations teams to work together toward the same goal – not as independent departments with their own agendas. There’s an arsenal of software that has cropped up to help in […]