The most hated man on the internet, Martin Shkreli, has reportedly been arrested on securities fraud charges. Unfortunately, it’s not because he despicably increased the price of vital drugs.
The FBI arrested the bellend as part of a federal investigation related to his former hedge fund and a drug company he used to run. He’s allegedly been charged with illegally taking stock from Retrophin Inc, a bio-tech firm he started, to pay off debts from another business, Bloomberg reports. Basically he’s allegedly been stealing money from investors.
The Wall Street wanker was thrown off the Retrophin board in 2014 and sued by its members. However after his defunct hedge fund, MSMB Capital, lost millions, Shkreli allegedly made ‘secret payoffs’ to the company.
Shkreli became the most despised man on the internet after he bought the rights to Daraprim, a drug used to treat those whose immune systems have been weakened by illnesses like HIV. The greedy cunt then increased the price from $13.50 to $750, an increase of 5,000 per cent.
Securities fraud is a serious crime in the US and carries a maximum fine of $5 million and potentially a five year jail sentence. We hope they throw the book at him.