Turing Pharma CEO Martin Shkreli arrested - Reuters witness

[raccoon]

This discussion thread was locked as off-topic by TexasTowelie (a host of the Latest Breaking News forum).

Source: Reuters

Pharmaceutical entrepreneur Martin Shkreli was arrested by the FBI on Thursday, amid a federal investigation related to his former hedge fund and a drug company he previously headed.

The previously disclosed investigation of Shkreli, 32, who is now chief executive of Turing Pharmaceuticals, stemmed from his time as manager of hedge fund MSMB Capital Management and chief executive of biopharmaceutical company Retrophin Inc .

His arrest, witnessed by Reuters, comes amid a continuing separate controversy that has turned Shkreli into a lightning rod for growing outrage over the soaring prices of prescription drugs.


Read more: http://uk.reuters.com/article/usa-crime-shkreli-idUKL3N14649D20151217

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Oh, this makes my day!

[Protalker]

1. Pretty Poster Boy for Corporate Greed

This Job Creator is what our party needs to refer to every time. Please God get a picture of him in handcuffs

[forest444]

12. And let's not kid ourselves: he probably launders drug money.

That would explain his corporate buying spree over such a short period of time, and is probably why he was arrested.

Albania, btw, has become a major hub for drug money laundering since the fall of the Iron Curtain. Nickles and dimes compared to, say, London or Singapore; but still a very significant problem.

[Protalker]

13. He bought a 2 mil album

Drugs sex and rock and roll. All too familiar

[forest444]

14. Textbook sociopath.

Rubbing it in everyone's faces is certainly part of the fun for him.

[mahatmakanejeeves]

4. Prison rape is sooooooooooooooooo funny.

Please give this some thought.

[Gidney N Cloyd]

8. I read that as him getting the ever living shit beat out of him.

But maybe that was wishful thinking.

[mahatmakanejeeves]

9. Not with "that ball-gag in his mouth." NT

[NurseJackie]

10. That would be a generous "read" of what that poster meant ...

... but the poster's mentioning a "ball-gag" is a sexual BDSM reference that gives it all away.

[Myrina]

3. I hope the bailiff and prosecutors all go on holiday early ...

.... and whoever has the key to his cell, loses it for a month or so.

Turd.

[Ed Suspicious]

17. I hate the guy, but honestly I hate this attitude even worse.

I think this attitude leads to the abuses by cops and pridon guards. This is the opposite of justice.

[Gidney N Cloyd]

5. What will it take to wipe the smirk off Backpfeifengesicht Boy's face?

[lonestarnot]

6. Rich.

[LastLiberal in PalmSprings]

15. Karma.

[BumRushDaShow]

7. Dupe

http://www.democraticunderground.com/10141290408

Been going on all morning!

[Overseas]

11. K&R. More details in NYT story

http://www.nytimes.com/2015/12/18/business/shkreli-fraud-charges.html

The federal charges are believed to parallel a civil lawsuit filed against Mr. Shkreli in August by Retrophin, whose board ousted Mr. Shkreli as chief executive in September 2014. In its lawsuit, Retrophin accused Mr. Shkreli of having used the company as a kind of personal piggy bank to help pay off upset investors who lost money at the hedge fund MSMB. Among the ways he did this, the lawsuit says, was by hiring some of these investors as sham consultants to Retrophin.

[rladdi]

16. There are many executives on Wall Street and Big Banks that never have seen

prison yet from the 2007/2008 financial schemes that made them tens of billions and destroyed the USA economy.

[KansDem]

18. Set his bail at 5,500 percent higher than it should be.

Maybe higher?

[beac]

20. +5500 to this idea! n/t

[GoneFishin]

19. Good. nt

[TexasTowelie]

21. Locking thread.

Post the latest news from reputable mainstream news websites and blogs. Important news of national interest only. No analysis or opinion pieces. No duplicates. News stories must have been published within the last 12 hours. Use the published title of the story as the title of the discussion thread.

See duplicate thread at http://www.democraticunderground.com/10141290408 .