Turing Pharmaceuticals CEO Shkreli arrested by FBI: Reuters

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94. EXACTLY what he is. Here's a history: He started Turing after Retrophin's BoD fired him;

and he also had started Retrophin!!! So after getting fired, he immediately started Turing to do the exact same thing as Retrophin; aquire low priced legacy drugs and raise their prices so as to inflate the bottom line. When he got the bad press for the price increase, (remember, he did the exact same thing at Retrophin, to a lesser degree) he then jumps over and announces he's taking a huge interest in Kabios, which had just announced they were about to liquidate because they were in such bad shape. So he was going to start the SAME thing over again.
THAT stock then goes from >2 bucks to over 40 OVERNIGHT, which squashed all the short sellers (which Shkreli is notorious for). So instantly his share value was up 8000% in ONE DAY. This is a company losing EIGHT dollars a share. So this is what he does; one scam to another. But enough people see him getting away with it that they follow his every move trying to make a hit for themselves.
After his arrest was announced, KBIO dropped over 50% and has been halted. I hope it goes back to near zero where it belongs.
Prior to all this, he was known for finding small companies with low volume, selling the stock short, then releasing a news brief where he would make up bad shit about the company. Which of course would spook shareholders into selling their shares, dropping the price. He covers the shirt & makes a ton of money and moves on. MEanwhile, the company is left scrambling to PROVE that what he says wasnt true. By the time they do, the damage is done. NAVB is a great example. It still hasnt recovered from his short attack.

And thats a SHORT history; he's also run his own hedge fund, MSMB, into the ground and been sued by several people from that. Retrophin has sued him currently for 65 million.
He is a college dropout, has no backround in anything biotech related. He will tell you he's "self-taught". He needs to be beaten with a lead pipe.