Internet Rejoices as Pharma Bro is Arrested on Fraud Charges

Posted by Alec Cope | Dec 17, 2015 |

Internet Rejoices as Pharma Bro is Arrested on Fraud Charges

(AP Photo/Craig Ruttle)

Pharma Bro is back in the news again, and this time it isn’t due to raising the price of an HIV medicine up by 5,000% – he’s been arrested for fraud and security charges.

Martin Shkreli, the pharmaceutical ‘entrepreneur’ was apprehended in his Manhattan apartment December 17th by Brooklyn authorities based upon security fraud.

Shkreli rose to infamy after using an acquired Turing Pharmaceuticals to raise the price of the HIV drug Daraprim, up from $13.50 to $750.

Retrophin, a company originally founded by Pharma Bro, was essentially being used as his own private piggy-bank, using the companies assets and stock to by siphoned into his own bank account. He was actually ousted out of Retrophin before the arrest as well.

New York lawyer Evan Greebel, was also arrested this morning for conspiring with Shkreli to defraud his old companies.

If convicted he will be barred from running any company.

Also, Wu-tang Clan’s one-of-a-kind album was also sold to Shkreli for $2 million dollars. Which makes me wonder – were there any songs about security fraud on there?

The internet didn’t waste time to respond to the news of his arrest:

With much more to follow.

About The Author

Alec Cope

After years of research and a series of unpleasant experiences concerning the current child protection services system, Alec Cope decided to combat the cancerous corruption through information. Freelance writing articles as a form of protest and distributing them throughout his former high-school and local area, Alec struck special chords with whomever he was in contact with. Alec has been involved in activism such as sit down protests as well as Idle No More gatherings. Being independent for the majority of his time, Alec became a member of the WeAreChange family to assist one of the organizations that inspired him to become active in the first place. With a larger platform and positive support Alec has committed the majority of his time to research, writing, and maintaining social media with the goal to continue expanding the awakening sweeping throughout all levels of society. Growing up within a rural area in Northern Michigan as well as being a native American descendant, Alec is seeking to expose environmental abuse in his state as well as globally. A high-school dropout, Alec chases his passion for writing and empowering individuals while showing any isolated person that they too can overcome the odds with a community that will support them. Alec lives in the lower peninsula of Michigan near Kalamazoo. https://www.facebook.com/alec.cope.75 alecope8@gmail.com https://www.twitter.com/AlecCope http://www.pinterest.com/aleccope75/

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