CEO Who Jacked Up Price For AIDS Pill From $13.50 to $750 Arrested

rockin'robin

rockin'robin

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Turing Pharmaceutical chief executive officer Martin Shkreli has been arrested by the FBI following an investigation involving his former hedge fund and another pharmaceutical company he recently headed.

Shkreli, 32, was seen being taken into custody by the FBI at his Murray Hill Tower Apartments in New York City earlier this morning, Reuters reported. His former counsel, Evan Greebal, was also arrested, FBI spokeswoman Kelly Langmesser confirmed.

Shkreli made headlines in September when he jacked up the price of a drug called Daraprim from $13.50 a pill to $750 overnight, CNNMoney reported. The pill is used to treat AIDS patients.

The controversy launched an investigation by the New York State attorney general for antitrust concerns.



A separate investigation of Shkreli’s time as manager of hedge fund MSMB Capital Management and CEO of biopharmaceutical company Retrophin Inc was also in the works.

According to sources close to the investigation, Shkreli is accused of using Retrophin assets to pay off debts after MSMB lost millions of dollars.

Retrophin, which was founded in 2012, sued Shkreli in August for $65 million, alleging that Shkreli used his control over the company to enrich himself and pay debts he owed to MSMB, which closed that same year. He was fired from Retrophin in September 2014.

Shkreli was also accused of defrauded MSMB. He denies the allegations.

Brooklyn U.S. Attorney Robert Capers will hold a press conference with the Federal Bureau of Investigation and U.S. Securities Exchange Commission to formally announce the charges at noon.

http://www.opposingviews.com/i/society/ceo-who-jacked-price-aids-pill-1350-750-arrested?fb=pv
 
He basically signs people death certificate when he up the price to
$750 per pill ! There is no way in hell people can afford that! Disgusting
SOB!
 
whatdidyousay! said:
He basically signs people death certificate when he up the price to
$750 per pill ! There is no way in hell people can afford that! Disgusting
SOB!
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I thought that price was reverted or at least dropped in cost...
 
If I was CEO, I would do the same thing. I know insurance do have $$$$$$.
 
authentic said:
If I was CEO, I would do the same thing. I know insurance do have $$$$$$.
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Sure Insurance have $$$$ but the truth is the attorney is getting the most share of health care profits. Its how I am seeing it right now.
 
I hope they throw away the key....now they have to find Ethan Couch of "Affluenza" fame and lock his sorry a** away for twenty years....God willing...

Laura
 
Jiro said:
huh? how so?
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Dont forget im still in legal mess and saw it too well.

I am not going to write a thick book about this, I believe we need single payer system to get rid of stupid attorney that knows NOTHING about health, just legal shyt. I have seen attorney from an insurance company against another insurance companies too numerous times, often over policies where they attempt to get away from liable to cover. Its common than you would think. I never thought of this until 5 years ago to now, its incredible and legal cost has racked up and EVERYONE pay for it. If there is only single payer system, I won't have to deal with this BS as single payer, they don't need attorney to fight with, and allows anyone recover faster than waiting for legal approval that could take months or years. I believe that if it were not for stupid attorney, I will still have job and perhaps in better shape than right now.

Few members here knew it too well too.

Ask yourself, why several medical bills were often paid separately even with single visit? This is precisely why insurance companies use them to play around with attorney and their strategies to make poor people PAY more instead, if not then hire attorney to fight in hope to get away with. I am pretty sure many of you may get letter asking questions after your hospital visit, have you wondering why? This is to allow insurance companies decide whether to fight against you or not. Don't forget, legal cost is as expensive as medical cost, hence double whammy that leads annual insurance premium increases.
 
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diehardbiker said:
Dont forget im still in legal mess and saw it too well.

I am not going to write a thick book about this, I believe we need single payer system to get rid of stupid attorney that knows NOTHING about health, just legal shyt. I have seen attorney from an insurance company against another insurance companies too numerous times, often over policies where they attempt to get away from liable to cover. Its common than you would think. I never thought of this until 5 years ago to now, its incredible and legal cost has racked up and EVERYONE pay for it. If there is only single payer system, I won't have to deal with this BS as single payer, they don't need attorney to fight with, and allows anyone recover faster than waiting for legal approval that could take months or years. I believe that if it were not for stupid attorney, I will still have job and perhaps in better shape than right now.

Few members here knew it too well too.

Ask yourself, why several medical bills were often paid separately even with single visit? This is precisely why insurance companies use them to play around with attorney and their strategies to make poor people PAY more instead, if not then hire attorney to fight in hope to get away with. I am pretty sure many of you may get letter asking questions after your hospital visit, have you wondering why? This is to allow insurance companies decide whether to fight against you or not. Don't forget, legal cost is as expensive as medical cost, hence double whammy that leads annual insurance premium increases.
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I'm still not understanding it. your post is full of vague confusing stuff and some wild conspiracy theories. you know what an attorney is for, right? to sue someone on a plaintiff's behalf as well as to defend a defendant.

so how exactly does an attorney gets some healthcare profit? an attorney gets paid when a client hires one. that's all.
 
Jiro said:
I'm still not understanding it. your post is full of vague confusing stuff and some wild conspiracy theories. you know what an attorney is for, right? to sue someone on a plaintiff's behalf as well as to defend a defendant.

so how exactly does an attorney gets some healthcare profit? an attorney gets paid when a client hires one. that's all.
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Jiro sounds like maybe its time for you to have a 50% sale on your special glasses, lol...
 
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