Martin ShKreli, he man who made the whole internet furious, has finally being nailed by the authorities on the charges of securities fraud. Sorry to say, but it’s not because he disgracefully increased the price of vital drugs.
The FBI took him under arrest as part of a federal investigation linked to the hedge fund he had committed and a drug company that was run by him. He’s allegedly been charged with illicitly taking stock from Retrophin Inc, a bio-tech firm he founded, to settle his debts from another business, as reported by Bloomberg. Basically, his activities of stealing money from investors surfaced out before everyone.
The wanker from Wall Street was discarded from the Retrophin board in 2014 and filed a case against by its members. But after his defunct hedge fund, MSMB Capital, went onto lose millions, Shkreli supposedly made ‘under the table payoffs’ to the company.
Shkreli became the most disgusted man on the internet after he got his hands to Daraprim, a drug used to cure those whose immune systems have suffered due to illnesses such as HIV. The heartless cunt then surged the price from $13.50 to a whopping $750, an increase of a jaw-dropping 5,000 percent.
Securities fraud is a serious offence in the US and carries a maximum fine of $5 million and most likely a prison term of five years. We sincerely wish they throw the rule book at him.
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