Ex-pharma CEO Martin Shkreli calls charges ‘baseless’

“It was hacked”, Craig Stevens, a spokesman for the former chief executive of Turing Pharmaceuticals, said in an email of Shkreli’s Twitter account.

Cramer was quick to distance himself soon after the arrest was made public on his show. He pleaded not guilty to charges of securities fraud and conspiracy, which carry a sentence of up to 20 years in prison if he’s convicted.

Martin Shkreli, the pharmaceutical executive arrested Thursday on charges of securities fraud, has resigned as the head of one of the companies he runs, Turing Pharmaceuticals.

“His plots were only by efforts to hide the fraud, which led him to operate his companies…as a Ponzi scheme”, said a statement from the US Justice Department. However, the latest set of charges he faces are unrelated and just might stick.

Drug prices rose about 13 percent previous year, driven in part by large increases in the price tags of older generic drugs such as Daraprim. Bernie Sanders has spoken on it as well as Hillary Clinton.

“We have been working with Twitter to get it fixed”, he said.

The shareholder said he later notified the U.S. Attorney’s Office in Brooklyn and the SEC in 2012 of his belief that Shkreli had lied in a securities filing connected to his ownership of SeraCare’s shares.

In the case of Martin Shkreli, the controversy was around Daraprim, which is given to AIDS patients.

N.B. The price hike is not the reason for the arrest.

Martin Shkreli leaves the courthouse after his arraignment in NY on Thursday, Dec. 17, 2015. “I had a lot going on”.

Saturday, he tweeted “I am confident I will prevail”. Shkreli founded the company early in 2011 and was sued by Retrophin and fired last fall after his alleged misappropriations were revealed.

On Friday, after returning home from jail, Shkreli started a live stream on YouTube in which he could be seen playing an online chess game while answering comments from viewers.