Pharma Bro Fired From Second Firm, Twitter Account Hacked

The hacker also changed Shkreli’s username to Martin The God, and posted an offensive bio.

Martin Shkreli was sacked as chief executive officer of KaloBios Pharmaceuticals Inc. following his arrest last week on charges of securities fraud.

KaloBios, which was planning to shut shop, named Shkreli as its CEO on November 20, after Shkreli and a consortium of investors bought about 70 percent of the company’s shares. “I think it doesn’t tell my side of the story at all”, Shkreli told the Wall Street Journal, wearing “the same gray, hooded sweatshirt that he had on when he was photographed after the arrest Thursday”.

“We wish to thank Martin for helping us build Turing Pharmaceuticals into the dynamic research focused company it is today, and wish him the best in his future endeavors”, said Tilles in a statement announcing the decision. At the same time, a few people resigned from the company’s board of directors and were replaced by three new people.

To make matters more LOL-worthy, the sad boys’ Twitter account was hacked over the weekend.

Unfortunately for him, the federal government clearly took note of his astonishingly assholish ways and chose to take a closer look at his financial dealings, only to discover that there were enough grounds to take him in and charge him with securities fraud.

Shkreli was already widely reviled because a different drug company he founded, Turing Pharmaceuticals, raised the price of a life-saving drug from United States dollars 13.50 to USD 750 per pill. “The allegations against me are baseless and without merit”.

“Shkreli essentially ran his companies like Ponzi schemes, where he used each subsequent company to pay off defrauded investors from the previous company”, said Capers, adding that the scheme cost investors more than $11m.

The price of KaloBios shares dropped dramatically shortly after his arrest – and trading has been halted ever since, according to Bloomberg Business.

Shkreli was arrested on fraud charges on Thursday and released on bail.

Shkreli tweeted: “I am confident I will prevail”. That price hike, which Shkreli engineered as the then-C.E.O. of Turing Pharmaceuticals, was the first act to launch the 32-year-old into social-media infamy (though not his last).