Pharma CEO Martin Shkreli Resigns After Being Charged with Fraud

Ex-pharmaceutical company CEO Martin Shkreli said Saturday the fraud allegations against him are “baseless and without merit”.

Neither Shkreli nor his representatives have commented on the breach as of yet, although most of his accounts appear to be locked down (or their hacker got bored, which seems unlikely.) This suggests that damage control is still underway, and we’ll probably be hearing more about this hack soon.

As of Sunday afternoon, the most recent tweet for Shkreli said, “I am now a god”.

Stevens said he was checking whether Shkreli’s YouTube live stream, which he had been broadcasting from a day after leaving jail, had also been hacked.

One of the tweets said: “Anyone want free money? Willing to donate hundreds of thousands to charities before I go to prison…” one post read.

The federal authorities alleged that he committed securities fraud and operated his companies like a Ponzi scheme for a period of five years, when he was still working as CEO of Retrophin and hedge fund manager of MSMB Capital and MSMB Healthcare.

He entered not guilty pleas on the charges, which carry a sentence of up to 20 years in prison, and was released on $5 million bail.

The 32-year-old former executive drew criticism when he bought exclusive rights to a life-saving drug, and bumped the price from $13.50 to $750 per pill. Lamar Alexander (R-TN), Chair of the Committee on Health, Education, Labor and Pensions; Rep. Fred Upton (R-MI), Chair of the Committee on Energy and Commerce; and Rep. Jason Chaffetz (R-UT), Chair of the Committee on Oversight and Government Reform, seeking an investigation into the unconscionable action of Turing Pharmaceuticals.