Martin Shkreli Says Drug-Price Hikes Led to Arrest

23 Dec 2015 | Author: | No comments yet »

Evil pharma boss Martin Shkreli’s Twitter account has been hacked.

In his first interview since he was charged Thursday for allegedly misleading investors in his hedge funds and raiding a public company to cover the losses, Mr.

Hackers infiltrated the Twitter and YouTube accounts of pharma price-hike creep Martin Shkreli on Sunday — prompting the accused Ponzi schemer to lash out at his cyber-nemeses as “10 years old.” “I don’t know [who did it] . . . Based on what the individual wrote on my Twitter, it sounds like they are 10 years old,” the 32-year-old alleged crook, who was busted on wire- and securities-fraud charges last week, told The Post.

Moffitt has suspended the clinical trial, which was to have been funded by KaloBios, indefinitely “pending the outcome of the investigation of KaloBios’ CEO,” the center’s spokeswoman Patricia Kim said Saturday in an email. After being arrested for securities fraud a few days ago, Shkreli says his Twitter account, as well as email and mobile phone accounts have been hacked. On Thursday last week, Shkreli faced charges of securities fraud, securities fraud conspiracy and wire fraud conspiracy in relation to a previous hedge fund endeavor. The cyber sneaks broke into Shkreli’s Twitter and posted a string of expletive-riddled messages that mocked the disgraced businessman and well-known egomaniac. Another tweet from the past few hours references the Wu-Tang Clan album Shkreli purchased for $2 million (it’s the only copy made available to the public).

In the first rogue video, a man who identified himself as British hacker Steven Dawson repeated a post that infiltrators wrote on Shkreli’s Twitter page. As the CEO of pharma company Turing, Shkreli angered the world by raising the price of Daraprim — a drug that’s meant to treat AIDS — from $13.50 to $750.

Shkreli believes it is related to the recent drug price increases. “ ‘Trying to find anything we could to stop him,’ was the attitude of the government,” Mr. Shkreli said, flanked by his lawyers in a midtown Manhattan conference room Sunday afternoon. “Beating the person up and then trying to find the merits to make up for it—I would have hoped the government wouldn’t take that kind of approach.” The Brooklyn U.S. He’s been charged with illegally taking stock from biotech firm Retrophin RTRX -4.30% , which Shkreli founded nearly five years ago, to pay off unrelated business debts. According to a tweet pinned to the top of his Twitter feed, the ex-CEO maintains that the allegations against him are “baseless and without merit”: Clinical trials for the leukemia treatment were being conducted at various institutions.

It is uncertain whether trials at five other clinics—the Mayo Clinic, Cleveland Clinic, University of Miami’s Sylvester Cancer Center, Weill Cornell Medical College, and Northwester University’s Lurie Comprehensive Cancer Center—will be halted as well. The company’s stock was trading at less than $1 before he made the move, and it subsequently rose to as high as $39.50, giving the company a market value of more than $100 million (Dh367 million). When word spread of the then-CEO’s arrest last week, the internet was predictably interested and invested in the well-being of the album, beyond the collective moment of schadenfreude after Martin Shkreli was arrested.

That sat above a retweet he had posted of a Vanity Fair profile from a day earlier, and a link to a Dec. 17 statement that also said Shkreli expected to be “fully vindicated.” Several other institutions were scheduled to participate in the trial. The 32-year-old, who tussled with presidential candidates and boasted of his romantic prowess on social media, now says that behavior has been “a bit of an act.” “What do you do when you have the attention of millions of people? He said he was arrested “because of a social experiment and teasing people over the Internet,” adding, “that seems like a real injustice.” As recently as this summer, Mr. Then the company bought the rights to Daraprim, a half-century-old drug that treats a parasitic infection that can be deadly, and raised the price more than 50-fold. Shkreli defended the decision by saying it would help him develop new drugs, a stance that made him the focal point of a national uproar over drug prices.

On Sunday, he says his social media, email and cellular telephone accounts were hacked; among the less profane posts hackers made in his name was the proclamation, “I am now a god.” In the interview Sunday afternoon, he wore the same gray, hooded sweatshirt that he had on when he was photographed after the arrest Thursday.

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