Delusional Pharma Bro Martin Shkreli Claims Feds Went After Him For Drug Price Hike

He said his arrest was "a real injustice."

21/12/2015 10:16 PM AEDT | Updated 21/12/2015 11:06 PM AEDT
Former Turing Pharmaceuticals CEO Martin Shkreli was arrested on Thursday for securities fraud, not for raising drug prices.

Embattled former pharma CEO Martin Shkreli didn't win any fans when he raised the price of a lifesaving drug by 5000 percent. But when he was arrested last week, it was for securities fraud, not for his unabashed disregard for human decency. 

Shkreli, who resigned from Turing Pharmaceuticals on Friday, isn't convinced, telling the Wall Street Journal that he believes the feds targeted him because of the drug price hike.

"‘Trying to find anything we could to stop him,’ was the attitude of the government,” he said on Sunday. "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.” 

He told the Journal that he believes his arrest was "a real injustice."

Back in reality, Shkreli faces allegations that he ran what feds described as a Ponzi scheme.

According to authorities, Shkreli's two hedge funds borrowed millions from investors and, when the investments actually suffered losses, he paid them back using money earned at another pharmaceutical company he ran. Authorities say Shkreli also lied to investors about how profitable the funds were. 

Shkreli was charged on Thursday with securities fraud, securities fraud conspiracy and wire fraud conspiracy. He denies any wrongdoing.

Earlier on HuffPost:

More On This Topic