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.
“‘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.”
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: