Everyone's hated and infamous douchebag pharma CEO Martin Shkreli, who purchased Wu-Tang Clan's secret album for $2 million earlier this month, has reportedly been arrested for fraud.
According to Bloomberg, the pharma bro has been charged with illegally taking stock from his biotechnology firm Retrophin Inc. and spending it for his own unrelated gain.
Shkreli, a former friend of the music industry, who had also been a part-owner of Collect Records (Geoff Rickly of Thursday's label), caught a massive wave of public criticism when he increased the price of a necessary HIV drug by 5,500 percent after its patent had expired. The price of the drug, Daraprim, was increased from $13.50 per pill to $750 each.
Shkreli, who is CEO of Turing Pharmaceuticals, has participated in multiple interviews to defend his decision, but nobody has seemed to agree with him. Unfortunately, however, the drug still remains at an increased price but will be offered to hospitals at a 50 percent discount. Nonetheless, people are still not very pleased.
As a buyer of music memorabilia, he recently purchased Wu-Tang Clan's one-of-a-kind album Once Upon a Time in Shaolin and the rap collective's RZA has since stated that he is no pleased of the news of who the purchaser is and the deal was made prior to price gauging.
If that wasn't enough, the CEO also claimed that he planned to bail out rapper Bobby Shmurda, who will now remain in jail, since Shkreli will have to bail himself out (if his funds aren't seized).
Shkreli has yet to comment on the accusation, but one thing's for sure, and that is that he's definitely this year's biggest Scrooge.
