As we reported previously, Martin Shkreli is the 32-year old executive notorious for topping up the price of an HIV-related drug by 5,000%.
The hedge fund manager-turned-pharmaceutical company, CEO was arrested abruptly from his Manhattan home before dawn and in a dramatic turn of events. Shkreli is being charged with securities fraud and securities fraud conspiracy, which if proven wrong calls for a maximum sentence of up to 20 years in prison. In the recent past, there has been an outcry of the raising price of a life-saving prescription drug by the pharmaceutical entrepreneur whereby the authorities have referred to his actions as shameless.
According to Reuters, someone hacked Shkreli’s Twitter account on Sunday. This happened hours after Shkreli used Twitter to plead his innocence.
He was tweeting messages like: “Anyone want free money? Willing to donate hundreds of thousands to charities before I go to prison …”
Shkreli’s spokesman confirmed the hacking, and said that they are working with Twitter to get it fixed.
However, it is still not clear who hacked Shkreli’s Twitter account.
According to Brooklyn U.S. Attorney Robert Capers the entrepreneur had been running the Companies on a Ponzi scheme whereby he ended up using the assets of Retrophin to pay off debts all to conceal the fraud. Alongside 42 year old Evan Greebel, who was Retrophin’s outside counsel, Shkreli is also on charges of deceitfully inducing investors to invest in two separate funds while at the same time embezzling the assets of publicly merchandized Retrophile.