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Martin Shkreli [was] an American entrepreneur and financial and pharmaceutical executive. He is co-founder of the hedge fund MSMB Capital Management, co-founder and former chief executive officer (CEO) of the biotechnology firm Retrophin LLC and founder and CEO of Turing Pharmaceuticals AG. – Wikipedia
Shkreli rose to infamy earlier this year when Turing jacked up the cost of a life-saving AIDS pill by more than 5,000% after the company acquired the rights to it. – New York Daily News
Schkreli is also known for purchasing the lone copy of Wu Tang Clan’s latest album at $2 Million. He live streams himself for several hours every few days or so, which you can see on Youtube. There, you can see glimpse of the album, which is listens to from time to time and uses as a coaster.
Schkreli was arrested on using the assets of his hedge fund like his own piggybank. This is how Americans view Wall Street Bankers, and he is giving it to them. Mother Jones Magazine reported that “Most Hated Man in America” Martin Shkreli Was Just Arrested for Alleged Securities Fraud. The Daily Mail reported that ‘World’s most hated man’ Martin Shkreli arrested charges of securities fraud and running a Ponzi scheme to pay off debts from an old company.
Marcus Maltempo is a compliance professional with more than a decade of experience helping banks, law firms and clients manage investigations and regulatory responses. He is a member of ACAMS and ACFE.