Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Price Gouging CEO Martin Shkreli Arrested
Posted
December 18, 2015
Views
193,835
Likes
3,538
Comments
824
Engagement
2.25%
December 18, 2015
193,835
3,538
824
2.25%
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4:00Now PlayingMartin Shkreli has been arrested for securities fraud, he is looking at serious jail time. Turns out price gouging wasn't his only unethical business practice. Cenk Uygur and Ana Kasparian discuss Shkreli's alleged crimes. Tell us what you think in the comment section below.
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"Martin Shkreli, a boastful pharmaceutical executive who came under withering criticism for price gouging vital drugs, denied securities fraud charges on Thursday following an early morning arrest, and was freed on a $5 million bond.
While the 32-year-old has earned a rare level of infamy for his brazenness in business and his personal life, what he was charged with had nothing to do with skyrocketing drug prices. He is accused of repeatedly losing money for investors and lying to them about it, illegally taking assets from one of his companies to pay off debtors in another.
“Shkreli essentially ran his company like a Ponzi scheme where he used each subsequent company to pay off defrauded investors from the prior company,” Brooklyn U.S. Attorney Robert Capers said at a press conference."
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The Largest Online News Show in the World. Hosted by Cenk Uygur and Ana Kasparian. LIVE STREAMING weekdays 6-8pm ET.
Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. Young person who rebels against authority or societal expectations. (American Heritage Dictionary)
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