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 Victimization of innocent capitalist continues: 'Pharma bro' Martin Shkreli

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Victimization of innocent capitalist continues: 'Pharma bro' Martin Shkreli Vide
PostSubject: Victimization of innocent capitalist continues: 'Pharma bro' Martin Shkreli   Victimization of innocent capitalist continues: 'Pharma bro' Martin Shkreli Icon_minitimeThu Jan 21, 2016 10:50 pm
Former Turing Pharmaceuticals CEO Martin Shkreli, reviled for hiking the price of a life-saving drug, would decline to answer questions if forced to appear before Congress, according to correspondence with lawmakers.

The House Committee on Oversight and Government Reform has subpoenaed Shkreli to appear at a hearing on exorbitant drug pricing next Tuesday. But the 32-year-old's lawyer informed the committee that his client plans to remain silent, invoking his Fifth Amendment right, according to a letter from committee chairman Jason Chaffetz, R-Utah.

Shkreli became the public face of pharmaceutical-industry greed last fall, after hiking the price of a 60-year-old drug for a rare infection by 5,000 percent.

Last month, the former hedge-fund manager was indicted on securities fraud charges stemming from an earlier, unrelated drug company. He has pleaded not guilty and was released on $5 million bail. He subsequently resigned as Turing CEO.

http://www.chicagotribune.com/business/ct-shkreli-congress-subpoena-20160121-story.html
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