I'll be that the pharmaceutical companies (the ones that only jack prices up 200%) said "This guy's bad news for us publicity-wise", found the dirt on him, and fed it to whatever law enforcement agency that arrested him.
His ponzi scheme was successful. At the time of his arrest, he had returned more money to his investors than he received. This has got to be literally the first time that has ever happened.
@3 It is 15% for a Federal Bail Bond, $750k plus a bail bond company would like 100 percent to 150 percent of collateral for a high profile federal case with a good chance of a flight risk..
@11 That is a no. Martin Shkreli basically robbed Peter to pay Paul. He didn't make money, actually he made big trades and threw everything down, only to see he shorted when the stock option rose, like the obesity drug company in La Jolla. He did many things to distort the reality that he was kind of incompetent.
He was doing more of a three card monte, besides trying to backdate orders to hide his losses..
@7-10: My guess is it was a case of "wow, this guy's a douche, let's take a closer look at the allegations made by the company that fired him a few years ago". But who made that call? I dunno.
Loathesome as he is, Shkreli is simply responding to market incentives provided by scumbags in Congress who serve their Big Pharma campaign contributors by passing legislation to prop up generic drug prices to the max.
http://boingboing.net/2015/12/17/how-did…
The perp walk photo is delicious.
(Like, for real, I just know Obama read about this guy and said "Jimmy, put this guy UNDER the jail.")
Then he tried to cheat the markets themselves. That's when they cared, and called the feds in to do their bidding.
Then he cheated the pharmaceutical market in order to cover his financial market cheats.
Then he boasted.
Then he got busted.
Flaw in his plan, he boasted.
Good plan except for the boasting part.
He was doing more of a three card monte, besides trying to backdate orders to hide his losses..
https://theintercept.com/2015/11/05/chaf…