FORMER DRUG CEO MARTIN SHKRELI SKIPS CONGRESS’ CALL TO TESTIFY
If Congressional leaders thought they would get answers from former pharmaceutical CEO Martin Shkreli regarding his purchase of a number of drugs and then dramatically increasing the price, they were disappointed. Mr. Shkreli evoked his U. S. Constitutional Fifth Amendment Right against self incrimination on all questions presented to him by the congressional forum. With close ties to Laidlaw & Company and other investment bankers, Mr. Shkreli almost could not contain his disdain for the congressional forum seeking answers in his actions to increase the price of a drug fifty times over overnight.
Shkreli, was the CEO of Turing Pharmaceuticals, before he was indicted on United States securities charges for fraud, this past December. As Shkreli continued to press his right against testifying, various members of the Congressional “House Committee on Oversight and Government Reform” expressed their anger toward him. One member threaten to find Shkreli in contempt but decided to take no action. This did not keep Shkreli from expressing his contempt for the Congressional hearing by tweeting the the members of the Congressional panel were “imbeciles.”MARTIN SHKRELI REFUSES TO TESTIFY
The members of the panel have not indicated whether they would take any further action. Legal experts doubt that further hearings will be called while Shkreli is under indictment. If found guilty of the federal charge levied against him, Shkreli could face up to ten years in federal prison. Shkreli has not been scheduled a new court date yet.