Reuters reports that 32-Year-Old drug company CEO Martin Shkreli has been arrested for alleged securities fraud involving ponzi schemes.
You may recall him on the news for raising the price of a life-saving drug from $13.50 a pill to $750.
He also bought the only copy of a Wu-Tang Clan album that nobody in the world has never heard, and reportedly won’t let anyone listen to it.
3 Lessons From This Story
- Maybe giving a kid your millions of dollars is bad idea. Sure, this may seem obvious, but the complaints allege this kid had been “managing” millions of dollars of other people’s money since his 20s. 20-somethings should only be given small amounts of money from parents, who want them to temporarily leave their homes so the parents can have sex to forget their kid works as a barista.
- Running around the media would acting like a total jerk who raises the price of medicine for babies probably will not lead to a low profile, which you may want if you plan a life of under-the-radar-never-discovered alleged crime. Thank goodness criminals are usually stupid!
- Is annoying fans of rap artists who like martial arts ever a good idea? Perhaps if you are going to wind up in solitary confinement in a white collar prison it doesn’t matter.
Categories: Mildly Bad News