Shkreli is the pharma CEO who famously raised the price of an AIDS drug over 5,000 percent and bought an one issue Wu-Tang record that no one else will hear if he doesn’t want them to.
Securities arrests don’t happen by accident, and they don’t happen just because someone has committed securities fraud. There is so much securities fraud that practically anyone involved the markets beyond the retail investor level could be charged with something. Many investigations are ongoing at any given time, and only a few can (or will) be prosecuted–and prosecuting someone as rich as Shkreli is always a political decision.
This is a message:
Rook the proles as much as you want, but don’t scream it to the world. We have a good thing going here, sonny, and we don’t tolerate people who might wreck it.
Despite his cartoon-villain behaviour, Shkreli is far from the worst CEO in America.
Billionaires may do as they please. There is only one rule: “Don’t destroy the game.”
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