Martin Shkreli, CEO Who Raised Price of Life-Saving Drug 5,500 Percent, Calls Reps ‘Imbeciles’ After Congressional Hearing
Shkreli, who is being charged criminally on securities and wire fraud charges, repeatedly invoked his fifth amendment right against self-incrimination as lawmakers castigated him for his decision to raise the price of Daraprim 5,500 percent.
When Rep. Jason Chaffetz, R-Utah, charman of the committee, asked him what he would say to a single, pregnant woman who might have AIDS and needed Daraprim to survive, Shkreli, who appeared under subpoena said, “On the advice of counsel, I invoke my Fifth Amendment privilege against self-incrimination, and decline to answer that question.”
Rep. Elijah Cummings told Shkreli he is “in a unique position. Rightly or wrongly, you are viewed as the so-called “bad boy” of pharma. You have a spotlight, and you have a platform. You could use that attention to come clean, to right your wrongs, and to become one of the most effective patient advocates in the country, and one that can make big a difference in so many peoples’ lives.”
Shkreli appeared to be smiling and smirking at different points in the proceedings, including during Cummings’s remarks.
Cummings added, “I know you’re smiling, but I’m very serious, sir.”
After the hearing, Shkreli he tweeted: “Hard to accept that these imbeciles represent the people in our government.”