Congress Tweet 'Unfortunate,' Lawyer Says as Shkreli Goes Online

  • Shkreli posts tweet, insults Congress online after hearing
  • `You cannot troll the greatest troll who ever lived'

Watch Martin Shkreli Take the Fifth and Laugh at Congress

Martin Shkreli’s lawyer Benjamin Brafman said that a tweet his client posted after a congressional hearing Thursday calling legislators “imbeciles” was “unfortunate.”

Shkreli posted the tweet Thursday, after a U.S. House Committee on Oversight and Government Reform hearing where lawmakers attempted to get him to answer questions about a decision by his former company to dramatically raise the price of a life-saving anti-infective, Daraprim. Shkreli, who is facing unrelated federal charges, repeatedly invoked his Fifth Amendment right not to incriminate himself in between eye rolls and grins.

When Shkreli left the hearing, “the frustration exploded,” Brafman said in an interview on CNBC, and Shkreli tweeted, “Hard to accept that these imbeciles represent the people in our government.”

“It was a regrettable choice of words,” Brafman said. Brafman said Wednesday that Shkreli would no longer give media interviews, but that hasn’t stopped the former drug executive from taking to Twitter and other channels to make his feelings known.

Shkreli has maintained his innocence regarding the federal securities fraud charges against him, which are related to several hedge funds and a separate drug company he used to run, Retrophin Inc. After Retrophin, Shkreli founded Turing Pharmaceuticals AG, which under his leadership increased the price of Daraprim more than 50-fold to $750 a pill. Shkreli left Turing after the federal charges were unveiled.

‘Very Smart’

“Martin Shkreli is a very interesting person,” Brafman said. “He’s very smart, he’s self-schooled, he’s intensely bright. I think he understood that today was not about learning the facts about Daraprim. The only purpose of forcing him to show up is to do what they did and he resented it.”

Shkreli later held a public chat online, as he often does daily. “Congress is welcome to chat with me about drug prices, right now. No sworn oath here,” he said in a tweet linking to the chat.

‘Greatest Troll’

He voiced his frustration that lawmakers wouldn’t let Nancy Retzlaff, Turing’s chief commercial officer, answer questions, and said that that the congressional hearing “is just about an advertisement for them.”

“It’s pathetic that they need me for publicity,” he said. “The last thing they’d want is for me to testify because it would be embarrassing to them.”

He was still chatting online by early evening, talking about his desire to develop drugs that could save lives, bantering with people, and responding to online critics.

QuickTake Drug Prices

“You cannot troll the greatest troll who ever lived,” he said.

Brafman called Shkreli a “scientist” in media interviews Thursday. Shkreli worked in hedge funds before starting two drug companies. Still, Brafman said his client will be known as a “giant among the pharmaceutical geniuses” and that he’s working on “secretive” and “blockbuster” ideas that will “revolutionize” rare disease treatment.

Brafman said he also believes Shkreli has done nothing wrong except failing to understand the public relations implications of raising the price of a drug so high so quickly.

“I would have told the people of Turing, ‘You want to do a price increase, do it gradually,’" Brafman said.