‘Most Hated’ ex-drug company CEO Martin Shkreli subpoenaed to appear before Congress

Posted at 8:06 PM, Jan 20, 2016
and last updated 2016-01-20 20:07:42-05

NEW YORK — Martin Shkreli has a date with Congress.

On Wednesday, he tweeted that he had been subpoenaed to appear before a House oversight committee.

The former pharmaceutical CEO, who made headlines when his company raised the price of a drug used by AIDS patients by 5,000%, tweeted a photo of the subpoena.

The House Committee on Oversight and Reform has asked Shkreli to testify on January 26 at a hearing on “developments in the prescription drug market.”

Before tweeting about the hearing, Shkreli posted that the House was “busy whining” to journalists about him appearing before them for a “chit chat.” He pondered whether he should attend.

Shkreli directed the tweet at Rep. Elijah Cummings, a Democrat who is the ranking member of the House committee that subpoenaed him.

“I have been trying for the better part of a year to get information from Martin Shkreli about his outrageous price increases and he has obstructed our investigation at every turn,” Cummings said in a statement on Wednesday. “He claims publicly that he wants to explain to Congress how drug pricing works. On Tuesday, he will get his chance.”

Shkreli is also in the midst of a federal criminal case for alleged securities fraud. He recently filed to replace his attorneys and asked for a two-week delay to prepare for the trial with his new representation.

Shkreli was arrested in December but secured bail with a $45 million E*Trade account.

He was the subject of intense public outrage after the drug-price hike but seems to have rebounded by taking to YouTube to livestream his life.

He’s definitely keeping his calendar full while awaiting trial. He also had a busy 2015 — he was forced to resign from Turing Pharmaceuticals after the drug hike scandal and he was fired from a second company: KaloBios. That company was eventually forced to file for bankruptcy.

Calls to Shkreli and one of his attorneys were not immediately returned.