Martin Shkreli Takes The Fifth

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Martin Shkreli Takes The Fifth

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[Martin Shkreli Takes The Fifth]

[Committee:] Source: LYBIO.net
Thank you. Mr. Shkreli you did not provide the committee any testimony, do you wish to make an opening statement?

[Martin Shkreli:]
On the advice of counsel I will not be giving an opening statement.

[Jason Chaffetz (Chairman):]
Do uh… I want to ask you a few questions. What – what do you – What do you say to that single, pregnant woman who might have AIDS, no income. And she needs Daraprim in order to survive? What do you say to her when she has to make that choice, what do you say to her?

[Martin Shkreli:]
On the advice of counsel I invoke my Fifth Amendment privilege against self-incrimination and respectfully decline to answer your question.

[Jason Chaffetz (Chairman):]
You were quoted as saying on FOX5 in New York, you were quoted as saying: ‘if you raise prices and you don’t take that cash and put it back into research, I think it’s despicable. I think you should not be in the drug business. We take all of our cash, all of our extra profit and spend it on research for these patients for other patients who have terrible life threatening – life ending diseases.’ Did you say that?

[Martin Shkreli:] Source: LYBIO.net
On the advice of counsel I invoke my Fifth Amendment privilege against self-incrimination and respectfully decline to answer your question.

[Jason Chaffetz (Chairman):]
Do you think you’ve done anything wrong?

[Martin Shkreli:]
On the advice of counsel, (pauses) I invoke my Fifth Amendment privilege against self-incrimination and respectfully decline to answer your question.”

[Jason Chaffetz (Chairman):]
I’d like to yeild the time to Congressman Gowdy of South Carolina.

[Harold Watson “Trey” Gowdy III:]
Thank you Mr. Chairman. Is [it] pronounced Shkreli?

[Martin Shkreli:]
Yes, sir.

[Trey Gowdy:]
So there you can answer some questions that one didn’t incriminate you. I just want to make sure you understand you are welcome to answer questions and not all of your answers are going to subject you to incrimination. You understand that, don’t you?

[Martin Shkreli:]
I intend to follow the advice of my counsel not yours.

[Trey Gowdy:]
I just wanna make sure you’re getting the right advice. You – you – you do know that not ever disclosure can be subject to the Fifth Amendment assertion – only those that you reasonable believe could be used in a criminal prosecution or could lead to other evidence.

[Martin Shkreli:]
I intend to – I intend to use the advice of my counsel not yours.

[Trey Gowdy:] Source: LYBIO.net
Do you also understand that you can waive you Fifth Amendment right? You gave an interview to a television station in New York where, uh… if I understood you correctly, you couldn’t wait to come educate the members of Congress on drug pricing. And this would be a great opportunity to do it. So do you understand you can waive your Fifth Amendment right.

[Martin Shkreli:]
On the advice of counsel I invoke my Fifth Amendment privilege against self-incrimination and respectfully decline to answer your question.

[Trey Gowdy:]
Well, Mr. Chairman, I’m vexed. He’s been willing to answer at least one question this morning. That one didn’t subject him to incrimination. Um… I don’t think he’s under indictment for the subject matter of this hearing so the Fifth Amendment actually doesn’t apply to answers that are not reasonably calculated to subject you to incrimination. And even if it did apply, he’s welcome to waive it. I listened to his interview. Um… and he didn’t have to be prodded to talk during that interview. And he doesn’t have to be prodded to tweet a whole lot or to show us his life on that little webcam he’s got. So, this is a great opportunity if you want educate the members of Congress about drug pricing or what you call the fictitious case against you or we can even talk about the purchase of a – is it Wu-Tang Clan? Is that the name of the album? The name of the group?

[Martin Shkreli:]
On the advice of counsel I invoke my Fifth Amendment right against self-incrimination and respectfully decline to answer your question.

[Trey Gowdy:]
Mr. Chairman, I am – I am stunned that a conversation about an album he purchased could possibly subject him to incrimination.

[Jason Chaffetz (Chairman):]
The gentleman, the gentleman is correct. I understand that Mr. Shkreli is under indictment but it is not the intention to ask him questions about that topic.

[Trey Gowdy:]
So if I understand it correctly he – we’re not going to ask him questions that are going to be in the subject matter of his current pending criminal charges um… and if we were to get close to one or in the grey area he’s welcome to assert his Fifth Amendement privilege there and if we stay away from the subject matter of his indictment he is – some could argue he has a legal obligation to answer under Kastigar v. United States, but certainly has the right to so as he did in the television interview and as he does quite frequently on social media.

[Jason Chaffetz (Chairman):]
Correct.

[Martin Shkreli (Attorney):]
Mr. Chairman, Mr. Chairman may I be recognized for a moment?

[Jason Chaffetz (Chairman):]
No. No, you will not – you are not allowed – under the House rules you have not been sworn in.

[Martin Shkreli (Attorney):]
I understand he’s making illegal arguments on my client, he’s not a lawyer.

[Jason Chaffetz (Chairman):]
No, Mister – you are not recognized. You are not recognized and you will be seated. Um… the gentlemen from South Carolina is correct that we’re trying to provide an opportunity to have a candid discussion about issues related to drug pricing um… we now recognize Mr, Cummings for any questions he might have.

[Elijah Cummings (Chairman):]
Thank you very much. Chairman let me say for the record that I completely support your decision to bring Mr. Shkreli to make sure that he is that he asserted his Fifth Amendment right before this committee. Normally, Democrats when our committee have accepted the assertions of a witnesses attorney that his or her client is going to take the Fifth – but in the case Mr. Shkreli made a number of public comments himself raising legitimate questions about his intentions. Honestly I did not know whether he was even going to show up today. So it’s nice to see you. But now that he has evoked his Constitutional Rights, of course I respect his decision. To Mr. Shkreli since I have you in front of me after trying to get you in front of this committee for so long, let me say this: I want to ask you to – no I want to plead with you to use any remaining influence you have over your former company to press them to lower the price of these drugs.

[Martin Shkreli:] Source: LYBIO.net
(Looks away.)

[Elijah Cummings (Chairman):]
You can look away if you’d like, but I wish you could see the faces of people, now matter what Mrs. Retzlaff (TURING) says who cannot get the drugs that they need. And by the way it’s the taxpayer, somebody is paying for these drugs, somebody is paying, it’s the taxpayers that end up paying for some of them. And so… those are our constituents. People’s lives are at stake because of the price increases you imposed and the access, the access problems that have been created. You are in an unique position – you really are, sir. Rightly or wrongly, you’ve been viewed as the so-called ‘bad boy’ of pharma. You have a spotlight and you have a platform. You can 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 could make a big difference in so many people’s lives. I know you’re smiling but I’m very serious sir. The way I see it, you can go down in history as the poster boy for greedy drug company executives, or you can change the system – ya – you. You have detailed knowledge of drug companies and the system we have today and I truly believe – I truly believe – are you listening?

[Martin Shkreli:]
Yes.

[Elijah Cummings (Chairman):]
Thank you. I truly believe you could become a force of tremendous good, of course you can ignore this if you like, but all I ask if you “reflect on it” – no, I don’t ask Mr. Shkreli, I beg that you “reflect on it” there are so many people that could use your help, may God bless you. Thank you. I yield back.

[Jason Chaffetz (Chairman):]
Mr. Cummings yeilds back. Mr. Shkreli it is, it is your intention to decline all answers to the questions and evoke your Fifth Amendment right.

[Martin Shkreli:]
Yes.

[Jason Chaffetz (Chairman):] Source: L Y B I O . N E T
Given that the witness has indicated that he is not intend to answer any questions and out of respect for his Constitutional rights I ask now that the Committee excuse the witness from the table without objections so order. We’ll pause for a moment while Mr. Shkreli is escorted out.

Martin Shkreli Takes The Fifth

Martin Shkreli Takes The Fifth

Martin Shkreli Takes The Fifth. You’ve been viewed as the so-called ‘bad boy’ of pharma. Complete Full Transcript, Dialogue, Remarks, Saying, Quotes, Words And Text.

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