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Will give Shkreli his money back: Charity

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Reuters
Last Updated : Dec 19 2015 | 9:40 PM IST
Amid public outrage and ridicule over drastically hiking the price of a life-saving drug earlier this year, pharmaceutical entrepreneur Martin Shkreli tweeted that he gave "millions" to charity.

Now with heightened focus on Shkreli because of criminal securities fraud charges and questions about his finances, one of those charities said it is returning the money.

Community Solutions, which helps communities better serve the homeless, said it will give back the entire $15,000 it received from Shkreli. A spokesman for the New York-based charity, Jake Maguire, said the donor's business practices were incompatible with its anti-poverty mission.

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"We serve people who depend on access to AIDS meds every day, and as an organisation I don't think we can keep this money," Maguire said.

In January, Shkreli launched a charitable foundation that is run by his sister. The Shkreli Foundation website says it is "dedicated to helping people facing a variety of adversities." It lists several donations.

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First Published: Dec 19 2015 | 9:17 PM IST

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