Social media has changed the way we communicate permanently. I have often written and spoken about the use of social media in a compliance program as an effective way to communicate up and down the chain. Of course the use of social media is limited only by the imagination of the person employing this tool, so what about using social media if you are individually charged with a FCPA violation.
I thought about all of this around the rise and fall and continued media cycles surrounding former pharmaceutical executive Martin Shkreli. Shkreli was well known prior to his recent arrest on federal securities fraud charges for his communications via social media. He regularly tweeted, posted, and streamed videos through YouTube and other social media tools. Perhaps not too surprisingly, Shkreli has continued this path after his arrest.
