Hated And Greedy Drug Company CEO Martin Shkreli Arrested


Drug company entrepreneur, Martin Shkreli, who rocketed to infamy by inflating the price of a life-saving pill from .50 to 0 dollars, was arrested by federal agents at his Manhattan home on securities fraud related to a firm he founded. He ignited a firestorm over drug prices in September and became a symbol of defiant greed. However, the federal case against him has nothing to do with pharmaceutical costs. Prosecutors in Brooklyn charged him with illegally taking stock from Retrophin, a biotechnology firm he started in 2011, and using it to pay off debts from unrelated business dealings.

http://www.bloomberg.com/features/2015-martin-shkreli-securities-fraud/
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