Pharma Bro, Martin Shkreli, Arrested For Securities Fraud [Pic]
Submitted by: skypirate⚫ 2 years ago in
Bloomberg is reporting that Martin Shkreli, the guy who bought the rights to an anti-HIV medication only to raise the price from $13.50 to $750, was arrested by federal agents early Thursday morning at his midtown Manhattan apartment for securities fraud. You knew they were going to dig into his past until they found something.
This current securities fraud charge is linked to a biotech firm he started in 2011 called Retrophin Inc. Bloomberg's report goes on to say the 32-year-old (who this past weekend is the owner of the only copy of the Wu-Tang Clan's latest album "Once Upon a Time in Shaolin") is accused of illegally using stock and cash from Retrophin, Inc. to pay off debts from “unrelated business dealings.”