Shkreli, CEO Reviled for Drug Price Gouging, Arrested on Securities Fraud Charges

A boyish drug company entrepreneur, who rocketed to infamy by jacking up the price of a life-saving pill from $13.50 to $750, was arrested by federal agents at his Manhattan home early Thursday morning on securities fraud related to a firm he founded.

Martin Shkreli, 32, ignited a firestorm over drug prices in September and became a symbol of defiant greed. The federal case against him has nothing to do with pharmaceutical costs, however. Prosecutors in Brooklyn charged him with illegally taking stock from Retrophin Inc., a biotechnology firm he started in 2011, and using it to pay off debts from unrelated business dealings. He was later ousted from the company, where he’d been chief executive officer, and sued by its board.

  • What a scum bag.

    • Solo712

      They should send him to the moderate terrorists to Suria to fight Assad.

    • Katyn

      He’s just a man of his times.

  • ontario john

    I hear he wants to run for the Ontario LIberals.

    • David Murrell

      He is a look alike to Dalton McGuinty.

  • Liberal Progressive

    This is a clear case of Albaniaphboia!

    Stop the hate and release him.

  • Drunk_by_Noon

    It could not have happened to a nicer guy.

  • UCSPanther

    Greed and pride are two of the Seven Deadly Sins.