Martin Shkreli, the drug company executive who shot to fame for arbitrarily increasing the cost of lifesaving drugs, was arrested for securities fraud today.
You can read the full indictment here:
A lot of the anxiety over the rising cost of drugs in the US was channeled through the CEO of Turing Pharmaceuticals, earning him the nickname "the most hated man in America." But it also didn't help that he's acted like an ass in public, frequently tweeting unapologetic statements about his decisions to hike drug prices and braggadocio about his dating exploits.
It was ultimately what US prosecutors described as a "Ponzi-like scheme": he used money from a new company he created to pay off debts from his older companies.
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