martin shkreli, aka pharma bro, the young drug company entrepreneur and former hedge fund manager who eagerly jacked up the price of a life-saving aids drug 5,000%, a move that earned him widespread condemnation with even donald trump saying shkreli ought to be ashamed of himself. that guy was arrested at his manhattan apartment this morning on charges of securities fraud. so in a few short months the 32-year-old brooklyn native has gone from this to this. the charges stem not from the price gouging controversy but from shkreli s time as a hedge fund manager. according to bloomberg, prosecutors in brooklyn charged him with illegally taking stop from a biotechnology firm he started in 2011 and using it to pay off debts from unrelated business dealings. kind of a ponzi scheme. federal officials summed up the charges as a security fraud
martin shkreli, aka pharma bro, the young drug company entrepreneur and former hedge fund manager who eagerly jacked up the price of a life-saving aids drug 5,000%, a move that earned him widespread condemnation with even donald trump saying shkreli ought to be ashamed of himself. that guy was arrested at his manhattan apartment this morning on charges of securities fraud. so in a few short months the 32-year-old brooklyn native has gone from this to this. the charges stem not from the price gouging controversy but from shkreli s time as a hedge fund manager. according to bloomberg, prosecutors in brooklyn charged him with illegally taking stop from a biotechnology firm he started in 2011 and using it to pay off debts from unrelated business dealings. kind of a ponzi scheme.
the charges stem not from the price gouging controversy but from shkreli s time as a hedge fund manager. according to bloomberg, prosecutors in brooklyn charged him with illegally taking stop from a biotechnology firm he started in 2011 and using it to pay off debts from unrelated business dealings. kind of a ponzi scheme. federal officials summed up the charges as a security fraud trifecta of lies, deceit, and greed. greed is a word that has become synonymous with shkreli s public persona. in a recent interview shkreli suggested he hadn t gone far enough in raising the price of the life-saving aids medication daraprim. if you could rewind the clock a few months i wonder if you would do anything differently. raise the price higher. is probably what i would have done. why? i think health care prices are inelastic. i could have raised it higher and made more profits for shareholders. shkreli recently made news as the guy who paid $2 million for