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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. ....
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If you want to save fifteen percent or more on car insurance, you switch to geico. it s what you do. the ceo publicly vilified for raising the price of an aids drug by over 500% is free on bail. yesterday, marty scraley was arrested on securities fraud charges. more now from nbc s stephanie gosk. he was back at his manhattan ....
Raised the aids drug from $13 up to $750 overnight for just one pill. spaing o i sparking outrage across the country. before he took over his current company, he was running a hedge fund at a different pharmaceutical company. and they say during that time, 2013, 2014, he was taking money out of the pharmaceutical company to pay off losers, people who have lost money in his hedge fund. so sort of like a ponzi scheme, shuffling the money around, moving money around to pay people off with money they weren t entitled to get. those are the allegations. he has been the subject of a lawsuit from his former company as a result of that. he has long denied any wrongdoing, saying, you know, i did nothing wrong in this case, but that s what this is about, that he took money out of one company to pay off others in his hedge fund, and that s the allegations. but again, he was called a spoiled brat. he was called the most-hated man ....