In September 2015, Martin Shkreli made headlines for raising the price of a lifesaving drug. Three months later, the FBI arrested Shkreli. So why is he facing fraud charges?
One simple graphic that explains why the FBI arrested Martin Shkreli
“Martin Shkreli is best known, and hated, for being the CEO of a pharmaceutical company that increased the price of a lifesaving drug from $13.50 to $750.”
Hedge funder Martin Shkreli has been arrested in a securities-fraud investigation
“Martin Shkreli was arrested by the FBI on charges of securities fraud on Thursday morning.”
Vilified for drug pricing, CEO Shkreli busted for securities fraud
“Martin Shkreli, the boyish pharmaceutical entrepreneur who caused a public uproar after he drastically raised the price of a life-saving prescription drug, was arrested on Thursday for engaging in what U.S. prosecutors said was a Ponzi-like scheme at his former hedge fund and a pharmaceutical company he previously headed.”
Subscribe to TestTube News!
TestTube News is committed to answering the smart, inquisitive questions we have about life, society, politics and anything else happening in the news. It’s a place where curiosity rules and together we’ll get a clearer understanding of this crazy world we live in.
Watch more TestTube: http://testtube.com/testtubenews
TestTube now has a newsletter! Get a weekly round-up of our most popular videos across all the shows we make here at TestTube. For more info and to sign-up, click here. http://testtube.com/fwd
TestTube on Twitter https://twitter.com/TestTube
Trace Dominguez on Twitter https://twitter.com/TraceDominguez
TestTube on Facebook https://facebook.com/testtubenetwork
TestTube on Google+ http://gplus.to/TestTube
Download the New TestTube iOS app! http://testu.be/1ndmmMq