Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Entrepreneur who jacked up price of a lifesaving drug is arrested on securities fraud charges

 


NEW YORK — A boyish-looking entrepreneur who became the new face of corporate greed when he jacked up the price of a lifesaving drug fiftyfold was led away in handcuffs by the FBI on unrelated fraud charges Thursday in a scene that left more than a few Americans positively gleeful.

Martin Shkreli, a 32-year-old former hedge fund manager and relentless self-promoter who has called himself "the world's most eligible bachelor" on Twitter, was arrested in a gray hoodie and taken into federal court in Brooklyn, where he pleaded not guilty. He was released on $5 million bail.

http://www.startribune.com/turing-ceo-martin-shkreli-in-custody-after-securities-probe/362779891/

 

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