Turing Pharma CEO Martin Shkreli defrauded investors with ‘a web of lies,’ prosecutor says

Drug company executive was vilified for dramatically boosting drug prices

By CBC News

Pharmaceutical entrepreneur Martin Shkreli, vilified for buying up drug companies and then dramatically boosting the prices of some medications, has been charged by the FBI with securities fraud related to his former hedge fund and a drug company he once ran.

Shkreli, 32, currently the CEO of Turing Pharmaceuticals, was taken into custody at his New York City home Thursday.

Read more » CBC
See more » http://www.cbc.ca/news/business/martin-shkreli-arrest-fbi-1.3369271

 

Advertisements

By using this service you agree not to post material that is obscene, harassing, defamatory, or otherwise objectionable. Although IAOJ does not monitor comments posted to this site (and has no obligation to), it reserves the right to delete, edit, or move any material that it deems to be in violation of this rule.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s