Martin Shkreli Arrested on Fraud Charges

December 17, 2015 1:28 PM

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Martin Shkreli Arrested on Fraud Charges

Martin Shkreli, a pharmaceutical entrepreneur and former hedge fund manager who has been widely criticized for drug price gouging, was arrested Thursday morning by the federal authorities.

The investigation, in which Mr. Shkreli has been charged with securities fraud, is related to his time as a hedge fund manager and running the biopharmaceutical company Retrophin — not the price-gouging controversy that has swirled around him.

Also read: Feds: Inmate posted video online using contraband phone

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