‘Pharma Bro’ Martin Shkreli arrested for securities fraud

December 17, 2015 4:26 PM

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‘Pharma Bro’ Martin Shkreli arrested for securities fraud

Martin Shkreli, the 32-year-old former hedge fund manager notorious for jacking up the price of an obscure but critical drug, was arrested Thursday on securities fraud charges.

The charges are unrelated to Shkreli’s leadership of Turing Pharmaceuticals, which bought a drug, Daraprim, for $55 million this summer then increased the price of the 62-year-old drug by more than 4,000 percent.

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