Pharmaceutical CEO Martin Shkreli arrested on securities fraud charges

December 17, 2015 1:55 PM

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The outspoken pharmaceutical CEO made famous for dramatically increasing a drug used by AIDS patients was arrested early Thursday on securities fraud allegedly connected to a separate firm he started in 2011.

Bloomberg News reported that Martin Shkreli, 32, was arrested in his New York City home. Prosecutors reportedly allege that he illegally took stock from Retrophin Inc. and used it to pay off other, unrelated dealings.

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