Big Pharma CEO Known for Drug Price Gouging Arrested on Securities Fraud Charges
Federal agents have arrested 32-year old pharmaceutical company CEO, Martin Shkreli, who successfully jacked up the price of a single Big Pharma pill from $13.50 to $750. But it seems this gouging of Turing Pharmaceuticals’ anti-infective drug, Daraprim, by 5000% was not Shkreli’s only crime. He now faces charges on securities fraud linked to a firm he founded.