Exec Who Jacked Up Price of a Life-Saving Drug is Arrested - NBC Right Now/KNDO/KNDU Tri-Cities, Yakima, WA |

Exec Who Jacked Up Price of a Life-Saving Drug is Arrested

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Martin Shkreli originally made headlines & vilified across the country for buying a pharmaceutical company and jacking up the price of a life-saving drug more than fiftyfold. He's now been arrested on securities fraud charges unrelated to the furor. Martin Shkreli originally made headlines & vilified across the country for buying a pharmaceutical company and jacking up the price of a life-saving drug more than fiftyfold. He's now been arrested on securities fraud charges unrelated to the furor.

NEW YORK (AP) - Martin Shkreli, the former hedge fund manager vilified in nearly every corner of America for buying a pharmaceutical company and jacking up the price of a life-saving drug more than fiftyfold, was arrested Thursday on securities fraud charges unrelated to the furor.
    
The boyish-looking 32-year-old entrepreneur - an unapologetically aggressive businessman and relentlessly self-promoting figure who has called himself "the world's most eligible bachelor" on Twitter and recently plunged into the hip-hop world by buying an unreleased album by the Wu-Tang Clan - was taken into custody in a gray hoodie and awaited an appearance in federal court in Brooklyn.
    
Online, many people took instant glee in his arrest, some of them joking about a judge ratcheting up his sentence or lawyers jacking up their hourly fees 5,000 percent for defending him in his hour of need.

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