The Traderszone Network

Published in TZ Latest News 17 December, 2015 by The TZ Newswire Staff

Turing CEO Martin Shkreli arrested for securities fraud

Martin Shkreli, who caused public outrage after raising the price of a prescription drug by more than 5,000 percent, was arrested on Thursday for engaging in what U.S. prosecutors said was a Ponzi-like scheme at his former hedge fund and a pharmaceutical company he previously headed. Reuters witnessed Shkreli’s predawn arrest at the Murray Hill Tower Apartments in midtown Manhattan. Many on social media said Shkreli was getting what he deserved.