Martin Shkreli Arrested on Securities Fraud Charges

On December 17, 2015, Martin Shkreli was arrested following a federal indictment by the Federal Bureau of Investigation for securities fraud after an investigation into his tenure at MSMB Capital Management and Retrophin.

He has been accused of running a Ponzi scheme. Per the Department of Justice press release: “As alleged, Martin Shkreli engaged in multiple schemes to ensnare investors through a web of lies and deceit.”

Bloomberg’s Keri Geiger reports on “Bloomberg ‹GO›.”

Source: Bloomberg