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Controversial CEO Martin Shkreli Arrested On Fraud Charges — Get The Scoop!

| Filed under: Icky Icky PooLegal MattersBusted!Business BlitzControversy

ceo busted for fraud

Karma sucks, doesn't it??

On Thursday, it was reported that Martin Shkreli, the pharmaceutical company CEO who previously faced backlash for jacking up prices for an HIV drug, has been arrested by the FBI. Yikes!

It's said that the business mogul was arrested in his NYC home for fraud related charges in regards to a firm he founded. However, this recent arrest has nothing to do with his controversial decision to hike up drug costs back in September.

Related: Kris Jenner Runs Into Trademark Trouble

Apparently, Martin is accused of taking stocks from his old company Retrophin Inc. to pay off debts from previous business dealings. Well that's not good!

Perhaps the Turing Pharmaceuticals CEO needs help paying off the big check he cut for that Wu-Tang Clan album? WE KID.

In fact, the controversial businessman was ousted from the same company he allegedly stole from. Ouch!

It'll certainly be inneresting see what happens when more details of the case come to light. Stay tuned!

[Image via Martin Shkreli/Twitter.]

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