Boyish-looking ex-fund manager becomes poster boy of corporate greed when he jacked up the price of a lifesaving drug fifty-fold; arrested by FBI
New York: A boyish-looking entrepreneur who became the new face of corporate greed when he jacked up the price of a lifesaving drug fiftyfold was led away in handcuffs by the FBI on unrelated fraud charges Thursday in a scene that left more than a few Americans positively gleeful.
Martin Shkreli, a 32-year-old former hedge fund manager and relentless self-promoter who has called himself "the world's most eligible bachelor" on Twitter, was arrested in a gray hoodie and taken into federal court in Brooklyn, where he pleaded not guilty. He was released on $5 million bail.
If convicted, he could get up to 20 years in prison. He left court without speaking to reporters. His attorneys had no immediate comment.
Hours later, Shkreli tweeted: "Glad to be home. Thanks for the support."