Advertising

Turing Pharmaceuticals CEO/horrible douchebro Martin Shkreli was arrested early Thursday morning for securities fraud at his apartment in Manhattan. The charges are related to alleged illegal sales of stock shares at his previous biotech firm, Retrophin Inc.

Shkreli was CEO of Retrophin, until he was ousted by its board. He's also currently being sued by the company. The securities fraud charges against him are related to this matter, and allege that he used stock sales to illegally pay off unrelated debts.

Sources: Bloomberg | Newsweek