martin shkreli did not samed faced at the scrutiny surrounding him. he's been spending time live streaming activities and bragged about paying $2 million for a rare album. taunting critics saying: earlier this month he supped up his answers to critics this way - try to be a c.e.o. yourself, see how it goes. try to maximise products and not get kicked out of a kch. and let me -- company, and let me know how it goes for you. >> he's a character. bond set at $5 million. he posted it. >> he'll be back in court in january. his travel is restrected. he can't contact anyone from the former companies linked to the charge. the question is what happens going forward. he's the c.e.o. - what happens in that time. >> the reason we have been following him is the price hike, and then the decades old drug that he hiked the prices on. what is happening in that investigation. >> that is under investigation by the new york thorning to congressional probes looking into it. we should point out while there was so much focus, he had been under security nip. the charges go b

martin shkreli denies the charges. kristen saloomey has a look at the case against him >>> martin shkreli seen here in a hooded top is led away in handcuffs by fbi agents. arrested along with his lawyer over a multi million fraud scheme. martin shkreli is accused of lying in relation to his hedge funds. and misappropriating $11 million from another country to pay back the disgruntled investors. united states attorney for the eastern area of new york unveiled the indictment. >> these highlight the brazenness of the schemes. and the web of lies weaved by both defendants. >> martin shkreli shot to notoriety when his cop acquired the right to an h.i.v. drug. he jacked up the price of one pill from 13.5 to 750, out of reach of many that needed it. >> at this price it is at the low end of what orphan drugs cost. >> all of this attention, and doctors and patients saying they can't access the drug. will you change the price? >> no. >> the move and defiance parking outrage. the innexus diseases writing an open alert. the u.s. p

martin shkreli more than a year ago. >> martin shkreli is more widely known as the posta boy for agreed after rising the price from $13.50 to $750 a pill this summer. daraprin is used to treat h.i.v. and cancer patients with weak immune systems to fight a parasitic infection. after public pressure martin shkreli backed down saying he'd lower the cost. this month at a forkhealth care summit. he talked about second thoughts. not the kind you may think. >> i probably would have raised the price higher. that's what i probably would have done. >> why? >> i think health care prices are inlastic. i could have made it higher and made more profits. again, no one wants to say it, no one is proud of it. this is a capitalist society and system. and i'm expected to back the profits, not to minimise them or go half or go to 100% of the profit curve that we are all taut in n.b.a. class. the company touring announced in november it would discount the price to some hospitals by up to 50%. doctors and advocates denounced the move saying the drug price was far too high. martin shkreli did not seem faced b

some simply say martin shkreli got what was coming to him. he was a symbol of corporate people in america, free on bond, of freedom may be short-lived, 20 years. as we mentioned he is best known for hiking the price of that drug 5,000% from $13.50 to $750 a pill often used to treat hiv patients and the liberal life-saving treatment at that. the decision to hike the price of the drug could have on the map, presidential candidates including donald trump and hillary clinton roundly ounce on him. the charges he faces have nothing to do with his decision to increase the price of the drug. they have to do with his time as a hedge fund manager, he is accused of defrauding people who invested in two of his funds and allegedly used money from a biopharmaceutical company founded to repay those defrauded investors lose u.s. attorney called it a ponzi scheme. >> martin shkreli ran his the pay of defrauded investors from the prior company. >> reporter: martin shkreli grew up in brooklyn, the son of albanian immigrants, he is brash and unapologetic and thi

up next hour, the farm a bad way martin shkreli is -- big pharma's batboy martin shkreli -- bad weight martin shkreli has been arrested on fraud charges. ♪ . . david: it's 2 p.m. in new york and 3:00 a.m. in hong kong. welcome to bloomberg markets. from bloomberg has headquarters in new york, good afternoon. here is what we are watching this hour -- so much for the fed rally -- u.s. stocks falling for the first time in three days as investors turned their attention to weakness and commodities. beenad boy of pharma has arrested. now charged with securities fraud. -- barbie will be lonely at as disney's princesses find a home at hasbro. we have a look at the $500 million battle in the ball business. first, let's had to the markets desk where julie hyman has the latest. we have this selloff going on today and it has abated to some extent. major averages up off the lows but still seeing a significant

we have some breaking news on martin shkreli to get to. meg tirrell joins us. >> we are here at the brooklyn courthouse where martin shkreli actually just left after being arraigned. we have some video here. it was quite a violent massive scrum, photographers and reporters trying to ask martin questions, how he was going to defend himself and respond to these charges, martin said nothing, kept his head down as he walked to his car. he was surrounded by some security. it did get violent at times, it was very intense scrum there, but martin giving no statement after getting a rind today. just to recap what has happened today, martin shkreli the ceo of turing pharmaceuticals was arrested this morning at his home by the fbi. civil and criminal charges are being brought against him by the department of justice and sec. seven criminal counts, potential maximum sentence of 20 years in prisonment, saying essentially he defrauded investors at his hedge fund, used his old biotech company retro if i know as his personal piggy bank paying back investo

>> reporter: one of the most reviled people in america, martin shkreli is free on bond, faces 20 years in prison. he has drawn the ire of everyone from patients in need of drugs whose prices the increase to presidential candidates disgusted with his greed. authorities say he started two hedge funds end lied to investors about how they were performing. event found a biopharmaceutical company, allegedly uses proceeds to repay the hedge fund investors he had previously defrauded. >> he ran his company like the ponzi scheme, each subsequent company did pay off investors from the prior company. price of a drug to treat infections from $13.50 a bill to $750 a coin. it has nothing to do with that price hike. to recap -- >> the brazenness and briefed of his schemes and the lies and deceit. >> martin shkreli pigman to million dollars for the only copy of a plan album and refuse to eat release it. u.s. tiexiera was asked where martin shkreli got the money to pay for that album. >> i can't comment on that. as i said this investigation centers on his conduct as his funds. office, it did not have t

martin shkreli was given the heave-ho. judge napolitano saying he could get off scot-free, our legal team weighs in next. plan. >> if the government went after him because they don't like what he did in the charges on this medication that is reprehensible and the indictment should be dismissed . jo ling: horror on the las vegas strip, one person dead and more than 30 injured after a car plowed into a crowd this morning. >> she was up, on the on sidewalk. two or three times. based on evidence, and information from our fatal investigators, this point we're treating this as an intentional act. jo ling: a 3-year-old was in the backseat of the car but not hurt. >> slow down, then accelerate into the people, i could notsees mayhem people down. >> she had both her hands on the wheel looking forward there were men running after her trying to stop the vehicle, they were yelling stop, stop. jo ling: scary stuff, descriefer identified lakeisha holloway, 24 years old, police believe she did this on purpose. >> hits keep oncoming for m

martin shkreli was arrested today in new york accused of securities fraud. late tonight he's denying the charges. mary snow has more. >> reporter: he's a ceo so des despised he's been labeled the most hated man in america, but martin shkreli's arrest has nothing to do with the controversy that thrust him into the spotlight. he used money from a biopharmaceutical firm as a personal piggy bank to pay off debt from his hedge fund. >> he used each subsequent company to pay off defrauded investors from the prior company. >> reporter: shkreli pleaded not guilty. the company he founded in 2011 sued shkreli in august seeking $65 million. it replaced him more than a year ago because of a what a company spokesperson described as serious concerns about his conduct. shkreli is more widely known as the poster boa boy for greed raising it to $750 a pill this summer. it's used to treat hiv and cancer patients with weak immune systems to fight toxoplasmosis. after public pressure he backed down saying he willed lower the cost. >> he talked about second thoughts. >> i would

shkreli defending himself against critics on abc news in september martin shkreli, ceo turing pharmaceuticals i think they have a fundamental sunderstanding of the way pharmaceutical companies operate we've agreed to lower the ice of daraprim to a point that is more affordable" a promise he later reneged on today, 32-year old martin shkreli -- under arrest in new york for securities fraud and conspiracy unrelated to that price hike controversy or his current drug company. the charges involve his alleged actions as a hedge fund manager and at another drug company - retrophin - where was ceo om 2012 - 2014. robert capers, u.s. attorney: "shkhkli essentially ran his companies like a p pzi scheme, where he used each subsequent company to pay off frauded investors from a prior company. accused of lying to investors after losing millions in bad trades...prosecutor s say shkreli used retrophin - a company he took shareholders. attorneys had no news, ny " tim: with a final check of our forecast. stay with us. mostly clear skies. tomorrow, expect mostly sunny skies and a high of 28. the 7-day forecast

shkreli mentioning the sole copy of the wu tang clan's secret album. >> martin shkreli reportedly spent $2 million for the only copy of the wu tang clan album. the record took six years to make, they only made the one and martin says he's not even going to play it. >> then he bought the only wu tang clan album and he says he's not even going to play it! >> trevor: that young dirty bastard! >> but wait... reaking news this morning, the drug company c.e.o. who raised the price of a life-saving pill by more than 5,000% has been arrested. faces charges of securities fraud... (cheers and applause) >> 'cause the wu tang clan ain't nothin' to (bleep) with! (cheers and applause) you're welcome, trevor! and "black lives matter"! >> trevor: roy wood junior, everybody! (cheers and applause) ae, 2015. one of my favoriter favorite sts when america freaked out over a clock boy, a muslim teenage boy in texas who came to school with a clock who some people thought could be a bomb. >> his engineering people told him to keep it out of sight. >> but the clock spooked the english teacher who told the princ

most people don't know the real martin shkreli. this is video of him doing what he does best after he was released from jail. playing the guitar. >> i think his lawyers tell him indictments don't usually tell your side of the story. i would say this, it looks like they put a lot of time in this investigation. i they they have it pretty well nailed down. >> four guys crashed down his door to handcuff him and take him in at dawn for something about lying to investors. up today * they ticked off three select media organizations. >> generally from the u.s. attorney's office, this is standard operating procedure on white collar crimes. we are going to show the public. they do this to satisfy the public's lust for blood following the financial crash. >> would martin shkreli have been indicted? >> are they using another one of their -- a lot of those guys who got off on insider trading charges. second circuit ruled it's hard to prove insider trading. they were hauled into court and arrested just like that. michael steinberg who was releas

attorney right now is talking more these charges against martin shkreli who you recall bought the rights to a drug that was cost $13 a pill and jacked it up to $750 per pill, saying that that was a fairer price and called -- prompted hillary clinton to call for stronger government oversight. well, now this morning, the fbi is charging him with securities fraud and essentially, u.s. attorney said moments ago that he ran companies like a ponzi scheme. a few years ago this is what occurred between 2009 and 2014, he mis -- allegedly misappropriated funds from another pharmaceutical company he ran at the time to cover up losses at a hedge fund that he he is not involved with those companies anymore. he now manages two other pharmaceutical companies, one of which is publicly traded, and it is down 53% in today's trade. so, not a happy day for those shareholders right now. that's the story we have on martin shkreli. >>> the other story i can tell you become the biggest gainer on wall street today is pandora internet radio. they are up about 14% right now after a u.s. copyright panel ruled that

earlier this year, martin shkreli raised the price of a drug called daraprim from 13 dollars and 50-cents per pill to seven-hundred-and-50 dollars a pill. the drug is used to treat a disease that affects people with weakened immune systems. his charges are actually unrelated to the drug price hike - and stem took stock to pay off other debts. defense secretary ash carter now says he used a personal email account to conduct government business during his first few months on the job. today, in an interview, he said it was a mistake and he took responsibility. carter said he used his i-phone to send messages but that none contained classified information. he also says those emails were backed up for record keeping purposes on the defense department's system. this news comes as federal officials continue their investigation into the personal email server of presidential candidate hillary clinton. now let's check in with justin roberts robertsto find out what our weekend is looking like in tonight, family and friends will gather to hold a candlelight vigil for moe sed. the waterloo teen had ha

today this office and the fbi are announcing the arrest this morning of martin shkreli and evan grabel and the unsealing of a seven-count indictment charging with securities fraud, conspiracy, securities fraud and wire fraud conspiracy. grabel with wire fraud conspiracy. the director will also announce the filing of a civil complaint against shkreli and grabel by the s.e.c. as part of their parallel proceeding. it's loo interrelated schemes. two involving two different hedge funds that he ran with a founded and he managed and the third involving incorporated a publicly traded company that shkreli found and at one point controlled as its chief executive officer. the defendant evan grabel, a new york city-based lawyer, an outside counsel is charged with one count of wire fraud consirs where i for his role in the scheme. as alleged in the indictment shkreli ran his companies like a ponzi scheme where he used each subsequent company to pay off defrauded investors from the prior company. if you look to the board to my right and to your left, shkreli started out with a hedge fund in 2009 cal

martin shkreli arrested today, taken into custody. scheme. and leonard hooton nothing but kind words for donald trump. he described donald trump as an outstanding man and unquestionably talented. what the motives are remain open to interpretation. and mccauley culkin reprising his role as kevin from home alone 25 years later as an adult by the famous break-in scene from the movie. steve: it is really brilliant. it will feature guest stars. does the monologue, it's really good. dari: it is kindly. steve: it is brilliant stuff. check it out. dari: the force finally awakens. steve: we will take you as fans get their first look at the new "star wars" movie. dari: be sure to check out the "fox 5 news" weather application that features hourly forecasts. track the storm's. dari: nannies of new york, there could be someone spying on you. steve: stacey delikat chose this that they are posting the >> when it comes to who is watching your child, parents know you can never be too careful. enter this nypd veteran and the founding partners of the permit or

pharma ceo, martin shkreli is home after posting bail. meg terrell joining us with the latest developments from outside his apartment. next. you're watching cnbc first in business worldwide. santa has a magic snow globe for every family. and this year, look at what he put in our driveway. the lexus december to remember sales event is here. lease the 2016 es350 for $349 a month for 36 months and we'll make your first month's payment. see your lexus dealer. i finally did it! ♪ ew, you did it all right. let sparkle paper towels clean it up. do the math - and you'll see sparkle costs less. plus it's perfect for cleaning spills... ...desktops... ...windows... ...and chalkboards. now that's what i call clean. too clean? sparkle. because it's a messy world out there. >> mr. khrkreli posting bail. meg terrell live outside that building. meg where are. >> hi, scott. the latest is that bloomberg and wall street journal are citing sources saying that shkreli is close to stepping down as a ceo of tu aring pharmaceutical. i'm also hearing there is t

drug company c-e-o, martin shkreli - is arrested on fraud charges. rick leventhal has more from new york. martin shkreli --- the man known for jacking up prices on the h-i-v drug "daraprim"...-- arrested and charged with security fraud. the 32-year-old pharmaceutical c- e-o is also known for recently buying an unreleased album from the hip hop group --- wu-tang clan. the feds came knocking on his door this morning... but the case is unrelated to the price increase of the drug. carpers says: "shkreli essentially ran his companies like a ponzi scheme, where he used each subsequent investors from the prior company." federal agents escorted the entrepreneur out of his midtown apartment building this morning. he was seen wearing a hoody... before he was taken to federal court in brooklyn. harpster says: "martin shkreli targeted investors and retained their business by making several misrepresentations and omissions about key facts of the funds he managed... the hedge fund though was essentially worthless." u.s. attorney robert capers says shkreli illegall

martin shkreli's latest move that might make you smile though. that's next. son, the holiday season's just like football season... you got your big games... ...cheese plates, turkey, appetizers. and regular games. get it all at a great price... ...and the holiday season is won. that's my boy! fill your cart with everything you need this season, all at one place. my giant. centrum brings us the biggest news... all at one place. in multivitamin history. a moment when something so familiar... becomes something so...new. introducing new centrum vitamints. a multivitamin that contains a full spectrum of essential nutrients... you enjoy like a mint. new centrum vitamints. the coolest way yet... to get your multivitamins. >>> and the security fraud stepped down from the job today. and martin shkreli, accusing him of losing investors money through bad trades and then raiding a former drug company to the tune of some $11 million to pay off those debts. some have called shkreli the most hated man in all of america for jack up the price of a life-saving drug by 5,000% a

. >>> and martin shkreli out on bail. >>> we start off with a stunning day on wall street. stocks giving back all their gains from yesterday and then some. the stocks that rallied the hardest on the fed, financials, transports, home builders, they completely reversed. the high-yield market got shellacked today. what does that tell us as we head into the final trading days of 2015? >> tuesday we had the fed play book. i thought we would have a big rally post the announcement. the market would reverse and close on the lows, which is what happened today. being that happened today doesn't make me early, makes me wrong. i thought gold had put in a nice bottom. tim took me to task yesterday. he was spot on. a lot of crazy things going on there the dollar strength surprises me. the transport weakness doesn't surprise me. the hyg weakness doesn't surprise me. you talk about the huge buying in that etf. now i think we are in the middle of the range. it's 2050 level. we do take 2020 and see what happens. 2020 on the down side is your support. 2105 on the up side. >> the dollar hit a

martin shkreli was arrested yesterday on fraud security charges. >> reporter: martin shkreli ran his company like a ponzi scheme where he used each company to pay off defrauded investors. >> he was publicly vilified after he raised the price for a drug for pregnant women aids and cancers patients from 13.50 to $700 a bill. >>> a person said he was doing a right thing by turning in a bag of $32,000. when they left the mother and daughter, they left behind the money in their booth, the savings from the family businesses. they had planned taking it to the bank. the server found the money and turned it into police. he didn't want to talk about his good deed. his managers are not sure he will take any money from the family. >> he said it was the right thing to do not because he wanted anything in return. >> reporter: they plan to thank the server and police for insuring that the misplaced money was returned. >> good karma comings out of that. >> police are investigating another stabbing in center city. we'll have the details at 5:00 a.m. a convenience store owner used his shoe to fight of

his names martin shkreli. he wants you 0 to know that everything you thought about him is simple police not true. he says it was all an act. his explanation in detail coming up. usaa makes me feel like i'm a car buying expert in no time at all. there was no stress. it was in and out. and it was just easy. usaa, they just really make sure that you're well taken care of. usaa car buying service. powered by truecar. save money, zero hassle. that's a good thing, eligible for medicare? but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, they pick up some of what medicare doesn't pay and could save you in out-of-pocket medical costs. call today to request a free decision guide to help you better understand what medicare is all about and which aarp medicare supplement plan works best for you. with these typ

elias: often referred to as the "most hated man in america"...martin shkreli has been arrested on federal securities fraud charges. he is the pharmaceutical c-e-o criticised for increasing the price of an aids drug by more than five- thousand percent. prosecutors accuse him of using cash from a previous company to settle investor claims from his now-defunct hedge funds. sabrina: number four... sabrina: the wait is finally over, "star wars the force awakens" has finally hit theaters. fans packed theaters last night to catch the first showings of the latest movie in the massive franchise. the series has become a major part of popular culture with star wars culture with star wars themed everything. today marks the first full day of showings, and some metro theaters have showtimes as early as nine a-m. elias: and finally in the local five caught up with the family of heather belieu, one of two victims in a recent metro double homicide. the two children that were inside of the home that day now live with heather's mother and grandmother. the family recently got help from a man they call their

martin shkreli used a company he had founded as a personal bank to pay back former hedge fund clients money he lost in bad trades. >> martin shkreli it's like a ponzi scheme he used each subsequent company to pay off defrauded investors from the prior company. he was publicly vilified after raising the price for medication for aids and cancer patients from 13.50 to 750 dorls a -- dollars a pill. >>> a california server said he was doing the right thing when he turned in a bag of $32,000. the server waited on a mother and daughter in fresno, california. when when they left they left behind the money in the booth, the cash is savings from the family business. they had plan to take it to the bank, but the server found the money and turned it into police. he didn't want to talk about his good deed. apple bee managers are not sure he'll take reward from the company or the family. >> i said the right thing to do, not because he wanted anything in return. >> they plan to thank the server and police for uniting them with their money. just a good deed. >> 5:47 affirm professional basketball pl

is that the arrest of martin shkreli? o is underce indictment, and it is about to lose its ability to trade on shares. martin was able to buy up a controlling interest. he has a vast amount of the capital that is in this company, and it is his on the and his ability to fund the company that makes it a possibility. with the federal government has said is that they will seize any ill-gotten gains that he has acquired. if you're looking at from the funds,hat kalobios has that is certainly a threat there, which they could seize. david: we have talked about this company in the abstract and have talked a lot about martin shkreli. : this is not a big company. he says he run for little, tiny pharmaceutical companies. and he has made them much larger. his old company that is part of the indictment, where he allegedly load shares, gave shares to investors at his old hedge fund. these are relatively small companies, especially compared to the whale sized companies in big pharma. david: drew armstrong, thank you. one of the years sig

martin shkreli, former hedge fund manager, is facing multiple charges of wire fraud and securities fraud in what federal prosecutors are calling a ponzi scheme. the 32-year-old allegedly defrauded investors in two hedge funds as well as a biotech firm he started and ran. he is accused of taking stock from retro fin and using it to pay off debts from previous business deals. >> he ran his company like a ponzi scheme where he used every company. >> in december 2010, he solicited additional investors to keep it alive. when soliciting, he mislead one investor by giving the investor false information about the fund's assets under management, the prior performance and whether it had an auditor or administrator, all important data points for someone considering investing. >> reporter: in court, he kept looking up at the ceiling, avoiding eye contact with the judge and smirking with his attorneys. he made news earlier this year after touring pharmaceuticals hiked the price of a drug used to fight h.i.v. from $13 a pill to $750 a pill. federal prosecutors say it's unclear if he raised the price o

waserday, martin shkreli arrested on fraud charges unrelated to the aids drug case. today it was announced he resigned. the mostas dubbed hated man in america after he jacked up the price of the aids drug. the presidential race and a scandal for the democrats. candidates will be on the national stage tomorrow for a debate that right now there is a shakeup over spying. shell franzen reports. -- michelle franzen reports. reporter: this is where the debate could turn into an argument. a software glitch allowed up to four sanders staffers to look over confidential files on hillary clinton's voter base. >> sometimes young people make misjudgments. reporter: for 40 minutes, they comb through the files, looking up addresses, voting habits, information on critical states. it was viewed and accessed by multiple staff, and then downloaded. reporter: one staffer who was fired told abc it was no dirty trick. >> we did not use it in a way. reporter: the democratic national committee quickly shout out the sanders campaign from the database. down the ability to use our own informat

martin shkreli could face 20 years in prison. this morning he's out on a $5 million bond. nbc reports. >> reporter: just before his arrest, martin shkreli broadcast live for three hours on youtube, playing chess, the guitar, and surfing ok cupid. hours later, the fbi would be at his door. dubbed by some the most heated man in america for wildly inflating the price of a life-saving drug now stands accused of a laundry list of charges. >> highlight the outrageous web of lies and deceit. >> the charges have nothing to do with shkreli's decision in september to hike the price of daraprim 5 thousand percent. at the time he argued the price increase would fund important research and development. >> are you going to change the price? >> no. >> later his company said some hospitals and patients would be eligible for discounts. now shkreli is accused of creating an elaborate pons scheme. or other things steeling from his former pharmaceutical company to pay off a failed hedge fund. he's already so widely despised he actually united hillary clinton and donald trump in a common cause

martin shkreli is arrested for securities fraud, and i don't have a punchline for this joke because i spent all day getting my costume ready for the "star wars" premiere. ( cheers and applause ) that's what i did! and japan repeals a law forbidding women to remarry within-- i can't even get through this skit because all i'm thinking about is "star wars." may the force be with you. this is "the nightly show"! captioning sponsored by comedy central >> larry: thank you very much. thank you, please. >> larry! larry! larry! larry! oh, man. so so nice. such a nice crowd here tonight, man. welcome to "nightly show." , don't know how you keep guessing. you're right, i'm larry. as we near the end of 2015, i just want to take a moment to reflect on what has truly been an amazing year for me. i mean a year ago brother didn't have a show, right. so, hey, man, 2015, me and you, we good. ( cheers and applause ) such an amazing journey, guys. of course, soon after i arrived, my white neighbor moved out. ( laughter ) and then the whole neighborhood turned. ( laughter ) so, yeah. ( cheers and applause

background area where martin shkreli's story is important. you raise the price of prescription drugs a 10% every year, year in and year out, and those are price increases for very widely disseminated products, whether you're talking diabetes, ms, so forth. situation, you have drugs in the united states that are vastly more expensive than elsewhere in the developed world, and that the discrepancy which, i think, will continue to irritate a lot of people. tipping point the then? we tolerated this before and now this is it? that: it could be, but will depend a lot on politics. republicans are not going to move anywhere toward any new regulation of drug prices, whereas hillary clinton has been talking a good deal about being troubled. we have a long way to go on this. you are talking about the largest, most potentially influential a customer in the united states is the medicare system and there is a law in place that prevents medicare from bargaining at all. that shows you how far we tilt toward not letting the marketplace -- betty: the biggest c

martin shkreli promised to lower the price and then he appeared to backtrack. don dahler has more on this. >> reporter: when shkreli increased its price, they complained they were being unfairly vilified. >> there are a dozen companies just like ours that raise prices higher than ours and i don't see them getting the criticism i got. >> reporter: he's partially right. after valiant pharmaceuticals bought the rights to a heart medication, it raised the price from $179 a dose to almost $1,500. activis increased the cost from $2,700 a bottle to over $1,800. >> you have your foot on the patient's throat. >> reporter: industry analyst richard evans: >> there is a moral obligation. you have to have the patient's well-being at heart and you have to act accordingly. >> reporter: imprimis pharmaceuticals says they're doing just that. they're using the basic ingredients of daraprim to make their own version of the drug. the infamous founder and ceo mark baum. >> we decided to take action to make this new formulation available to this vulnerable population. >> reporter: y

martin shkreli was led away in handcuffs by fbi agents. federal prosecutors allege he lied and stole to keep his other companies afloat. he was also a symbol of corporate greed by raising the price of a medicine more than 50 times. anthony maven is here with more. >> reporter: the federal indictment alleges that shkreli take money from a fund. over five years, they say he after pleading not guilty at the brooklyn federal courthouse thursday, martins shkreli put up $5 million bail for his freedom. federal prosecutors say shkreli ran his businesses like a ponzi scheme. >> he used each subsequent company to pay off defrauded investors from the prior company and use the public company's assets to pay off his own personal death. >> reporter: the criminal indictments alleges between 2009 and 2014 shkreli lost millions through bad trades with his hedge funds and looted retrophin where he was ceo to pay back clients. shkreli told one investor his hedge fund held 35 million in assets when it only had $700. >> i'm a capital istist and trying to crea

martin shkreli faced withering criticism over the price hike, and promised to low it it again. patients say it never happened. don dahler reports. >> reporter: when turing pharmaceuticals doubt the drug this summer, ceo martin shkreli insisted it was being sold at a loss for $10.50 a pill. he increased the pill 5,000% to $750. why was it necessary to raise the price so drastically? >> the drug was unprofitable at the former price. so any company selling it would be losing money. at this price, it's a reasonable profit. not excessive at all. >> reporter: but after a backlash, he told "the new york times" a modest reduction would happen by the end of the year. the price for hospitals only. individuals will pay the full amount. but last month, a san diego based drug company announced it will offer its version of the drug for $1 a pill. mark baum is the founder and ceo. you're selling it the equivalent for $1. are you taking a loss on this? >> no. the chemicals that we use to make this formulation are quite inexpensive. we make a really nice profit on this. but we make what i feel

sk shkreli outed another company. >> it's kalobios, a micro cap stock, martin shkreli, currently arrested and charged for allegedly perpetrating securities fraud, he has been let go, terminated by kalobios as the ceo of the company. the company said in a statement that it was announced today, december 17th, terminated as ceo of the company and resigned his position on board of directors. so martin shkreli who used to be ceo of kalobios terminated by the company. kalibios, this micro cap biotech company has not traded since last thursday. but this is the latest development in the shkreli saga. >> thanks. people watched that thing race up a few weeks ago with the short squeeze. >> people talk about this. >> they do. this is what people want to talk about. he was regarded as the great villain of world finance. >> great villain of world finance. >> maybe let's less than a bit. >> we always try to find who is at any given time. >> martin shkreli? martin shkreli in his apartment with the thing and going on -- >> no. >> periscoping? >> no, bond villains capture peoples imagination or a gold fing

. >>> the last time you heard the name martin shkreli on this broadcast because of an uproar over his decision to drastically raise the price of a life-saving drug. he is a brash, self-promoter who called himself the world's most eligible bachelor, but this morning, he was in handcuffs, accused of duping investors out of millions of dollars. what the feds called a web of lies and deceit that could land him in prison for 20 years. shkreli pleaded not guilty and stephanie gosk has details. >> reporter: just before his arrest, 32-year-old martin shkreli broadcast live for three hours on youtube playing chess, the guitar and searching okcupid. hours later, the fbi would be at his door. the pharmaceutical exec dubbed by some as the most hated man in america for wildly inflating the price of a life-saving drug now stands accused of a laundry list of securities fraud charges. >> these charges highlight the brazenness and outrageous web of lies and deceit. >> reporter: the charges have nothing to do with shkreli's decision in september to hike the price of daraprim 5,000% to $750 a pill. he a

now ske martin shkreli is chargd with running a ponzi scheme. and "star wars," more than a movie, it's a way of life. >> it's okay to be a geek. it's actually a good thing so i wear my fandom proudly. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: late today, the first criminal charges were filed in the san

martin shkreli's company could increase that price to $100,000 per treatment. joining our panel now from d.c., dr. rachel marcus, cardiologist and medical director of the latin american society of chagas. doctor, daisy explained a bit but can you give us a very brief layman's understanding of what the disease is? >> sure. chagas skis is the long-term consequences of a parasitic infection of the heart. it was traditionally thought of as being a disease of rural poverty in central and south america. the parasite causes an acute infection generally in a child. and then for anywhere between 15 and 30 years patients will live with the parasite in them and then suffer long-term damage to the heart and to the esophagus and the gastrointestinal system. >> how is the medical community responding to the idea that the one treatment, the main treatment for it, could increase so exponentially in cost? >> well, you've asked a great question. one of the problems in the united states dealing with chagas disease is that the medical community really doesn't appreciate that it's

so how did 32-year-old martin shkreli pull it off? be on scene profit taking on a aids patients was one thing. bragging about it was another. >> reporter: if you could remind the clock a few months, i wonder if you would do anything differently? >> i probably would have raised the price higher is probably what i would have done. i could have raised it higher and made more profits for our shareholders, which is my primary duties. >> reporter: but today shkreli's commitment to his shareholders. the feds believe he was a criminal, much like his apparent role model, the scam wall street. >> the real question is this. is all this legal? >> this is a capitalist society, capitalist system and capitalist rules and my invests expect me to maximize profits, not to minimize them or go half. >> reporter: i don't know what to say. >> he talked with this level of cockiness, just pure scum. older generations have had their poster boys, bernie madoff. now the millennial generation has theirs unfortunately. >> evil. >>> the last regular season patriot

this morning we're seeing the ripple effects after martin shkreli was arrested for security fraud. two labs announcing they will suspend a drug trial sponsored by his company. morgan has more on the collateral damage. >> reporter: released thursday on $5 million bond, the pharmaceutical executive dubbed by some as the most hated man in america isn't staying quiet. >> i'm not one for a lack of comment. >> reporter: martin shkeli live streaming for hours at a time after pleading not guilty to securities fraud. just yesterday tweeting, i am confident i will prevail. the allegations against me are baseless and without merit. while shkreli remains comfort inside his apartment, the conflict over his alleged scheme keeps growing. two labs funded by his company for a leukemia drug. in a statement moffett cancer center saying it's stopping this clinical trial indefinitely. sending the investigation of the outcome of shkreli. returning a $15,000 check he personally sent them in january saying the more we learned where this money may have come from, the more important it is to give it back. h

martin shkreli drag cli raised the price of a drug. now he is charged with security fraud. jane oh, bryan reports. >> few will be sad that martin shkreli was brought to justice even for a deed that made him the most dislikes people in the u.s. he is charged with a ponzi scheme. hat involved his company which jacked up the price of a drug. overnight one pill went from a whopping $750. shkreli defended the move as good business. >> if there was a company that was selling an astin martin for the price of a bicycle and we buy that company and we ask to charge toyota prices, i don't think that would actually be a crime. we're charging the right price that the markets missed and doing something very good with those profits and putting them right back in the patients hands. >> if >> arrested cooking to prosecutors money in a hedge fund wasn't going anywhere. >> for shkreli, he ran his company like a ponzi scheme where he used each subsequent company to pay off defrauded investors from the prior company. >> when the investors realized something was wrong, it's alleged that shkreli

shkreli pleaded not gosk has details. >> reporter: just before his arrest, 32-year-old martin shkreli broadcast live for three hours on youtube playing chess, the guitar and searching okcupid. hours later, the fbi would be at his door. the pharmaceutical exec dubbed by some as the most hated man in america for wildly inflating the price of a life-saving drug now stands accused of a laundry list of securities fraud charges. >> these charge is highlight the brazenness and outrageous web of lies and deceit. >> reporter: the charges have nothing to do with shkreli's decision in september to hike the price of daraprim 5,000% to $750 a pill. he argued it would fund important research and development. >> are you going to change the price? >> no. >> reporter: later his hospitals and patients would be eligible for discounts. now shkreli is accused of creating an elaborate ponzi scheme, stealing more than $11 million from his former pharmaceutical company to pay off investors in another one of his businesses, a failed hedge fund. shkreli is already so widely despised, he united hillary clinton