shkreli represented prospective investors. now defunct mxmb management that he misappropriated funds and lied from october 2009 through swrul of -- >> it is a fairly common complaint too. we're talking about 20 pages long. through one section that caught my eye is that some of the activity that is alleged to have taken place while he was at msmb capital management and some of the trading that he had done while there -- i'll quote from that as well to give you an idea of what we're talking about. this complaint from the sec saying from november of 2009 for the part of a year through november of 2010 largely as a result of mr. shkreli's trading they lost over $660,000 that had it been invested in the firm prior to november of 2010 as of november 30th of 2010, one year after the trading began, the brokerage account of that firm was a mere $331. >> what is striking about this complaint, the civil complaint that we just unsealed, this alleges what the sec terms widespread fraudulent conduct orchestrated by shkreli from 2009. this h

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

shkreli is already so widely despised he actually united hillary clinton and donald trump in a common cause. >> that guy is nothing. he is zero. he's nothing. and he ought to be ashamed of himself. >> i am announcing a detailed plan to crack down on these abuses. >> reporter: shkreli is the son of eastern european immigrants raised in brooklyn. his parents worked as janitors. >> this is the wu tang album. >> reporter: he recently spent $2 million for the only copy of a hip-hop album and told the magazine i'm the most successful albanian to ever walk the face of his earth. now, he's well on his way to becoming the most infamous, as well. >> now, the fbi later tweeted that it did not seize the only copy of that wu tang clan album or any of shkreli's assets. yet. >>> let's bring in cnbc's steve sedgwick who joins us live from london now for more and, steve, adding insult to injury, the value of shkreli's shares in a biotech company took a major nosedive. >> yeah, absolutely. there's a lot of problems mounting up for him. one thing i will say, though, and i'm going to give a little bit of

now martin shkreli is charged 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: this is our western edition. late today, the first criminal charges were filed in the san bernardino terror attack. the accused is enrique marquez. he allegedly bought weapons used by syed farook and tashfeen malik to murder 14 people before they themselves were killed in a police shoot-out. marquez was a longtime friend of farook, and carter evans has more. >> reporter: 24-year-old enrique marquez entered the federal courthouse in this unmarked car. he's charged with unlawful purchase of the assault rifles that were used in the san bernardino massacre and with providing material support for terrorism. in a 37-page criminal complaint, investigators say marquez had no knowledge of syed rizwan farook's plan to attack the inland regional center on december 2nd. th

in all, the feds allege shkreli lost $11 million in investors' money. his arrest was trending on social media all day, frequently followed by the hashtag "karma." scott. >> anthony mason, thank you, anthony. >>> the "cbs overnight news" will be right back. >>> maybe it was karma that has two cuban-americans debating immigration reform in the presidential campaign. ted cruz and marco rubio are battling to become the alternative to donald trump, and major garrett is on the campaign. >> reporter: in republican circles, the word "amnesty" is a weapon. ted cruz unleashed it against marco rubio at tuesday's debate. >> there was a battle over amnesty, and some chose, like sea$unator rubio, to stand wi barack obama and chuck schumer and support a massive amnesty plan. >> reporter: that's a reference to the 2013 immigration reform bill rubio helped draft. it ultimately failed, but the bill would have granted legal status to the estimated 11 million undocumented immigrants in america. cruz said today that's the definition of amnesty. >> i oppose amnesty. i oppo

shkreli lost $11 million in investors' money. his arrest was trending on social media all day, frequently followed by the hashtag "karma." scott. >> anthony mason, thank you, anthony. >>> the "cbs overnight news" will be right back. almost sixty million americans are affected by mental illness. together we can help them with three simple words. my name is chris noth from maine to maui, thousands of high school students across the country are getting in on the action by volunteering in their communities. chris young: action teams of high school students are joining volunteers of america and major league baseball players to help train and inspire the nextxteneration of volunteers. carlos pea: it's easy to start an action team at your school so you, too, can get in on the action. if you were a hippie in the '60s, you need to know. it's the dawning of the age of aquarius. yeah, and something else that's cool. what? osteoporosis is preventable. all: osteo's preventable? right on! if you dig your bones, protect them. all: cbs cares! >>

. >>> 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

freed on $5 million bond and in a statement just released shkreli's representative says shkreli is confident thael be cleared of all charges. joining me now is sam biddle, senior writer at gawker. i would say this seems like karma except that shkreli has seemed to relish every step of his descent into the whatever circle of, you know, villainess. >> i think he considers himself just another viral star. he's hated instead of loved but yeah, i think he's been having a blast. >> did he -- do you think at any point -- i mean, we just played that presser where his public statement saying that he would have raised the price of the drug even more. has he tried to ameliorate his -- or rehabilitate his image at all through the course of this? >> no. and in fact, he's done everything to instigate further criticism, to drag his -- he's dragged his own name through the mud, which is hard to do. i mean, the one thing that he's done to maybe try to humanize himself is these weird marathon youtube livestream sessions where he'll just answer fan questions in the middle of the night and play guitar and sleep

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 and donald trump in a common cause. >> he is nothing. he is zero, he is nothing. he ought to be ashamed of himself. >> i'm announcing a detailed plan to crack down on these abuses. >> shkreli is the son of eastern european immigrants raised in brooklyn. his parents worked as janitors. he spent $2 million for the only copy of a hip-hop album and told the magazine, i'm the most successful albanian to walk the face of this earth. now he's well on his way to becoming the most infamous, as well. stephanie gosk, nbc news, new york. >>> secretary of defense ash carter under fire tonight after he admitted using a private e-mail account for some official business. carter says he made a mistake, though as pentagon correspondent jim miklazewski reports, carter continued to do it even while hillary clinton's use of private e-mai

now shkreli is accused of creating an elaborate ponzi scheme. among other things 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 despi despised, he actually united hillary clinton and donald trump in a common cause. >> that guy is nothing. he is zero. he's nothing. and he ought to be ashamed of himself. >> i am announcing a detailed plan to crack down on these abuses. >> reporter: shkreli is the son of eastern european immigrants raised in brooklyn. his parents worked as janitors. he recently spent $2 million for the only copy of a hip-hop album and told the magazine, i'm the most successful albanian to ever walk the face of this earth. now, he's well on his way to becoming the most infamous, as well. stephanie gosk, nbc news, new york. >>> a representative released a statement saying shkreli is confident he'll be cleared of all charges and a few hours ago he tweeted, glad to be home. thanks for the support. >>> with chr

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. >> that guy is nothing. >> i'm announcing a detailed plan to crack down on these abuses. >> shkreli is the son of eastern european immigrant, raised in brooklyn. his parents worked as janitors. he recently spent $2 million for the only copy of a hip hop album. and told the magazine i'm the most successful albanian to ever walk the face of this earth. now he's well on his way to becoming the most infamous as well. >> a representative released a statement saying shkreli is confident he'll be cleared of all charges. and a few hours ago shkreli tweeted glad to be home, thanks for the support. >>> with krmts a week from today and mass shootings on the mind of americans, major theme parks in orlando are tightening security.mind of americans, maj parks in orlando are tightening security. >> repor

now martin shkreli is charged 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. >>> this is the "cbs overnight news." >>> the first criminal charges have been filed in the san bernardino terror attack. the accused is enrique marquez. he allegedly bought weapons used by syed farook and tashfeen malik to murder 14 people before they themselves were killed in a marquez was a longtime friend of farook, and carter evans has more. >> reporter: 24-year-old enrique marquez entered the federal courthouse in this unmarked car. he's charged with unlawful purchase of the assault rifles that were used in the san bernardino massacre and with providing material support for terrorism. in a 37-page criminal complaint, investigators say marquez had no knowledge of syed rizwan farook's plan to attack the inland regional center on december 2nd. they allege he purchased the two ar-15-style rifles for farook because his appearance was caucasian whi

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

if found guilty of the latest criminal charges, shkreli could face 20 years. laura: the columbian government have signed an agreement in the cuban capital havana. after five decades of conflict and the deal tackles victim compensation and how those responsible for the violence will be tried and punished. our correspondent in havana has this exclusive interview with ivan marques, the leader of the delegation at the peace talks. >> peace in colombia is now tantalizingly close. after 50 years of conflict in which over 200,000 people were killed, the colombian government and the rebel group have made movement toward a lasting peace deal. the only issue is reoperations settled s has been and the judicial system in which crimes committed during the war will be judged. the bbc was given an exclusive interview with top leader ivan marques. even after five decades of war, he insists the fighting was justified. >> it was worth it. of course it was. if we hadn't been here to fight for what we believe in, who knows what would have happened to colombia, probably the omplet

now martin shkreli is charged 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. >>> this is the "cbs overnight news." >>> the first criminal charges were filed in the san bernardino terror attack. the accused is enrique marquez. he allegedly bought weapons used by syed farook and tashfeen they themselves were killed in a police shootout. marquez was a longtime friend of farook, and carter evans has more. >> reporter: 24-year-old enrique marquez entered the federal courthouse in this unmarked car. he's charged with unlawful purchase of the assault rifles that were used in the san bernardino massacre and with providing material support for terrorism. in a 37-page criminal complaint, investigators say marquez had no knowledge of syed rizwan farook's plan to attack the inland regional center on december 2nd. they allege he purchased the two ar-15-style rifles for farook because his appearance was caucasian while farook looked midd

in all, the feds allege shkreli money. his arrest was trending on social media all day, frequently followed by the hashtag "karma." scott. >> pelley: anthony mason, thank you, anthony. well, maybe it was karma that has two cuban-americans debating immigration reform in the presidential campaign. ted cruz and marco rubio are battling to become the alternative to donald trump, andtr major garrett is on the campaign. >> reporter: in republican circles, the word "amnesty" is a weapon. ted cruz unleashed it against marco rubio at tuesday's debate. >> there was a battle over amnesty, and some chose, like senator rubio, to stand with barack obama and chuck schumer and support a massive amnesty plan. >> reporter: that's a reference to the 2013 immigration reform bill rubio helped draft. it ultimately failed, but the bill would have granted legal status to the estimated 11io million undocumented immigrants in america. cruz said today that's the definition of amnesty. i oppose citizenship. i oppose legalization. for illegal aliens.

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

martin shkreli posted a $5 million bond and walked free. as abc's lauren lister reports, the charge he is facing now has nothing to do with the price of drugs. >> reporter: he's the entrepreneur at the center of a fire storm in recent months, for buying a pharmaceutical company and jacking up the price of a life-saving drug more than 4,000%. tweeted about by hillary trump. named the most hated man in america in the press. shkreli, defended himself on abc news in september. >> i think they have a fundamental misunderstanding. we've agreed to lower the price affordable. >> reporter: a promise he later reneged on. the 32-year-old 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 another company, where he was ceo, from 2012-2014. >> shkreli ran his companies like a ponzi scheme. he used each company to pay off defrauded investors from the prior company. >> reporter: accused of lying to shkreli us

when we interviewed shkreli in september. one of the headlines said you're the most hated manan in america. he said he was going to cut the cast of daraprim. he cut it to $375 a pill. still, a 2,000% increase over the original cost. online, shkreli has posted hours of video of himself. >> i don't really care about people hating me. >> reporter: that devil-may-care attitude, not as apparent as he left this federal courthouse after his arraignment. he and the attorney pled notot guilty. and the amount o obond shkreli paid to walk out of jail, $5 million. linsey davis, abc news, new york. >> thank you, linsey. >>> and to politics, starting with vladimir putin, offering praise for donald trump. the russian leader calling trump a talented, very colorful person. and the absolute leader of the trump saying in response, it's a great honor to be so nicely complimented by a man so highly respected within his own country and beyond. >> we'll talk about that later. >>> senators ted cruz and marco rubio are maintaining their feud over imm

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

we have reached out to shkreli as well. we have not yet heard back from them, and we will update you with any news. yesterday the company putting out a statement saying that legal matters concerning the founder and ceo martin shkreli are bernl and are no bearing on turing pharmaceuticals. just to recap, he was arrested here at home in manhattan yesterday by the fbi. he is charged with seven counts, including securities fraud. they called it eye ponzi-like scheme. >> it involves complex accounting matters that the u.s. attorney's office for the eastern district of new york and the s.e.c. failed to understand. saying that his accounting was just too complicated for the s.e.c. back to you. >> thanks so much. meg terrell with the latest outside martin hkreli's apartment building in manhattan. we are, as p know, in selloff mode. want to take to you the dow heat map. two main culprits, disney and boeing. both stocks getting downgraded. the boeing downgrade certainly hurting that company and hurting the dow. those two disney and b

shkreli pleaded not guilty and stephanie gosk has details. 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 company said some hospitals and patients would be eligible for 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 c

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

more now on shkreli. >> that's right. good mornings, shkreli gave an interview to the wall street journal on sunday in which he says he's being criticized by authorities for the over the top persona and drug prices. trying to find anything we could to stop him was the attitude of the government. beating the person up and then trying to find the merits to make up for it. shkreli was arrested and charged with allegedly misleading investors for hedge funds and raiding a public company to cover losses. the sec has reportedly been probing him since 2012 but his investigation became the bigger priority after he raised the price of the aids drug in september. the u.s. attorney's office is declining comment. shkreli has stepped down and has been laying low in his new york city apartment. his twitter account was taken over by hackers sunday just hours after he went online to plead his innocence, a series of tweets included anyone want free money? willing to donate hundreds of thousands to charities before i go to prison. a spokesm

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. he made headlines for hiking up a cancer drug 5,000%. >> doctors and patient dprups saying they can't access this drug. are you going to change the price? >> no. >> reporter: now accused of orchestrating a ponzi scheme. if convicted, he faces 20 years. today a repfor shkreli says his twitter account was hagged. anyone want free money? willing to donate hundreds of thousands to charities before i go to prison. shkreli resigned from his company and is expected back in court in january. >>> at 4:51 now. now to what could be considered the biggest slip up of the entire year. comedian steve harvey miscrowned miss universe. >> colombia. >> the host made that major mistake when he misread the card. it clearly started that miss philippines won and to make matters worse, harvey sent out a tweet apologizing to each contestant but

. >> reporter: martin shkreli live streaming for hours at a time. after pleading not guilty to securities fraud. just yesterday, tweeting, i'm confident i will prevail. the allegations against me are baseless and without merit. while shkreli remains inside the comfort of his new york city apartment, the fallout over his alleged scheme keeps growing. at least two labs now suspending a clinical trial funded by his company for a leukemia drug. in a statement, a it's stopping this clinical trial indefinitely pending the outcome of the investigation of shkreli. and a homeless charity 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 we felt like it was important to give it back. in september, shkreli made headlines for hiking up a cancer drug 5,000%. >> and doctors and patient groups saying they can't access this drug. are you going to change the price? >> no. >> reporter: now, he's accused of orchestrating a ponzi scheme that stole millions. if convicted he faces 20 year

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 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

and the amount of bond shkreli paid to walk out of jail? $5 million. david? >> linsey davis with us tonight. thank you, linsey. >>> now to the race for 2016 tonight. donald trump, normally unapologetic, with a rare acknowledgement, telling jimmy kimmel he has been, quote, a little bit divisive. and this evening, getting a vote of confidence from an unlikely source. russian president vladimir putin, calling trump colorful, talented. and late today, trump responding. abc's cecilia vega on the campaign trail again tonight. >> reporter: as his rivals battle on the campaign trail, donald trump basking in the bright lights of late night tv. >> did you decide you were going to be nicer? >> you know what? really, i would like to see the republican party come together, and i've been a little bit divisive in the sense that i've been hitting people pretty hard. >> a little bit, yeah. >> reporter: jimmy kimmel even unveiling a trump-themed children's book, "winners aren't losers." >> there are two kinds of people. which one will you be? a loser like them? would you like

a drug company has fired martin shkreli. shkreli. kalo-bios pharmaceuticals said today that they fired shkreli on thursday -- the same day he was arrested on federal securities fraud and conspiracy charges.prosecutors and stocks from one drug company to compensate investors who lost money in a hedge funds he ran.shkreli denies those allegations.he's best known for for jacking up the price of an aids drug by more than five-thousand percent earlier this year.this morning -- he is out on bond. two of the most powerful men in soccer have been banned from the sport.fifa president sepp blater and the official expected to replace him are now side-lined for the next eight years.mark phillips explains the latest move by soccer's governing body. body. this was a this was a judgment by the ethics committee of world soccer.it's not a criminal conviction for corruption - not yet.but the result is effectively the same ((take pkg))(nats)sepp blatter -- president of fifa, soccer's governing body -- for 17 years... and a power in the sport for 40...

shkreli was arrested thursday morning on unrelated fraud charges. >> shkreli essentially ran his companies like a ponzi scheme. >> reporter: those allegations didn't appear to faze him. yesterday on his live stream shkreli was seen talking on the phone, playing internet games. and strumming his guitar. >> reporter: but those charges are no laughing matter. court documents allege that the top exec scored millions from investors and when he lost their money through a series of bad trades, he took money from new investors to pay off the old ones. and then he launched a company called retrophin, acquiring old drugs and selling them for higher prices. according to investigators using that money to pay off his hedge fund investors. shkreli has pleaded not guilty to the charges keeping mum about his legal battle on his live stream. talk so i'm not going to talk. >> reporter: now up to 800 people were watching that live stream at any given time. if convicted of all charges shkreli faces up to 20 years in prison. he seems to be in a good mood for now. >> galvanizing democrats and republicans, nobod