The businessman was arrested on fraud charges.
Martin Shkreli, the owner of Wu-Tang Clan’s Once Upon A Time In Shaolin album, was fired today (December 21) from his CEO position of drug company KaloBios, according to fuse.
Shkreli was arrested December 17 on securities fraud charges.
He was charged with “illegally taking stock from Retrophin Inc., a
biotechnology firm he started in 2011, and using it to pay off debts
from unrelated business dealings.”
The businessman, who was released on $5
million bond December 17 and had his travel restricted to specific
portions of New York, has also reportedly resigned from Turing
Pharmaceuticals. In September, Shkreli garnered attention when his Turing Pharmaceuticals raised the price of one pill of its parasitic drug Daraprim from $13.50 to $750. The move drew criticism from presidential candidates Hillary Clinton and Donald Trump, as well as the BBC, among others.
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