Transcript for Pharmaceutical CEO Arrested for Fraud, Free on $5 Million Bond
We turn to who many are calling the most hated man in America. The he became notorious for jacking up the price of a life-saving drug by more than 5,000%. He is now free on $5 million bond this morning after being arrested for fraud. ABC's linsey Davis is here with that story. Good morning, linsey. Reporter: Good morning, Amy. Earlier this month martin Shkreli tweeted, I late being in the news. Well, this morning he's back in headlines again, this time accused of fraud, a Ponzi scheme but overnight a representative for Shkreli issued a statement saying, ponsi victims do not make yet Mr. Shkreli's investors enjoyed strong results. This morning, the so-called bad boy of farj execupharmaceuticals raising a drug from $13.50 to $750 a tablet out of jail on $5 million bail after being arrested Thursday morning for unrelated fraud charges. For Shkreli essentially ran his companies like a Ponzi scheme. Reporter: Court documents allege martin Shkreli, the 32-year-old hedge fund CEO got millions from investors allegedly and when he lost their money through a series of bad trades took money in new investors to pay off the old ones and started 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. These charges in today's indictment highlight the brazenness and breadth of Shkreli's schemes and the outrageous web of lies and deceit. Reporter: Shkreli pled not guilty on Thursday. We interviewed him back in September. After he increased the price of a drug used to help people with AIDS and cancer by more than 5,000%, Donald Trump called him a spoiled brat. There was a lot of vitriol out there targeting you, one of the headlines even saying that you were the most hated man in America. I'm not a greedy person. Reporter: But at a later event -- I could have raised it higher and made more profits for our shareholders which is my primary duty. Reporter: The 32-year-old posting hours of video of himself online, eating, sleeping, on his computer, turning heads for tweets like this, 50 to 100 date solicitations for me. The world's most eligible bachelor. Sorry, but you have to be a shareholder to meet me. I don't care about meme hating me. Who gives a . Reporter: He purchased the only copy of a woo tang album by promising he wouldn't release it publicly. He is confident he will be cleared of all charges and online people are joking his attorney should actually raise their fees 5,000% to represent him. Like 2 million for that album and they don't know where he got the money. Police tweeted last night that they didn't seize -- this was a seizure arrest so didn't get the with you tang clan album. Another young man behaving
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