Pharmaceutical mogul Martin Shkreli charged with fraud

Martin Shkreli, the former hedge fund manager vilified for buying a pharmaceutical company and jacking up the price of a life-saving drug more than fiftyfold, has been arrested on securities fraud charges unrelated to the furore.

The boyish-looking 32-year-old entrepreneur — a relentlessly self-promoting figure who has called himself “the world’s most eligible bachelor” on Twitter and recently plunged into the hip-hop world by buying an unreleased album by the group Wu-Tang Clan — was in custody awaiting an appearance in federal court in Brooklyn.

He was charged in a seven-count indictment unconnected to the drug price hikes imposed by his company, Turing Pharmaceuticals.