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That was martin shkreli. he defended his decision to raise the price from $13.50 per pill to $750. the 5,000% markup called attention to soaring drug prices and now he's in federal custody this morning. the fbi arrested him at his new york home involving his former hedge fund and the drug company he previously headed. he's accused of illegally using money to pay off debts after his hedge fund lost money. and he -- >> more recently at a forbes health care summit last thursday, mr. shkreli lamented

Up with the drug to battle hiv. the drug was being sold for $13.50. he decided to raise the price to $750. he was asked from congress to hillary clinton to lower the price. he refused. he said he would raise the price even higher to maximum profits. the trouble with the feds has nothing to do with the hiv drug. he ran a ponzi type scheme. he illegally took stock for his bio tech firm to pay off debts from other business dealings. investigators say he's now defunct hedge fund lost millions and millions of dollars and martin was using the money to finance the lavish lifestyle. listen. >> you lie...

Yes, ideas are scary, and messy and fragile. but under the proper care, they become something beautiful. he's been called the most hated man in america because he jacked up the cost of a life-saving drug from $13.50 to $750. now martin shkreli is under arrest for securities fraud. robert caper is the fbi and

The price of lie-saving medication is grabbing headlines arrested for securities fraud. the 32-year-old martin shkreli left court where he pleaded not guilt y to seven counts of fraud. the attorney described the full extent of the alleged crimes. >> schick kelly ran his companies like a ponzi screheme where he used each company to pay off defrauded investors from the prior company. >> we remember this guy because he was the one who raised the price of a life-saving medication overnight, up to like $750 per pill. used to be $13.50. nobody liked this guy much back then. and today, they're celebr...

Aig and bear stearns. the government can lend to banks as long as the banks can pay it back in times of emergencies. the latest of the drug price gauging war. remember daraprim? it went from $13.50 to $750 a pill overnight. now the drugmaker will offer an alternative for $1 a pill. the same active ingredient as daraprim. the company will offer assistance to needy patients, but the $750 sticker price has not come down. you will hear more about this in congress and the campaign trail. especially democrats. this should be illegal. president obama in paris to fight climate change, but the war ...