Martin Shkreli Steps Down as Turing Pharmaceuticals CEO Amid Controversy 🚨
Martin Shkreli has resigned as CEO of Turing Pharmaceuticals after his arrest on unrelated securities charges. An interim leader has been appointed as the company navigates the controversy.
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Martin Shkreli, the disgraced CEO of drugmaker Turing Pharmaceuticals, resigned Friday from the company he founded following his arrest on unrelated securities fraud charges.<br />Ron Tilles, the chairman of the board of the privately held company, will serve as interim chief executive until a formal replacement is named, according to a Turing news release.<br />Federal prosecutors allege Shkreli orchestrated three interrelated fraud schemes from September 2009 through September 2014, using investors' money from one company he opened to illegally pay off debts owed to a previous business he started.
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Dec 18, 2015
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