Notorious e-sports team boss Martin Shkreli arrested for securities fraud

    
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Martin Shkreli, chairman of League of Legends e-sports team Imagine and CEO of real-life company Turing Pharmaceuticals, was arrested in New York today. He stands accused of “engaging in a complicated shell game after a hedge fund he started lost millions” and making “secret payoffs and set[ting] up sham consulting arrangements,” among other charges, says Bloomberg.

Shkreli made headlines earlier this year when his company bought up the rights to a malaria and toxoplasmosis drug and then jacked up the price. That prompted angry gamers to ask Riot Games to step in and enforce its “Moral Turpitude” e-sports rule, which states that “a Team Member may not engage in any activity which is deemed by the LCS to be immoral, disgraceful, or contrary to conventional standards of proper ethical behavior.”

Well, if he hadn’t done that before, he may have now. Commence schadenfreude.

Source: Bloomberg via Polygon
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