Turing Pharmaceuticals CEO Martin Shkreli, who was charged Thursday with securities fraud, has resigned his position.
The company said board chairman Ron Tilles has been named interim CEO.
- Turing Pharma CEO Martin Shkreli defrauded investors with 'a web of lies,' prosecutor says
- Martin Shkreli, 'most hated man in America,' arrested for fraud
Shkreli was arrested in New York City and charged with securities fraud related to his former hedge fund and a drug company he once ran.
A seven-count indictment unsealed in Brooklyn Federal Court charged Shkreli with:
- Conspiracy to commit securities fraud.
- Conspiracy to commit wire fraud.
- Securities fraud.
He has pleaded not guilty to the charges.
The allegations against Shkreli on Thursday have nothing to do with the price-gouging accusations that turned him into a poster boy for corporate greed back in September.
Shkreli was widely attacked when he jacked up the price of Daraprim, a potentially life-saving anti-parasitic drug treatment, from $13.50 US a pill to $750.
Several people on Twitter took the opportunity to mock Shkreli after he tweeted he was happy to be home.
@MartinShkreli what support? There's a fairly universal feeling that if you were the only human left in a jail we'd call it a day.— @matcatastrophe
One made reference to the exclusive album he purchased for more than $2 million before his ordeal began.
@MartinShkreli I hate you bro but glad you're home so my plan to steal the Wu album commences— @JohnDarko
Another went with the universal language of internet mockery: a Simpsons quote