Posted earlier with a slightly easier-to-digest summary at https://news.ycombinator.com/item?id=10753102 https://news.ycombinator.com/item?id=10753102 In short

Posted earlier with a slightly easier-to-digest summary at https://news.ycombinator.com/item?id=10753102 https://news.ycombinator.com/item?id=10753102 In short, he was arrested for securities fraud. This isn't related to his price-hiking antics, rather it involves his work running pharmaceutical companies and lying to investors.