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Former pharmaceutical head Shkreli subpoenaed

Former pharmaceutical head Martin Shkreli was subpoenaed to appear before a Congressional committee investigating price gouging in the drug industry.

By Jack Craver | Updated on January 21, 2016
Photo: AP

Weeks after being arrested on charges of security fraud, Martin Shkreli, a Wall Street tycoon who gained notoriety for buying the rights of drugs and then dramatically raising their prices, received a subpoena to appear before a Congressional committee investigating price gouging in the pharmaceutical industry.

The House Committee on Oversight and Government Reform delivered a subpoena to Shkreli’s attorneys, demanding his presence at a hearing on Tuesday, the New York Times reports.

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