The former hedge fund manager who sparked national outrage after he hiked the price of a life-saving drug by more than 5,000 percent has been arrested on securities fraud. Prosecutors say Martin Shkreli orchestrated a Ponzi-like scheme at his former hedge fund and his startup pharmaceutical company Turing Pharmaceuticals. Martin Shkreli was freed on $5 million bond Thursday afternoon. U.S. authorities said that during the arrest they did not seize a one-of-a-kind Wu-Tang Clan album that Martin Shkreli had reportedly purchased for $2 million and then boasted that he didn’t even plan to listen to it.