Pharmaceutical chief arrested for securities fraud

A judge has approved a $5 million bond for the CEO of pharmaceutical
company Turing who had earlier been arrested on charges of fraud.

Martin Shkreli has pleaded not guilty but prosecutors say he ran a
Ponzi-like scheme and comes just a few months after Shkreli sparked
outrage by hiking the price of an established medicine by 5,000%.

William Denselow reports from New York.

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