Former pharma CEO plundered millions from his own company, DOJ says

What not to do with millions of dollars of a pharma company's cash? Don't allegedly cover personal credit card bills and pay for tuition for your child's private school, for two.

The former chief executive and owner of a New Jersey drugmaker has been arrested for allegedly embezzling millions of dollars from his own company, a Justice Department complaint issued Monday shows. The accused, 75-year-old John Klein of Palisades Park, New Jersey, has been charged with one count of wire fraud. He was scheduled to appear over video before a judge on Monday.