Martin Shkreli sentenced to 7 years in prison for fraud


The defence had argued that Shkreli shouldn't have to forfeit anything because the hedge fund investors actually ended up making a profit from drug company stock he gave them.

"There are times I want to punch him in the face, because he's made my job more hard by some of the things he's said", Brafman said, according to reporter Stephanie Clifford (not to be confused with the other Stephanie Clifford).

The government argued that their recommendation for Shkreli to be sentenced to 15 years behind bars is not an arbitrary number.

"There is no conspiracy to take down Martin Shkreli". His assets include a Picasso painting, $5 million in a personal trading account, and a one-of-a-kind Wu-Tang Clan album, as well as an unreleased Lil Wayne album.

Turing obtained the manufacturing licence for the anti-parasitic drug Daraprim, raising its price from $13.50 (£10) to $750 (£540) per pill.

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Prosecutors were seeking 15 years prison, arguing that Shkreli had showed no remorse for his actions and pointing to his provocative and freakish statements posted on social media.

Former pharmaceutical executive Martin Shkreli has been sentenced to seven years in prison.

In the end, Matsumoto sentenced Shkreli to seven years in prison for securities fraud.

"He shouldn't be sentenced simply for being Martin Shkreli", Brafman said.

Shkreli was convicted in August of a year ago on charges related to a Ponzi-like scheme involving two hedge funds he previously managed and his former pharmaceutical company, Retrophin.

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"What motivates Martin Shkreli is his own image", Kasulis said.

"Mr. Shkreli is about to turn 35 years old", she said " He is a man who needs to take responsibility for his actions".

When questioned about the price hike by Congress a few months later he invoked his Fifth Amendment right against self-incrimination, only to tweet after the hearing that the politicians were "imbeciles".

Shkreli had been free on bail until a judge jailed him for offering a $5,000 bounty to anyone who could get a lock of Hillary Clinton's hair previous year. And she noted that Shkreli's family and friends "state, nearly universally, that he is kind and misunderstood" and willing to help others in need.

Some of the letters sent to the court on his behalf were as quirky as the defendant himself. She said it was clear he is a "tremendously gifted individual who has the capacity for kindness". One woman described how she became an avid follower of Shkreli's social media commentary about science, the pharmaceutical industry, but mostly, about himself.

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"At its core, this case is about Shkreli's deception of people who trusted him", they wrote.