"Pharma Bro" Martin Shkreli Gets Seven Years for Securities Fraud


The sentence from US District judge Kiyo Matsumoto in federal court in Brooklyn, New York, was shorter than the 15 years asked for by prosecutors but much longer than the 12 to 18 months Shkreli's lawyers had sought.

Martin Shkreli, the disgraced biotech entrepreneur, was sentenced on Friday to seven years in jail for fraud, concluding a saga that began when he became infamous for hiking the price of a life-saving medicine. "I took down Martin Shkreli with my disgraceful and shameful actions". This is my fault. He was banned from Twitter for harassing journalist Lauren Duca, and drew the ire of music fans after he purchased a one of a kind Wu-Tang Clan album Once Upon a Time in Shaolin.

A crying Shkreli was a far cry from his demeanor in 2015 when he repeatedly taunted authorities on social media. While this was perfectly legal, it was also a dick move, and won Shkreli the title of "Most Hated Man in America". Matsumoto also sentenced him to three years of probation after his release and ordered him to pay an additional $75,000 fine.

Speaking during the sentencing, Shkreli's prosecutor said that he "has no respect whatsoever for the law", "wants everyone to believe that he is a genius, a whiz kid" and that "cultivating that image is important to him above all else". After his conviction, Matsumoto revoked his $5 million bailed after he offered his Facebook followers money to grab a strand of Hillary Clinton's hair. "The "real" Martin Shkreli may not be known to anyone save himself", the prosecution said.

The disgraced former pharmaceutical executive and hedge fund manager was convicted in August of conspiracy to commit securities fraud and two counts of securities fraud.

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Before issuing her sentence, the judge noted how Shkreli had an abusive father and panic attacks.

He said: "I want the people who came here today to support me to understand one thing, the only person to blame for me being here today is me". The notorious "Pharma Bro" Shkreli faced the court due to charges of security fraud from back in his hedge fund days.

Shkreli never seemed prepared for his fate, at first predicting he would be acquitted and then insisting that his punishment would be "close to nil".

At the sentencing hearing, prosecutor Jacqueline Kasulis slammed Shkreli as an unrepentant fraudster who cares only about himself and his supersized ego. "I take responsibility for the fact that I used to behave and communicate in this way", he continued.

The two years since U.S. law enforcement officers ushered Shkreli in a grey hoodie out of his NY apartment might as well be a lifetime ago.