Judge Sentences Pharma Bro Martin Shkreli To 7 Years In Prison, Shkreli Cries In Court

Martin Shkreli was sentenced to seven years years in prison for defrauding investors by U.S. District Judge Kiyo Matsumoto.

Matsumoto ordered Shkreli, also a hedge-fund manager, to forfeit $7.3 million in assets, notes The New York Times.

Shkreli,  a pharmaceutical executive and hedge fund manager who raised the cost of the life-saving AIDS drug Daraprim by 5,000 percent, was found guilty of securities fraud in 2017.

Shkreli cried in court while being sentenced, according to Erik larsen of Bloomberg News:

Shkreli’s lawyer Benjamin Brafman complained in court that  Shkreli’s antics made his defense more difficult, tweeted journalist Stephanie Clifford:

(Sources: The New York Times, Erik Larson/TwitterStephanie Clifford/Twitter, Photo Credit: CNBC/YouTube)

About The Author

You might be interested in


Your email address will not be published. Required fields are marked *

Get The Latest News Videos Before Everyone Else!

Get The Latest News Videos Before Everyone Else!

Subscribe to our Newsletter for Free (Really!)

You have Successfully Subscribed!