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:
#MartinShkreli cried while speaking to his sentencing judge and apologized to his investors. He also told his supporters that there is no conspiracy to take him down, that he’s the only one to blame for what happened. #PharmaBro #TicTocNews
— Erik Larson (@eelarson) March 9, 2018
Shkreli’s lawyer Benjamin Brafman complained in court that Shkreli’s antics made his defense more difficult, tweeted journalist Stephanie Clifford:
“There are times I want to punch him in the face, because he’s made my job more difficult by some of the things he’s said,” #MartinShkreli‘s lawyer Benjamin Brafman tells judge at sentencing.
— Stephanie Clifford (@stephcliff) March 9, 2018