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posted by janrinok on Sunday March 11 2018, @08:23PM   Printer-friendly
from the what-a-shame dept.

It's 7 Years in Prison for Martin Shkreli, Convicted of Fraud

A federal judge sentenced former pharmaceutical executive and hedge-fund manager Martin Shkreli to seven years in prison Friday following his earlier conviction on three of eight counts of securities and wire fraud charges.

According to reporters present in the Brooklyn courtroom, Shkreli gave an emotional and tearful speech prior to his sentencing, taking blame and responsibility for his actions and saying he had changed as a person since his conviction. US District Judge Kiyo Matsumoto reportedly handed him a box of tissues and took a lengthy amount of time reviewing his transgressions and history.

The sentencing caps a long, public saga for Shkreli, who is widely reviled for drastically raising the price of a cheap, decades-old drug, as well as provocative and offensive online antics, including harassing women.

Obligatory Nelson HaHa

Source: ArsTechnica

Sobbing "Pharma Bro" Martin Shkreli Sentenced to 7 Years in Prison for Defrauding Investors

KSWB-TV reports

He was convicted on August 5, 2017 of securities fraud and conspiracy in what prosecutors said amounted to a Ponzi scheme. Shkreli called the charges "a witch hunt of epic proportions".

During his sentencing on Friday in Brooklyn federal court, Shkreli, 34, broke into tears and pleaded with the judge for leniency.

"I look back and I'm embarrassed and ashamed", he told the court. "I am terribly sorry", he said to his investors, "I lost your trust."

At his trial last year, Shkreli often wore a smirk and was chastised by the judge for his behavior, including for an incident in which he told reporters that the prosecutors on the case were "junior varsity". He also ignored the advice of his lawyer by commenting on the trial via social media and YouTube.

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  • (Score: 2) by Grishnakh on Monday March 12 2018, @12:54AM (3 children)

    by Grishnakh (2831) on Monday March 12 2018, @12:54AM (#651144)

    but given his other actions and his general attitude towards everyone who wasn't him, I wouldn't want him as a neighbor.

    I wouldn't mind at all, as long as he keeps his place neat and doesn't make any noise. I never talk to my neighbors. I've seen no indication that Shkreli would be a nuisance neighbor, in fact probably quite the opposite; I'd probably never have to hear barking dogs, domestic fights, honking horns, screaming kids (who vandalize cars), etc. from his place like I have with some neighbors.

    As for his general attitude, yeah, that would make me not want to be his good buddy, but that's not something to imprison someone over. People are allowed to be jerks.

    The sad part isn't that he was convicted, the sad part is that the others didn't get put on trial.

    Yeah, that's why I think this was a farce.

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  • (Score: 2) by sjames on Monday March 12 2018, @01:00AM (1 child)

    by sjames (2882) on Monday March 12 2018, @01:00AM (#651149) Journal

    Not so sure about the neighbor part. He strikes me as exactly the kind of person who wouldn't care if his party guests blocked your driveway or kept you up all night.

    • (Score: 2) by Grishnakh on Monday March 12 2018, @01:06AM

      by Grishnakh (2831) on Monday March 12 2018, @01:06AM (#651154)

      He strikes me as exactly the kind of person who wouldn't care if his party guests blocked your driveway or kept you up all night.

      Hmm... maybe. But in that case, it's pretty easy to just call the police. The things I complained about are things that the cops either ignore or can't do much about, because by the time they get there, it's over. Having an all-night party in most decent places will get the cops called on you and if they get called multiple times (and they witness the noise themselves) you're going to court.

  • (Score: 3, Insightful) by ilPapa on Monday March 12 2018, @05:08AM

    by ilPapa (2366) on Monday March 12 2018, @05:08AM (#651205) Journal

    As for his general attitude, yeah, that would make me not want to be his good buddy, but that's not something to imprison someone over. People are allowed to be jerks.

    He's not getting locked up for being a jerk. He's getting locked up for multiple felonies. Here's the criminal complaint against him:

    https://www.sec.gov/litigation/complaints/2015/comp-pr2015-282.pdf [sec.gov]

    For the record, we have hard-working people decent family people living in the US who've been here for decades who are being snatched off the street and deported. Any one of them is worth more to society than a parasite like Martin Shkreli.

    --
    You are still welcome on my lawn.