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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: 0) by Anonymous Coward on Monday March 12 2018, @05:42AM (1 child)
"waiting for him at the gates of Hell"
What did he do that you think he deserves that? How do you know what will happen when this is all over? WHAT is all over?
"Strip him of all his assets, and put him out on the streets with nothing but the clothes on his back, and tell him to find work."
He will be rich again in six months or less. And he will be around, mocking you. He will learn to play the game and will not go to prison for anything again.
He is only a bit spoiled by his own abilities. The system made sure to make an example of him. I don't believe he went to prison for securities fraud. He went to prison for the Hillary's hair. The Hillary is a dangerous creature as we all know and is a psychopath of the highest order. That creature would start a world war and be proud of it.
And YOU are a mobster.
(Score: 2) by Azuma Hazuki on Monday March 12 2018, @08:43PM
First of all, my girlfriend has *been* to Hell, and not as a tourist. She has between-life memories. Apparently last time she was a murderous, arsonous bandit, and as she was a Buddhist at the time, her Hell manifested the way Buddhists believe it would. Second, I am (and in fact nearly all pre-Nicene Christians who could speak Koine Greek were) what would be considered a Universalist. Hell is a state of being, not a place, and it lasts precisely as long as it needs to last. Third, fuck you for justifying Shkreli's actions with your bullshit social Darwinism. Fourth, I'm not anywhere Italian enough to be a mobster, though I *do* make some pretty good penne all'arrabiatta.
I am "that girl" your mother warned you about...