SoylentNews
SoylentNews is people
https://soylentnews.org/

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

Fnord666 writes:

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

-- OriginalOwner_ writes:

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.

More coverage from:

• NY Daily News
• Al Jazeera
• The Verge

Original Submission #1  Original Submission #2 

1. "Fnord666" - https://soylentnews.org/~Fnord666/
2. "including harassing women" - https://arstechnica.com/information-technology/2017/01/martin-shkreli-harasses-teen-vogue-writer-has-twitter-account-suspended/
3. "Nelson HaHa" - https://www.youtube.com/watch?v=rX7wtNOkuHo
4. "ArsTechnica" - https://arstechnica.com/tech-policy/2018/03/martin-shkreli-sentenced-to-7-years-in-prison-for-fraud/
5. "-- OriginalOwner_" - http://tinyurl.com/OriginalOwner
6. "reports" - http://fox5sandiego.com/2018/03/09/pharma-bro-martin-shkreli-cries-in-court-sentenced-to-7-years-in-prison/#content
7. "NY Daily News" - http://www.nydailynews.com/new-york/nyc-crime/sobbing-pharma-bro-martin-shkreli-years-prison-article-1.3865111#ra-headline
8. "Al Jazeera" - https://www.aljazeera.com/news/2018/03/bro-martin-shkreli-sentenced-years-180309201143036.html#articlestoptopic
9. "The Verge" - https://www.theverge.com/2018/3/9/17097116/martin-shkreli-fraud-sentencing-prison?PoorUseOfAccessibilityFeatures#y6lhyi
10. "Original Submission #1" - https://soylentnews.org/submit.pl?op=viewsub&subid=25280
11. "Original Submission #2" - https://soylentnews.org/submit.pl?op=viewsub&subid=25273

printed from SoylentNews, Sobbing Martin Shkreli Sentenced to 7 Years in Prison for Defrauding Investors on 2024-04-23 21:05:52