Martin Shkreli Gets 7 Years in Prison

Martin Shkreli Gets 7 Years in Prison

Martin Shkreli, the smirking "Pharma Bro" vilified for jacking up the price of a lifesaving drug, has been sentenced to seven years in prison for defrauding investors in two failed hedge funds.

He was convicted last August of lying to his investors and trying to manipulate his company's stock prices.

When considering Shkreli's sentence, Judge Matsumoto weighed the Pharma Bro's abusive childhood, problems with anxiety, and talent for scientific research against his negatives such as his foul-mouthed boasts, sophisticated financial deceptions, and threats to enemies when deciding on how many years to sentence him to prison. Its essence is instead about "repeated breaches of trust" and "repeated lies to his investors".

One supporter said Shkreli demonstrated kindness by adopting a cat called Trashy, while another insisted his social media contributions were valuable and akin to "performance art".

"Please give me a chance to show what I'm capable of", Shkreli said in concluding his statement. "I know right from wrong".

During and after his trial, Shkreli's behaviour online exacerbated his plight.

The charges were unrelated to the drug scandal that made him nationally notorious and saw him dubbed "the most hated man in America".

She said it was clear he is a "tremendously gifted individual who has the capacity for kindness".

But his behavior in court and his threat to Clinton didn't help. She suggested those who were annoyed by it were missing the point.

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These include a Picasso painting and his unique copy of an album by rappers Wu-Tang Clan.

Shkreli was led out of the room in handcuffs after Judge Kiyo Matsumoto delivered the sentence. The prosecution has recommended he serve 15 years, while his defense team has said a shorter term is warranted. Shkreli's attorney Benjamin Brafman had been asking the judge for 18 months or less. I took down Martin Shkreli ... "I took down Martin Shkreli". Outside the court after the sentence, he added: "Could it have been worse?"

Assistant U.S. Attorney Jacquelyn Kasulis told the judge that the "public needs to be protected from Mr. Shkreli".

"He victimises people without thinking about it".

"And a man who believes the ends always justifies the means", prosecutors wrote, underlining the word always, according to CNBC. "He needs to be stopped".

And then there was this from Shkreli: "I was wrong". But the spectre of prison was never far from his mind.

Given that he spent most of his time before being jailed cooped up in his Manhattan apartment, he said he thought prison would be bearable.

"I have learned a very painful lesson".

John Coffee, director of the Center on Corporate Governance at Columbia Law School, said Shkreli would probably have been prosecuted even without the Daraprim controversy. "The hardest part is seeing the sad world around you".

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