'Pharma bro' Martin Shkreli has been sentenced to 7 years in prison

'Pharma bro' Martin Shkreli has been sentenced to 7 years in prison

'Pharma bro' Martin Shkreli has been sentenced to 7 years in prison

No, instead, the crime Shkreli has been convicted of is defrauding investors on two different hedge funds, as well as for attempting to manipulate the stock price of his pharmaceutical company, Retrophin.

Is "Pharma Bro" Martin Shkreli a master manipulator who conned wealthy investors or a misunderstood eccentric who used unconventional means to make those same investors even wealthier?

"The one person to blame for me being here today is me", Shkreli told the judge.

A USA prosecutor, Jacquelyn Kasulis, said that the image of a troubled young man belied Shkreli's arrogance and contempt for the legal process, along with sometimes vicious comments before, during and after the trial.

His actions prompted a rebuke from Hillary Clinton, then running for U.S. president, who said she would crack down on drug pricing if elected - a pledge that wiped tens of billions of dollars from the value of biotech stocks.

"This is an interesting man with great potential", said Brafman, who told the judge he had his "begging voice" on. He also read from a letter from Shkreli's older brother, who wrote "I think Martin may be hard to understand simply because there really is no one else like him".

"This case is not about Mr. Shkreli's self-cultivated public persona ... nor his controversial statements about politics or culture", Matsumoto said.
He also offered a $5,000 reward for someone who could get a lock of Hillary Clinton's hair while she was on a book tour.

Shkreli, 34, was convicted last August after a five-week trial of securities fraud and conspiracy.

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At Friday's sentencing hearing, he said: "Prison has been a heartbreaking experience".

She said the judge had to consider his history and said he had "no respect whatsoever" for the law, or the court proceedings.

By all accounts, Shkreli deserves to do time.

Shkreli was at the head of the company Turing Pharmaceutical in 2015, when the firm bought the rights to the anti-parasitic drug Daraprim.

Prosecutors wanted at least 15 years for Shkreli, while defense attorneys asked for no more than 18 months. I was across the street from 9/11; I've built businesses from zero to hero, many times over.

On Monday, Matsumoto ordered Shkreli to pay back US$7.36 million to federal authorities, an amount they can recover by seizing his assets.

"This was a witch hunt of epic proportions", Shkreli said at the time, even if "one or two broomsticks" were unearthed. His father, who sat on the front row of the courtroom throughout the more than four-week trial, looked at the floor as Matsumoto repeatedly testimony that he had been physically and emotionally abusive and that Shkreli has received little support from his parents.

She allowed prosecutors to go after Shkreli's Picasso painting and his hip-hop crown jewels - a copy of Lil' Wayne's "Tha Carter V" and a single-edition cut of the Wu Tang Clan's "Once Upon a Time in Shaolin", which reportedly cost $2 million.

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