Baz Ares
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- Feb 2, 2017
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Martin Shkreli, once dubbed "the most hated man in America," is now a convicted felon.
Shkreli, notorious for raising the price of a potentially life-saving drug by 5,000 percent, was found guilty Friday of defrauding investors in two hedge funds and in Retrophin Inc., a pharmaceutical company he co-founded.
He is now almost certain to go to prison. Shkreli faces as long as 20 years behind bars, although he’s likely to serve much less. U.S. District Judge Kiyo Matsumoto allowed him to return home and wished Shkreli well after the verdict was read. She said she would see him soon, though she hasn’t set a date for sentencing.
“This was a witch hunt of epic proportions,” a smiling Shkreli, flanked by his lawyers, told reporters outside the Brooklyn, New York, courthouse following the verdict. “Maybe they found one or two broomsticks but at the end of the day we’ve been acquitted of the most important charges in this case.”
Shkreli Decries ‘Witch Hunt’ After Convicted of Securities Fraud
LOL! Got Him!
Shkreli, notorious for raising the price of a potentially life-saving drug by 5,000 percent, was found guilty Friday of defrauding investors in two hedge funds and in Retrophin Inc., a pharmaceutical company he co-founded.
He is now almost certain to go to prison. Shkreli faces as long as 20 years behind bars, although he’s likely to serve much less. U.S. District Judge Kiyo Matsumoto allowed him to return home and wished Shkreli well after the verdict was read. She said she would see him soon, though she hasn’t set a date for sentencing.
“This was a witch hunt of epic proportions,” a smiling Shkreli, flanked by his lawyers, told reporters outside the Brooklyn, New York, courthouse following the verdict. “Maybe they found one or two broomsticks but at the end of the day we’ve been acquitted of the most important charges in this case.”
Shkreli Decries ‘Witch Hunt’ After Convicted of Securities Fraud
LOL! Got Him!