Pharma Bro Martin Shkreli Sentenced to Seven Years in Prison for Fraud

Pharma Bro Martin Shkreli Sentenced to Seven Years in Prison for Fraud

Martin Shkreli, former CEO of a US drug company, was sentenced on Friday to seven years and a fine of 75,000 USA dollars for defrauding investors.

Martin Shkreli, seen here after being convicted of defrauding investors in two hedge funds and in Retrophin Inc. on August 4, was sentenced Friday to seven years in prison by U.S. District Judge Kiyo Matsumoto.

Shkreli being forced to deal with the consequences of his actions (indirectly, since his seven-year prison sentence has nothing to do with abusing his Pharma Bro powers or harassing women, but hey, they got Al Capone on tax evasion and we all seem fine with it).

At Friday's hearing, Shkreli's lawyer, Ben Brafman, made his case for a lighter sentence, expressing his frustration with some of the things Shkreli had said, saying there were times he wanted to "punch him in the face". This is my fault. Shkreli, in making his plea for leniency, tearfully told the judge that "the one person to blame for me being here today is me". But more importantly than all that, it includes the lone copy of The Wu-Tang Clan's famously (and literally) one-of-a-kind album Once Upon a Time in Shaolin.

Shkreli did not visibly react as the sentence was announced.

A spokesman for the prosecutors declined to comment, but according to Reuters, a lawyer for Shkreli, Benjamin Brafman, said in an email that he was "disappointed by the ruling but still hopeful that the court will find it in her heart to impose a reasonably lenient sentence".

Martin Shkreli seated next to his lawyer in court wipes his face with a tissue
It's 7 years in prison for Martin Shkreli, convicted of fraud

The former CEO of Turing Pharmaceuticals has been in gaol since September, when Judge Matsumoto revoked Shrkeli's bail for offering a $US5000 ($6414) bounty for some of Hillary Clinton's hair on Facebook.

Prosecutors told the judge not to believe him. "Not once does Shkreli acknowledge that he lied to investors and committed fraud", prosecutors said. "There is no government conspiracy to take down Martin Shkreli".

The judge, Kiyo Matsumoto, said her decision did not have to do with Shkreli's reputation, track record with drug pricing, or politics. Shkreli often would boast online about buying the sole album for $2 million and being the only person in possession of the prized hip-hop heirloom.

In his tearful statement to the court, the man worth an estimated $27 million said his actions had nothing to do with money.

Early in the trial, Matsumoto chastised Shkreli for speaking with reporters where jurors might hear him after he strolled into a room full of media and called the prosecutors "junior varsity".

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