'Pharma Bro' Martin Shkreli sentenced to seven years in prison

Ann Santiago
March 11, 2018

Shkreli will get credit for six months he has already spent in jail awaiting his sentencing. Another supporter said Shkreli's soft side was demonstrated when he adopted a cat from a shelter - named Trashy - that became a fixture on his livestreams. "He can't just be an average person who fails, like the rest of us".

"He wants everyone to believe he is a genius, a whiz kid, a self-taught biotech wonder", said prosecutor Jacquelyn Kasulis. Tears welled up in his eyes on Friday as he was sentenced to time behind bars for frauding investors out of millions through two shady hedge funds.

Shkreli's lawyer argued he shouldn't have to forfeit a dime because he ultimately made his rich investors richer. Shkreli also had to give up $7.3 million he had in a brokerage account and personal assets, including his one-of-a-kind Wu-Tang Clan album. Shkreli also was known for flossing his riches on social media, to which the judge acknowledged.

It wasn't the first time Shkreli courted notoriety online.

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?

Former drug company executive Martin Shkreli arrives at US District Court for the third day of jury deliberations in his securities fraud trial in the Brooklyn borough of New York, US, August 2, 2017.

Kasulis said Brafman was trying to portray Shkreli as "a child".

A U.S. 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.

"I am not the same person I was during the MSMB era", he said referring to his now dissolved hedge funds.

Shkreli, 34, remained hunched over and expressionless when the sentence was announced. In September past year, he took to social media to offer $5,000 for a strand of former presidential candidate Hillary Clinton's hair, a statement Matsumoto saw as a threat and ordered Shkreli to be placed in jail until he was sentenced. "I took down Martin Shkreli".

"There are times when I want to hug him and hold him and comfort him and there are times when I want to punch him in the face", Shkreli's lawyer Benjamin Brafman said.

Shkreli had been ridiculed for appearing to smirk throughout his trial.

Shkreli was granted bail after his conviction but he landed back in jail in September when he offered a $5,000 bounty for a strand of hair from former presidential candidate Hillary Clinton.

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