teknolojiarsivi.com May 21, 2018

Pharma Bro Martin Shkreli Has Been Sentenced To Seven Years In Prison

11 March 2018, 01:09 | Vickie Mathis

Martin Shkreli Ordered To Forfeit $7.36M In Assets, Including His Famous $2M Wu-Tang Album

Martin Shkreli's long strange tale could end with a decade in prison

On Friday, Shkreli's unique journey from a hedge fund rising star to Wall St bad boy took its most serious turn yet. Shkreli had not defrauded vulnerable people or spent their money on luxury homes or cars, he said.

"He can't be just an average person who fails, like the rest of us".

Judge Matsumoto took the opportunity to further humble Shkreli by reminding him of his cockier moments, like when he publicly boasted that he wouldn't spend a day in jail and the time he wrote "fuck the feds" in an email.

Shkreli began working on Wall Street at age 17 before establishing his own hedge fund at age 23.

Shkreli's defence attorneys disputed all of the charges and attempted to sway the jury with a simple rebuttal: his investors were wealthy and sophisticated and he ultimately made them richer. He quickly became known for his troll-ish antics, including his penchant for live-streaming sessions and the purchase of an ultra-rare Wu-Tang Clan album (which he was recently forced to forfeit, along with $7.3 million in a brokerage account).

Brooklyn Federal Court Judge Kiyo Matsumoto described Shkreli as a complicated figure - brilliant and generous, as well as scheming and deceptive. After buying the rights to Daraprim, Shkreli increased the price of the drug by over 55 times, - a single pill rose from $13.50 to $750.

Federal prosecutors had requested at least 15 years after Shkreli was convicted of securities fraud and securities fraud conspiracy.

Shkreli was born in Brooklyn to parents of Albanian and Croatian descent, who moved to USA from Montenegro. "I didn't agree with the eBay thing, but when I read his paragraph on why he did it, I kind of respected and understood what he said". "I think it is hard to claim victory when someone like Martin Shkreli is going to jail".

Shkreli has been in jail since September, when Matsumoto revoked his bail after he offered his social media followers $5,000 if they could bring him a hair from former U.S. presidential candidate Hillary Clinton. The drug is used to treat a strain of pneumonia for people with weakened immune systems, including HIV patients.

He reportedly plans to appeal the sentencing decision.

At his sentencing hearing, Shkreli apparently, and rather uncharacteristically, expressed contrition and shed enough tears that the judge called for the court officer to bring the defendant a box of tissues.

Shkreli's fraud predated the price gouging controversy and this trial would have gone largely unnoticed but for his status as an worldwide pariah.

Shkreli's high-profile legal saga is also not yet over.

Other News

Trending Now

Black Ops 4 shows up in new Gamestop leak
A leaked Gamestop listing has bolstered rumours that Activision's next Call of Duty title will be Black Ops 4 . Images from Gamestop's internal database found their way to Call of Duty fan site, Charlie Intel .

South Korea names envoys in bid to arrange US- North Korea talks
It demanded that Washington first accept it as a nuclear power before discussing ways of easing tensions on the Korean Peninsula. Trump has also threatened to use military force if diplomacy fails to end the nuclear crisis.

US imposes sanctions on Pyongyang over Kim Jong-nam's death
Previously, the Trump administration has said it would consider talks with North Korea if it conceded to "denuclearization". If it goes ahead, Kim Jong-un will be the first North Korean leader to step foot on South Korean soil since the end of war.

Spring Forward: Daylight saving time starts this weekend
A 2008 US Department of Energy study reported that daylight saving time reduces annual energy use by only about 0.03%. Florida will then join Hawaii and most of Arizona, the two places that are exempt from the Uniform Time Act of 1966.

Won't Tolerate Toppling of Lenin, Marx Statues: Mamata Banerjee
The Home Minister has appealed to political parties to ensure that those found desecrating statues are dealt with strictly. Prime Minister Narendra Modi has expressed his strong disapproval of statues being vandalised in parts of the country.

Serena ready for long-awaited return at Indian Wells
The tennis champion then wrote about how her fans can show support to her and also her charity, "I created my Serena Gold toned "S" pin.

Michigan Ends MSU's 13-Game Winning Streak
Turner hit another 3-pointer four minutes later that gave Tennessee (23-7, 13-5 SEC) its first lead since early in the first half. Rahkman made three 3-pointers, but none was bigger than one he hit with the shot-clock winding down with 2:45 to play.

Civilians Injured After Foreign Forces Targeted in Kabul Explosion
At the blast site in the Qabil Bay neighborhood, blood pooled on the pavement amid rubble in front of a destroyed building. A horse was also badly injured in the blast and had to be shot dead in the street, an AFP reporter at the scene said.

'Jessica Jones' Season 2 is a bit of an uphill climb
I'm sure it will get somewhere eventually but again, in the first five episodes , there's just no real sense of urgency here. The camera used to linger on Jessica's ideal , luminous skin and dark hair and eyes to make the contrast reflect her anger.

US' Tillerson says African countries should weigh Chinese loans carefully
Ethiopia declared a state of emergency in February to restore "law and order" after the prime minister, Hailemariam Desalegn, resigned suddenly .