Martin Shkreli sentenced to 7 years on felony fraud convictions
Federal judge Kiyo Matsumoto in a Brooklyn court today sentenced Martin Shkreli to 7 years on three felony fraud convictions, ending a lengthy public spectacle in which the biotech exec managed to repeatedly enrage the public over his drug pricing schemes. He was convicted, though, on charges related to lying to investors in his hedge funds.
Shkreli’s attorney, Ben Brafman, had waged a skillful campaign to guard the defiant young exec, who, after making bail, wound up back in prison awaiting sentencing after the judge was angered by Shkreli’s bizarre offer of a $5,000 bounty on Hillary Clinton’s hair. The judge allowed 6 months credit for time served, leaving a long stretch for Shkreli behind bars.
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