Sentencing date looming, a federal judge's ruling could leave Martin Shkreli in prison for years to come
When the notorious biotech exec Martin Shkreli was convicted on three counts of felony fraud last fall, he immediately boasted that he had skated clear of the worst charges, limiting him to no more than a light prison sentence at Club Fed that he would soon complete.
But with his sentencing looming on March 9, the judge in the case may be thinking something entirely different.
In a new ruling issued at the beginning of the week, Judge Kiyo Matsumoto decided that Shkreli’s actions resulted in losses of more than $10 million — and federal sentencing guidelines suggest that each of those millions could be punished with a year or more in prison.
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