Martin Shkreli, the eccentric former pharmaceutical CEO notorious for a price-gouging scandal and for his snide "Pharma Bro" persona on social media, was convicted Friday on federal charges that he deceived investors in a pair of failed hedge funds.I gather that the "He Only Stole From the Rich" defense didn't work for him. I wonder if the judge will increase his bond (or revoke it outright), as he's a hell of a flight risk.
A Brooklyn jury deliberated five days before finding Shkreli guilty on three of eight counts. He had been charged with securities fraud, conspiracy to commit securities fraud and conspiracy to commit wire fraud.
I doubt he'll do a full 20 years, but a girl can dream.
And so much for him snarking that the prosecution lawyers were "junior varsity". They kicked his motherfucking ass.
3 comments:
Did you notice that, yesterday I believe, ANOTHER Martin Shkreli faced the same judge, in the same courtroom, on some similar charges?
I'm going to go way out on a limb here and predict that Shkreli gets sentenced to between two and five years, stays out of prison for three years while his case is being appealed, and then ends up doing 18 months.
Unless, of course, some Trump-appointed appeals judge or judges decide that a short sentence is far too cruel for a young man who showed enterprise, ingenuity and a talent for making money in a free enterprise system, while ripping off nobody except people in a totally different case who deserved to die if they weren't enterprising enough to afford their medicine. These same Shkreli-ist traits might one day endanger some subtler right wing "businessmen," who contributes generously to the Republican party. Therefore, Shkreli gets let go on probation, with an apology from the appeals court for the rude interruptions to his life.
Yours very crankily,
The New York Crank
I found this in the comment section of a Crooks and Liars post:
https://uploads.disquscdn.com/images/b4f4371d1ddbe775acb96eec8647a95fa4769d6c307b7c1e2697f3a75255d78e.jpg
h/t: rd ca
-Doug in Oakland
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