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

Martin Shkreli

The trial had its weird turns - Shkreli once ambled into a press room to trash the case, and a gay investor testified that perhaps Shkreli talked of male trysts so he could ingratiate himself with the well-heeled man.

"The trial and six months in a maximum-security prison [awaiting sentencing] has been a frightening wake-up call".

Brafman, noting that he was old enough to be Shkreli's father, said his client had not always been easy to work with.

"He can't be just an average person who fails, like the rest of us". According to prosecutors, Shkreli "engaged in multiple schemes to ensnare investors through a web of lies and deceit".

In the two years since Federal Bureau of Investigation agents ushered him from his Manhattan apartment, Shkreli has gone from a rising star in the hedge fund world to Wall Street bad boy.

Shkreli's lawyer argued he shouldn't have to forfeit a dime because he ultimately made his rich investors richer. Shkreli also was known for flossing his riches on social media, to which the judge acknowledged. Shkreli's attorney, Benjamin Brafman, wrote in a court filing.

Before passing sentence in Brooklyn federal court, Judge Kiyo Matsumoto said: "This case is not about pharmaceutical pricing or Mr Shkreli's controversial statements or actions, nor his scientific aptitude".

Prosecutors said Shkreli's snarky, defiant jailhouse emails showed his apology was "a carefully constructed facade".

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Shkreli had also spoken about buying Lil B's then-unreleased Black Ken mixtape before reportedly acquiring Lil Wayne's endlessly delayed Tha Carter V LP.

Shortly after being found guilty, Shkreli had bragged about the verdict on his YouTube channel, saying that "A few months of jail doesn't scare me". "I remember that before the age of 6, he could quickly recall square roots, multiplication tables, the Periodic Table of Elements and do long division", she said.

"I wanted to grow my stature and my reputation", Shkreli said.

Before Matsumoto issued the sentence, Shkreli gave a tearful plea for leniency.

Perhaps the most absurd aspect of the proceedings concerns the fact that Shkreli is going away for ripping off other rich people and not for gouging the price of Daraprim, a drug used to treat infections related to HIV.

Shkreli earned a awful reputation after he bought the company responsible for Daraprim and immediately raised the drug's price by more than 5,000%.

During the course of the trial, Shkreli was removed from Twitter for harassing a journalist for Teen Vogue magazine. And after his conviction a year ago, the judge revoked his bail and jailed him when he said he would pay a $5,000 bounty to anyone who could get a lock of Hillary Clinton's hair while the Democrat was on a book tour.



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