Martin Shkreli sentenced to seven years in prison for securities fraud and defrauding investors

Martin Shkreli sentenced to seven years in prison for securities fraud and defrauding investorsA judge has sentenced former drug company executive Martin Shkreli, who was vilified for vastly increasing the price of a lifesaving drug, to seven years in prison over an unrelated conviction on securities fraud charges. Shkreli, who become known as the “Pharma Bro” because of his image of a cocky young investor with an abrasive manner, was also ordered to pay $75,000 (£54,150) on top of a previous $7.36m (£5.31m) forfeiture order – which had included a one-of-a-kind Wu-Tang Clan album that Shkreli boasted of buying for $2m (£1.44m). In calling for a more lenient sentence, Shkreli’s own lawyer had even admitted he wanted to “punch him in the face” at times.




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