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Anorak | Martin Shkreli convicted on 3 counts in fraud case

Martin Shkreli convicted on 3 counts in fraud case

by | 6th, August 2017

shrekli pharma bro

 

Martin Shkreli, aka ‘Pharma Bro’, has been found guilty of three felony criminal charges, including securities fraud. He was cleared of five other charges at a court in New York.

The Washington Post notes:

“We’re delighted in many ways,” Shkreli said outside the courtroom, saying he was glad to be exonerated on many of the charges. This was a witch hunt of epic proportions,” he said. “They may have found some broomsticks.”

What with this being America, Shkreli, 34, will most likely not serve any time in prison the maximum terms behind bars for his crimes is 20 years and just pay his way out.

The mixed decision perplexed many in the courtroom, including the 34-year-old Shkreli, who first drew widespread public scorn in 2015 for raising the price of a lifesaving drug by more than 5,000 percent.

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Posted: 6th, August 2017 | In: Money Comment | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink