As CEO of Turing Pharmaceuticals, he raised the price of Daraprim, a drug used to treat a parasitic infection, by more than 5,000%, earning him the nickname "pharma bro".
Shkreli cried as he told the judge that he made many mistakes and he apologized to investors. On Aug. 4, 2017, a jury found him guilty of three charges: securities fraud in connection with MSMB Capital, securities fraud in connection with MSMB Healthcare and conspiracy to commit securities fraud in connection with Retrophin.
Unapologetic from the beginning, when he was publicly criticised for increasing the price of the previously-cheap Daraprim to about $956 per pill, Shkreli seemed to drift through his criminal case as if it was one big joke. Brafman said that sometimes he wanted to give him a hug, but admitted that he could also be so aggravating "there are times when I want to punch him in the face". The judge apparently was unmoved, although the sentence is less than the 15 years the prosecution requested.
"I also want to make clear that Mr. Shkreli is not a child", Ms Kasulis said. So while we might enjoy the schadenfreude of watching Martin Shkreli get hauled off for a long stay at Club Fed, the asshole living inside of all of us should take a moment and wonder if this is a precedent we're really comfortable with on a cosmic level. I took down Martin Shkreli ...
"I do wish you well", Matsumoto said to Shkreli at the end of the hearing, then encouraged him to seek mental health treatment while incarcerated.
Marvel Head Confirms A 'Black Panther' Sequel Is Coming
Feige explained. " All in on stuff we believe in, before the audience tells us what they think". You can read the rest of Kevin Feige's interview over at Entertainment Weekly .
With a choking voice, he reiterated in court his remorse at the "shameful actions" that led to his downfall.
Shkreli insisted he was being persecuted by prosecutors for being outspoken and confidently predicted after his conviction that he was unlikely to be sentenced to jail.
The self-styled iconoclast was never far from controversy: he bought the sole copy of an album by Wu-Tang Clan, the rap group, for $2m; live-streamed his life over a YouTube feed; and aligned himself with the "alt-right", a loose political collective that espouses white nationalism.
In 2015, he purchased for US$2 million the sole edition of the ensemble's Once Upon a Time in Shaolin, which he put up for sale on eBay in September - while also threatening to "break this album in frustration". The once confident Shkreli was reduced to tearfully begging for "your honor's mercy" in a federal courtroom. Last week, Matsumoto ordered that Shkreli pay $7.36 million-an amount equal to what he made from his fraud.