POPSUGAR

"Pharma Bro" Martin Shkreli Convicted of 3 Counts of Securities Fraud, Now Faces Prison Time

Aug 5 2017 - 11:00am


On Aug. 4, antagonistic internet personality and former pharmaceutical company CEO Martin Shkreli was found guilty on three of the eight charges he was facing, Reuters reports [1]. In front of a Brooklyn courtroom after the verdict was read, Shkreli echoed President Donald Trump [2]. "This was a witch hunt of epic proportions. Maybe they found one or two broomsticks," he said.

The man known as Pharma Bro was behind a 5,000 percent price hike of a lifesaving AIDS drug in 2015, and though that crime against humanity wasn't among the court's eight charges, it's how he first garnered public notoriety. He didn't crawl under a rock after he was ousted, though. From buying an unreleased Wu Tang Clan album for $2 million dollars [3] to live streaming basically his entire life [4], the attention-starved egomaniac went on to provide years worth of internet fodder and garner near-universal hatred from the American public.

Shkreli faces up to 20 years in prison for his convictions.


Source URL
https://www.popsugar.com/news/Pharma-Bro-Martin-Shkreli-Found-Guilty-Securities-Fraud-43837751