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

A 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.

from Yahoo News - Latest News & Headlines https://yhoo.it/2p3KA0g
via Yahoo News