'Pharma Bro' Martin Shkreli Jailed After Facebook Post About Hillary Clinton
Once dubbed "The Most Hated Man in America" for jacking up the price of an HIV drug, the 34-year-old was convicted of securities fraud last month for mismanaging two investment funds.
Freed on a five-million-dollar bail while awaiting sentencing, Shkreli was hauled back into court to answer for having offered a $5,000 reward to anyone who would grab a strand of Clinton's hair.
His lawyer Benjamin Brafman -- who has painted his client as a misunderstood "genius" -- argued long and hard with US District Judge Kiyo Matsumoto against sending him to jail.
Shkreli himself had written to the judge apologizing for his "poor judgment" and insisting he "never intended to cause alarm or promote any act of violence whatsoever."
"It never occurred to me that my awkward attempt at humor or satire would cause Mrs. Clinton or the Secret Service any distress," Shkreli wrote.
But Judge Matsumoto decided otherwise, ruling that his online threats constituted "solicitation of assault" and posed a danger to the community.
"His bail was revoked and he was remanded to a detention facility," said Tyler Daniels, spokesman for the US Attorney's office in Brooklyn.
He will now remain in prison until his sentencing hearing, set for January 16 next year.
Shkreli is best known for ratcheting up the price of HIV drug Daraprim from $13.50 a pill to $750 overnight in 2015. Although that incident had nothing to do with his trial, so great was his notoriety that it was initially difficult to find an impartial jury.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
The New York Times › Finance › 5 months ago
A federal judge revoked Mr. Shkreli’s bail, sending the former pharmaceutical executive to jail after he offered $5,000 for a strand of Mrs...
TIME › 5 months ago
(NEW YORK) — Former pharmaceuticals company CEO Martin Shkreli had his bail revoked and was headed to jail Wednesday while awaiting sentencing for a...
NBC News › 5 months ago
Former pharmaceutical executive Martin Shkreli apologized Tuesday for offering his Facebook followers $5,000 to pull a hair from Hillary Clinton's...
Washington Post › Technology › 5 months ago
NEW YORK — The out-of-court antics of Martin Shkreli, the former hedge fund manager convicted of defrauding his investors, may finally be coming back...
Reuters › Politics › 5 months ago
(Reuters) - A U.S. judge on Wednesday ordered Martin Shkreli to be jailed while he awaits sentencing for securities fraud, citing a Facebook post in...
USA Today › Finance › 5 months ago
File photo taken in Aug. 2014 shows Pharma Bro Martin Shkreli, center, speaking after he was convicted on securities fraud charges in Brooklyn...
BBC News › 5 months ago
Judge Kiyo Matsumoto said a Facebook post in which Shkreli offered $5,000 for a strand of Hillary Clinton's hair showed he was a danger to the...
The Telegraph › 5 months ago
Martin Shkreli, the former pharmaceuticals company CEO who was once branded "America's most hated man", was headed to jail on Wednesday after...
Slate › 5 months ago
Pharma bro fraudster Martin Shkreli was jailed Wednesday after a federal judge revoked his $5 million bail in response to a Facebook post where...