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‘Pharma Bro’ Martin Shkreli Found Guilty of Fraud

Martin Shkreli was convicted of three counts of securities fraud in court today.

His sentence could be 20 years in prison, but experts think he’ll get much less.

Shkreli shook his head in disbelief when the first guilty verdict was announced. His father sat behind his son in the front row and put his head in his hands as the verdict was read.

“We’re delighted in many ways,” Shkreli said outside the courtroom, saying he was glad to be exonerated on five of the eight charges levied against him.

The hedge fund manager became infamous as the CEO of Turing Pharmaceuticals when he acquired the manufacturing license for the medication Daraprim. Often used to treat people with HIV/AIDS, he raised its price from $13.50 per pill to $750. He also purchased the sole copy of the Wu-Tang Clan album, Once Upon a Time in Shaolin, for $2 million. He also suspected Hillary Clinton had Parkinson’s during the 2016 Presidential Election, was kicked off Twitter for harassing a reporter, and was so detested and vain that he auctioned the chance to hit him in the face.

He was arrested in December of 2015 on eight charges of securities fraud, and his trial began in June.

[Via Washington Post]

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