Martin Shkreli tried for fraud - May face 20 years in prison.

https://www.reuters.com/article/us-usa-crime-shkreli-idUSKBN19H117

(Reuters) - Martin Shkreli, the pharmaceutical entrepreneur vilified as the "pharma bro" for raising the price of a life-saving drug by 5,000 percent, will go on trial on Monday for what U.S. prosecutors called a Ponzi-like scheme at his former hedge fund and a drug company he once ran.

Prosecutors have accused Shkreli of lying to investors in the hedge fund and siphoning millions of dollars in assets from biopharmaceutical company Retrophin Inc to repay them. He has pleaded not guilty.

The trial, which will be heard by U.S. District Judge Kiyo Matsumoto in Brooklyn, is expected to last four to six weeks.

Shkreli, a boyish-looking 34, outraged patients and U.S. lawmakers by raising the price of anti-parisitic drug Daraprim to $750 a pill, from $13.50, in 2015, when he was chief executive of Turing Pharmaceuticals.

The charges that led to his arrest in December 2015 are not related to Turing but focus on Shkreli's management at Retrophin and the hedge fund MSMB Capital Management between 2009 and 2012.

Prosecutors said Shkreli lied about MSMB's finances to lure investors and concealed devastating trading losses from them. They said he paid the investors back with money stolen from Retrophin, which he founded in 2011.

The criminal case has drawn attention in part because of Shkreli's refusal to lay low. He has continued to court the public eye, especially through social media, sometimes complicating his defense.

At a hearing last Monday, prosecutors refused to agree to Shkreli's request to reduce his bail by $3 million, which he said he needs to pay taxes and legal bills, pointing to his own public boasts about his wealth.

Since his arrest, Shkreli has flaunted purchases including a World War II-era Enigma code breaking machine, a Picasso painting and unreleased albums by Wu-Tang Clan and Lil Wayne.

In April, he offered $40,000 to a Princeton University student who solved a mathematical proof. In May, he pledged on Facebook to pay $100,000 for tips leading to the arrest of the person who killed former Democratic National Committee employee Seth Rich.

Shkreli was banned from Twitter in January for harassing a female journalist who wrote an op-ed piece for Teen Vogue criticizing President Donald Trump, whom Shkreli has supported.

Shkreli's attention-seeking has at times exasperated his lawyer, Benjamin Brafman, who urged Matsumoto last week not to give much weight to his client's "preposterous statements."

Bonus pic of his smug face:

 

[Mariposa Electrique]

https://www.reuters.com/article/us-usa-crime-shkreli-idUSKBN19H117



Bonus pic of his smug face:

Moral of the story: You can't get away with autism, ladies and gentleman......unless you're OPL.

 

[Ravenor]

Good.

 

[vertexwindi]

I hope he gets raped and killed in prison tbh

 

[From The Uncanny Valley]

I hope prison is a positive experience for this young lad

 

[Pikapool]

Oh big bubba will love that face in prison

 

[Ti-99/4A]

Moral of the story: You can't get away with autism, ladies and gentleman......unless you're OPL.

It doesn't matter who or what you are if you're fucking with your shareholders &/or investors money or not paying your taxes.

 

[melty]

I mean.... he obviously should go to prison but he's also an amazing troll so I have mixed feelings.

 

[CWCissey]

He's a rich fuck. He's not going to proper jail. He'll go to rich man prison at best.

 

[RI 360]

Shkreli did nothing wrong.

 

[millais]

I mean.... he obviously should go to prison but he's also an amazing troll so I have mixed feelings.

I think the best solution would be to let him continue livestreaming from prison.

 

[RJ MacReady]

Nick Denton learned the hard way that you can't be a smug, shit-eating prick to a jury and get away with it, so I wonder if Shkreli will have the presence of mind to humble himself. His public conduct since the beginning of this saga has already fucked up his defence by just about guaranteeing any jury will be poisoned, but it's still possible for him to slither through if he keeps his mouth shut.

 

[proteus4994]

Free Martin

 

[KimCoppolaAficionado]

I hope he gets what's coming to him. There isn't a lockup in the US that doesn't have die-hard fans of Ol' Dirty B, not even in rich people prison. He's getting shanked in the showers for being a weak motherfucker.

 

[Ineedahero]

Free Martin

Given his love of hip hop, I'm sure this will become a rallying cry for hype men to shout at concerts.

 

[CWCissey]

I hope he gets what's coming to him. There isn't a lockup in the US that doesn't have die-hard fans of Ol' Dirty B, not even in rich people prison. He's getting shanked in the showers for being a weak motherfucker.

I'd prefer that Martin gets raped in the showers and gets AIDS to be honest. Lovely bit of irony!

 

[Dysnomia]

His face is so punchable. Not surprised that he got into trouble with the law. If he loses everything he's gonna have to sell that one of a kind Wutang album.

 

[KimCoppolaAficionado]

His face is so punchable. Not surprised that he got into trouble with the law. If he loses everything he's gonna have to sell that one of a kind Wutang album.

He's actually stated that if it ever comes to that, he's going to have it destroyed (and its destruction is one of the conditions in his will). I just hope Wu-Tang calls in the legal clause in its sale that let's them heist it back using a crew consisting of Clan members and/or Bill Murray (yes, that's a thing. Look it up.)

 

[millais]

I thought he's already been releasing the album's tracks piecemeal on his livestreams all this time.

 

[Hodor]

Someone better rescue that Wu-Tang album before he destroys it in a temper tantrum.

I thought he's already been releasing the album's tracks piecemeal on his livestreams all this time.

The fucker never actually released the damn thing. He doesn't even like hip hop, apparently.