martin-shkreli / 2 posts found

Pharma bro Martin Shkreli sent directly to jail, judge calls him ‘danger to society’

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Former pharmaceutical executive Martin Shkreli points as he exits the courthouse.Image: Drew Angerer/Getty Images The pharma bro is now the pharma inmate.  Martin Shkreli was called a “danger to society” on Wednesday by a judge, who then canceled his bond release and put him in jail, according to numerous media reports. Shkreli had been out on a $5 million bond following his conviction for securities fraud in early August.  SEE ALSO: Pharma Bro Martin Shkreli trolls journalists in the most menacing way Shkreli found himself back in court on Wednesday after publishing a Facebook post in which he called for […]

Martin Shkreli (a.k.a. Pharma Bro) found guilty of securities fraud

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Image: Drew Angerer/Getty Images The PharmaBro is now the PharmaCon. Martin Shkreli was found guilty of two counts of securities fraud and one count of conspiracy to commit securities fraud on Friday. He was found not guilty on five other related counts. Shkreli faces 20 years in prison, though he’ll likely be sentenced to a shorter stint. The date of the sentencing has not yet been set. Shkreli stood trial for eight total counts of securities and wire fraud stemming from his time running Retrophin, a pharmaceutical company he founded. He was accused of repeatedly lying to investors, then, scheming […]