‘Pharma Bro’ Martin Shkreli sentenced to seven years for defrauding investors  

From NBC News:

A Brooklyn federal judge dismissed the tearful plea for mercy from “Pharma Bro” Martin Shkreli and sentenced him Friday to seven years in prison for defrauding investors.

Shkreli, a snarky social media maven who infamously tried to squeeze AIDS patients by jacking up the price of a life-saving drug, wept as he apologized to the investors.

“This is my fault,” he said. “I am not the victim here… Please give me a chance to show what I’m capable of.”

But Judge Kiyo Matsumoto, who had the court officer pass Shkreli a box of tissues at one point, was unmoved by his pleading, although the sentence she handed out was far less than the 15 years prosecutors had been seeking.

Minutes later, Shkreli was marched out of the courtroom in handcuffs. He will get credit for six months he has already spent in jail and was also sentenced to three years of probation after his release and ordered to pay a $75,000 fine.

It was an ignominious turn for the fallen entrepreneur, whose attorney had asked Matsumoto to limit his prison sentence to 12 to 18 months.

“For years, Shkreli told lie after lie in order to steal his investors’ money, manipulate the stock market and enrich himself,” U.S. Attorney Richard Donoghue said. “He will now pay the price for repeatedly violating the trust placed in him by his investors, his employees and the public.”

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