Follow Us

Terms of Use Privacy Policy

Martin Shkreli Sentenced to Seven Years in Prison

Martin Shkreli Sentenced to Seven Years in Prison A Brooklyn judge sentenced the "Pharma Bro" for defrauding investors in two failed hedge funds, according to reports. Judge Matsumoto found the losses from his crimes to total $10.4 million and ordered Shkreli to forfeit $7.4 million. He was also notoriously known for jacking up the price of a life-saving anti parasite drug by 5,000 percent. Shkreli has been locked up in a federal Brooklyn jail since September after judge Matsumoto revoked his $5 million bond. Far from his sentencing, Shkreli wrote a letter to the judge from jail, stating: I was a fool. I accept the fact that I made serious mistakes, but I still believe that I am a good person with much potential. I understand how I need to change.

Source: Inform News

Top Trending Videos