'Pharma Bro' Martin Shkreli Sobs in Court as He's Sentenced to 7 Years in Prison
Shkreli was ordered to spend seven years in prison for securities fraud.
Self-promoting "Pharma Bro" Martin Shkreli has been sentenced to seven years behind bars for securities fraud.
The pharmaceutical executive infamous for trolling critics online and jacking up the price of a lifesaving drug, sobbed in court and apologized to investors.
"I want the people who came here today to support me to understand one thing, the only person to blame for me being here today is me," he said. "I took down Martin Shkreli," he told the judge in federal court.
The judge ruled earlier this week Shkreli will forfeit more than $7.3 million in a brokerage account and personal assets, including a Wu-Tang Clan album he said he purchased for $2 million.
Prosecutors said Shkreli, 34, was an arrogant manipulator who conned rich investors. His attorney argued for a sentence of 18 months, saying his client had repaid investors with stock he gave them from a drug company.
Shkreli was widely criticized for raising the price of HIV drug Daraprim by 5,000 percent.
Since his arrest in December 2015, he mocked the political and judicial process, heckling Hillary Clinton outside her daughter's home, and invoking his 5th Amendment right against self-incrimination when testifying before Congress members about his price hike of Daraprim.
Afterward, he called them "imbeciles."
Last year, the judge revoked his bail and ordered him to jail after he told online followers he would pay $5,000 to anyone who obtained a lock of Clinton's hair.
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