Disgraced pharma CEO Martin Shkreli convicted of fraud

Marcus Newton
August 6, 2017

Shkreli called the case "bogus".

Martin Shkreli, the fast-playing wheeler and dealer who came to the nation's attention after exponentially hiking the price of a drug used by cancer and HIV/AIDS patients has just been convicted in his Federal fraud case. Shkreli played part of the album on the livestream while speaking to a reporter from the New York Daily News who visited his apartment during the broadcast. Which he also livestreamed, while sitting barefoot and drinking a beer (a Lagunitas India Pale Ale). He said the Brooklyn jury that found him guilty him after five days of deliberation was "confused" about the accusations, calling the jurors "preposterous" and "absurd".

"It's a complicated case". Prosecutors alleged that he had defrauded MSMB investors and later paid them with $11 million in unauthorized Retrophin assets. Brafman said. "I feel like a lifeguard, a lifeguard on a beach, not at a swimming pool".

"I think this verdict is a reasonably good verdict under the circumstances", Brafman said.

This credit-card skimmer was removed from a NY gas pump; it uses components scavenged from a cellular phone and a T-Mobile SIM to send the credit card details it harvests to its owners, who can retrieve them from anywhere in the world. "Fake news to me is an uneven, biased approach to news".

Prosecutors asserted that Shkreli ran what was viably a Ponzi conspire, swindling financial specialists by overstating his own particular accreditations - for instance, guaranteeing that he went to Columbia University.

"An administrative professional who uses Twitter name "@icterid" joked that Shkreli would be working at the White House soon", trolling a Shkreli post on Facebook last week that he was "in for comms director" after Anthony Scaramucci's short stint in that White House post.

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All through the jury consultations, Shkreli showed up generally certain and lighthearted, perusing books and here and there taking to online networking to remark working on this issue. He looked very tense and kept his arms crossed before the jurors walked into the room.

Shkreli was cleared on five other conspiracy counts. In this case, however, it wasn't increasing the price of the drug by 5,000 percent that got him in trouble.

Shkreli, looking perplexed, glanced over at his lawyer Marc Agnifilo.

Others were more straightforward about what the conviction means.

When she returned, the judge quickly set a schedule for legal papers to be filed on the question of how much money Shkreli might have to forfeit because of his conviction.

Nonetheless, Shkreli faces up to 20 years in federal prison.

And Shkreli isn't buying his title as the "Most Hated Man in America" - as he told one of the viewers who asked him if he believed he still fits the name.

Other reports by MaliBehiribAe

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