One of Hip Hop’s most notorious proponents in recent years, “Pharma Bro” Martin Shkreli, was found guilty of fraud on Friday (August 4).
According to MSN, a Brooklyn jury deliberated for five days before finding Shkreli guilty on three counts. Shkreli was facing eight counts in total, ranging from securities fraud and conspiracy to commit securities fraud to conspiracy to commit wire fraud.
Prosecutors accused Shkreli of repeatedly misleading investors about what he was doing with their money. The Brooklyn native infamously spent $10,000 on JAY-Z tickets and $2 million on Wu-Tang’s album, Once Upon A Time In Shaolin.
In their closing arguments, Assistant U.S. Attorney Alixandra Smith said Shkreli told “lies upon lies,” while another prosecutor, Jacquelyn Kasulis, said the trial “has exposed Martin Shkreli for who he really is — a con man who stole millions.”
Shkreli’s lawyer Benjamin Brafman portrayed his client as a brilliant misfit who made his investors richer. He reportedly said Shkreli never intended to defraud anyone, and referred to him as an “honest kid.”
In 2014, Shkreli bought the rights to a life-saving drug and promptly raised the price from $13.50 to $750 per pill. After expressing their true feelings towards the defendant, several potential jurors were kept off the panel. One referred to Shkreli as a “snake” and another “the face of corporate greed.”
Shkreli was arrested in 2015 on charges he stole $11 million in stock and cash from another drug company he founded, Retrophin. He reportedly used the money to pay back the hedge fund investors, who took the witness stand on Friday to accuse Shkreli of not disclosing what was happening behind the scenes at the time.
More recently, Shkreli reportedly infuriated Lil Wayne after leaking snippets of Wayne’s long-awaited album — Tha Carter V — in May. In turn, Weezy threatened to sue Shkreli.
Although Shkreli didn’t testify in his frauds case, he took to Facebook to slam prosecutors and news outlets covering his case. “My case is a silly witch hunt perpetrated by self-serving prosecutors,” he wrote in a recent post. “Drain the swamp. Drain the sewer that is the (Department of Justice.)”
Bye shit head
I hope he gets a good 25 to life.
What’s the over/under on Marty doing 90 days or less, for “Rehabilitation purposes”?
ever been to the bootyhouse?
About damn time!
OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
Give up that Wu album
Big Shkreli is above the law, they cant lock this man down. #Shkrellife
Lmao drain the swamp that is entitled little shit stains like you which is about 90% of people aged 12-35
*pulls out drivers license and checks DOB…1980*
Phew!
Wu-Tang Karma LOL
good i hope the piece of shit get buttfucked in jail
yessssssss i hope this dork gets brutality assaulted everyday while hes in there..
The Michael Jackson nose kid?
Jordan meme in… 3,2,1… Fuck this dude. He deserves whatever comes his way and then some.
Wu-Tang Clan Ain’t Nothin To Fuck With
$13.50 to $750… He indirectly killed many ppl with that bullshit. Fuck this guy, may he rot in prison. He’s rich as shot so I’m guessing he’ll be untouched while he’s in there, but he deserves a good ol fashioned train run on him.
A train lmao
Anyone who couldn’t afford the medication got it for free. That’s what the media didn’t tell people. But he was legally obligated to raise the price that high, he had investors to his company that he is legally obligated to make the most money possible, and after running an economic supply and demand curve, it was determined that the greatest possible profit would be derived at $750. He did what he was legally obligated to do, I hate how the media made him out to be some scumbag.
Your answer is what’s wrong with the system. These things should have no place when it comes to health care. Fuck the investors, it’s about what is right and wrong and pricing out poor and sick ppl is disgusting. One reason insurance companies raise their prices is because drugs are way too expensive. So if someone has a condition that requires that pill (or any other) they either get 0 coverage or the price is jacked up. And even if ppl get the pill free, the hospitals don’t so somewhere along the line the price is fucking up the system. Someone has to pay for it, so whether you feel it or not, someone is taking the hit and screwing up the system.
You hate how the media made him out to be a scumbag?? He is a scumbag with videos to prove it. Martin Shkreli is a dickhead and he made himself look like that not the media smh.
he didn’t kill anyone
WE LOST ANOTHER REAL ONE! FREE MARTIN!
AND FREE YA MOMMA FROM THE DICK THAT’S IN HER MOUTH!!!! FUCKIN’ CRACKA!!!!
He didn’t do nothing!
Ctfu, stop trolling for some likes & say something interesting U dumb nut lolol smh. . .
But he didn’t do nothing, tho..
FUCKIN’ CRACKA!!!! THROW AWAY THE KEY ON THIS LOWLIFE SCUMAG!!!!
should be forced to spread them cheeks, but if given time, will prolly be at a country club.
black people are obsessed with butt sex
I’m white but I wouldn’t mind a black guy pounding me tbh
i wouldnt know either point of view. bokeem woodbine needs to tell him to get on his body.
I’m proud to be black, but no lie I love white women. If a fine black woman and a fine white woman wanted me equally, I’d choose the white broad. Sad, but that’s the reality of it. Trying to change but it’s hard.
So?
Karma catches up to us all, good riddance
lol @ you clowns on here. M-Shkr may be convincted but ain’t gonna do any serious time.
You call people idiots but can’t even spell ‘convicted’ properly. What a hypocritical douche!
Another corrupt, Trump supporting scumbag. Throw him in jail for as long as possible. Good riddance
No wonder he supports Don the Con. He’s just as bad!
He deserves prison time clown
Wtf is a “prison time clown”???
Glad this creepy little homo is getting time but in reality he will get a very light sentence, which makes this a joke
I read 20 years per county
We will offer a nice 360 deal no advance for his talents. #GettheSkrillalikeShkreli
Releasing the WU-TANG album should be included in his sentencing.