Supervillain Martin Shkreli Sentenced to 7 Years in Prison, Weeps in Court

Angelica Greene
March 10, 2018

Shkreli did not visibly react as the sentence was announced.

But his trademark swagger was gone when he shuffled out of the courtroom in his navy blue prison jumpsuit.

"He wants everyone to believe that he is a genius, a whiz kid", Jacquelyn Kasulis, a prosecutor said, as she argued for a 15-year sentence. Lawyers for the federal government had asked for a sentence of 15 years in jail.

Shkreli had been convicted of securities fraud and conspiracy a month earlier. Shkreli's defense team is asking for much less, 12 to 18 months.

When considering Shkreli's sentence, Judge Matsumoto weighed the Pharma Bro's abusive childhood, problems with anxiety, and talent for scientific research against his negatives such as his foul-mouthed boasts, sophisticated financial deceptions, and threats to enemies when deciding on how many years to sentence him to prison.

He said "the only person to blame for me being here today is me".

The judge on Friday also imposed a $75,000 fine apart from the $7.4 million forfeiture that she on Monday ruled Shkreli must pay. "It could've been a lot worse".

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The Sheepshead Bay native transformed into a global pariah in September 2015, when he hiked the price of Daraprim by 5,000%, to $750 per pill. The drug is used to treat a strain of pneumonia for people with weakened immune systems, including HIV patients.

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The judge said the property would not be seized until Shkreli had a chance to appeal.

Shkreli was convicted in August for crimes committed between 2009 and 2011, when he covered up heavy losses at his two hedge funds and then plundered cash from a biotech group to mask the problems.

Later, after the trial, Matsumoto revoked Shkreli's $5 million bail after he offered his Facebook followers money to pull a strand of Hillary Clinton's hair.

At his trial past year, Shkreli often wore a smirk and was chastised by the judge for his behavior, including for an incident in which he told reporters that the prosecutors on the case were "junior varsity".

Another letter was from a man who said he met Shkreli while driving a cab and expressed his appreciation at how he ended up giving him an internship at one of his drug companies. "He is a man who needs to take responsibility for his actions", she said.

'Pharma Bro' Martin Shkreli, 34, leaves court with his lawyer, Benjamin Brafman.

"He shouldn't be sentenced simply for being Martin Shkreli", Brafman said. He reportedly told the Associated Press that "he sometimes wants to hug his client and sometimes wants to punch him in the face". He quickly became known for his troll-ish antics, including his penchant for live-streaming sessions and the purchase of an ultra-rare Wu-Tang Clan album (which he was recently forced to forfeit, along with $7.3 million in a brokerage account). "I wanted to grow my stature and my reputation".

"I am here because of my gross, stupid and negligent mistakes I made".

Other reports by GizPress

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