Martin 'Pharma Bro' Shkreli Found Guilty of Three Charges

Martin Shkreli and attorney Benjamin Brafman arrive at the U.S. District Court for the Eastern District of New York

"Some made ten times or more than that of their original investment after they did receive their settlements", Shkreli said after the verdict, thanking the jury for not convicting him of harsher charges as well as his legal team.

A jury found that Shkreli cheated investors out of more than $11 million between 2009 and 2014 in a "Ponzi-like scheme".

After the verdict was announced, Shkreli tried to maintain a confident front, insisting that he won the outcome and had no regrets.

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

Sentencing in this case will not occur today.

This story will be updated as new information becomes available. He told "lies upon lies", according to Assistant U.S. Attorney Alixandra Smith, who said Shkreli claimed he had $40 million in one of his funds when he only had about $300.

Scientists prepare for rare phenomenon during total solar eclipse
Kentuckians will have some of the best seats in the house, but safely viewing the eclipse is important. The August total eclipse is hitting superstar status thanks to its high-profile path across the US.

Martin Shkreli has looted biotech companies and illegally obtain millions of dollar out of serval investors in his hedge funds.

During the trial, Shkreli ditched his lawyers and delivered an impassioned and ill-advised rant to the press, earning him a modified gag order from the judge.

The most serious count, securities fraud, carries a maximum prison term of 20 years. He is best known for raising the price of Daraprim - a 62-year-old drug primarily used to treat newborns and HIV patients - from $13.50 to $750 a pill.

Shkreli was dressed in a short-sleeve polo shirt and shook his head in apparent disbelief when the first guilty verdict was read.

Benjamin Brafman, Shkreli's lawyer, is also trying to maintain a confident front, although he admits some disappointment.

Shkreli was convicted after being accused of misleading investors about how he was using their money. "Because they recognized genius", Brafman said, adding that they had signed agreements that his client wasn't liable if they lost their money.

USA secretary of state expects progress in Ukrainian settlement
He brushed off the criticism of his management of the State Department. Tillerson took issue with those characterizations.

That increase sparked outrage from US lawmakers and patients - and earned Mr. Shkreli the nickname "Pharma bro".

He called the trial a "witch hunt of epic proportions".

Shkreli took to his live YouTube channel just about an hour after leaving court - with a cold bottle of IPA in hand - talking out his case with viewers.

"I'm going to focus not on what people say about me, I'm going to focus on how much more can I learn about medicinal chemistry", he said.

"I think we are delighted in many ways".

Shkreli appeared before Congress a year ago - but refused to answer almost every question that was put to him.

AMD RX Vega GPUs Finally Launched with Release Date and Pricing Info
Wong, who rates AMD shares Outperform, sees the parts taking share from competitors Nvidia ( NVDA ) and Intel ( INTC ). There are three RX Vegas being offered: the RX Vega; RX Vega; and RX Vega Liquid Cooled Edition.

Related News:

  • Venezuela's Ousted Attorney General Retreats on a Motorbike

    Venezuela's Ousted Attorney General Retreats on a Motorbike

    The national constituent assembly also declared that Ortega Diaz can not leave the country and that her assets have been frozen. Maduro, who has said he will use the Assembly to punish his opponents, planned to attend the opening session.
    Fresh Virgil van Dijk hope for Chelsea with Southampton furious at Liverpool

    Fresh Virgil van Dijk hope for Chelsea with Southampton furious at Liverpool

    Van Dijk - who is valued in the region of £60m - has not played for Southampton since January after sustaining an ankle injury. He added: "I would like to bring the boy and to persuade him that he's important for us and the club will not sell him".
    Mizuho Securities USA LLC Has $502000 Stake in Time Warner Inc. (TWX)

    Mizuho Securities USA LLC Has $502000 Stake in Time Warner Inc. (TWX)

    Stevens First Principles Investment Advisors increased its position in shares of Time Warner by 52.9% in the first quarter. On average, equities analysts predict that Time Warner Inc. will post $6.05 earnings per share for the current year.
  • CW to Air Supergirl and Arrow Crossover This Coming Fall

    CW to Air Supergirl and Arrow Crossover This Coming Fall

    Yes, the Girl of Steel herself got to participate, but we didn't get to see our other favorite heroes venturing to National City. Pedowitz said there's a chance that The CW could develop a show pegged to the character of Hope Mikaelson from "The Originals".
    Airport Delays Should Start To Ease As Terror Threat 'Disrupted And Contained'

    Airport Delays Should Start To Ease As Terror Threat 'Disrupted And Contained'

    Abdul Merhi was arrested in a series of police raids across Sydney , he was one of four men taken into custody. Mr Turnbull said the suspected plot was "advanced" and driven by "an Islamist extremist motivation".
    American Airlines addresses Qatar Airways' decision to drop investment plans

    American Airlines addresses Qatar Airways' decision to drop investment plans

    The Gulf carrier had expressed interest in purchasing as much as 10 percent of the Fort Worth, Texas-based airline, now the largest in the world.
  • OPEN FOR BUSINESS: DOJ Coming For Leakers, Sessions Says

    OPEN FOR BUSINESS: DOJ Coming For Leakers, Sessions Says

    Sessions on Friday said that "no government can be effective when its leaders cannot discuss freely with foreign leaders". "This culture of leaking must stop", Sessions said .
    Trump Still a Working-Class Hero, Democratic Poll Shows

    Trump Still a Working-Class Hero, Democratic Poll Shows

    The June 28 national poll found US voters reject GOP health plan more than 3-1; voters support gun background checks 94-5 percent. A new survey from Quinnipiac University found his approval rating stood at just 33 percent, a record low for Trump in the poll .
    Asus ZenFone 4 to be released on August 19

    Asus ZenFone 4 to be released on August 19

    The phone comes with 8GB of RAM coupled with 128GB of internal memory which can be further expandable via a micro-SD card slot. The head of marketing at Asus , Marcel Campos, seems too keen to hold off his excitement about the new phone launches.
  • Three shot at park in San Francisco on US West Coast

    Three shot at park in San Francisco on US West Coast

    A witness told NBC Bay Area a group of about five to six people wearing bandanas approached a group on a bridge at the park. Two people directly behind Hatter were struck by bullets, one in the head and one in the leg, he said.
    'The Dark Tower' TV Series Sets Glen Mazzara as Showrunner

    'The Dark Tower' TV Series Sets Glen Mazzara as Showrunner

    But with so many possibilities and subplots in the books, plans to create more movies based on these stories seemed very possible. And if the tower is ever destroyed, all the monstrous awfulness will run rampant over the universe and destroy everything in it.
    RBA Keeps Policy Rate Steady

    RBA Keeps Policy Rate Steady

    Housing prices have been rising briskly in some markets, although there are some signs that these conditions are starting to ease. The Australian Dollar extended its gains from Monday following better than expected Chinese Manufacturing PMI data from Caixin.


Most liked

Eric Bolling Suspended From Fox News Pending Investigation Results
Bolling asked on air if instead of saying "boots on the ground" it would be more appropriate to say "boobs on the ground". Bolling can often be seen aggressively defending Trump on the network, and his loyalty has been repaid.

Steph Curry shoots 74, calls Web.com Tour debut an 'amazing experience'
Many have tried and failed, and Curry faces a steep battle on Friday to make the cut, which is expected to fall at around two under.

Vijender Singh to take on Zulipikaer Maimaitiali in Mumbai today
Soldiers of India and China have been locked in a stand-off near the Sikkim sector for almost three months now. The Indian said his strategy would be responsive to how his opponent manoeuvres the bout.

Kyrie Irving Trade Reportedly of Interest to Detroit Pistons
But with Knight out for the season with a torn ACL, that deal has little appeal to Cleveland, and thus is unlikely to materialize. Cleveland may even want Jackson as well in a hypothetical deal, or a young prospect like Stanley Johnson.

Zimbabwe: Mugabe, 93, Jets Off to Iran for Rouhani's Inauguration
The new US sanctions could embolden Rouhani's conservative rivals who say the nuclear deal was a form of capitulation. Russia, one of the five world powers that brokered the nuclear deal, has agreed with Tehran.

Imran Khan says won't say anything derogatory against Ayesha Gulalai
The marriage received a lot of media attention since Reham Khan and Imran Khan both had previously been married and divorced. Ms Zareen claimed that the PML-N had used Ms Gulalai against Imran Khan as part of a well-hatched conspiracy.

McMaster pushes Cohen-Watnick, Iran hard-liner, out at NSC
The briefing was meant to bolster Trump's unsubstantiated claim that President Barack Obama ordered phones tapped at Trump Tower. McMaster has cleared her of the charges leveled against her this spring by members of the Trump administration, along with Rep.

Maria Sharapova doubtful for US Open with arm injury
She was competing as a wildcard in her fourth tournament after a 15-month doping ban. After scanning doctor advised me not to risk so as not to aggravate the injury.

The Transcript Of Trump's Call With Malcolm Turnbull Has Leaked
President, I think this will make you look like a man who stands by the commitments of the United States". The call, like the one with Peña Nieto, quickly became acrimonious. " I will be there again and again ".

1 suspected dead after Minneapolis school building collapses, 3 more unaccounted for
Fruetel said the investigation into the cause of the blast, which was preceded by the announcement of a gas leak, was continuing. And it's like, 'We're not going back until we get this guy out of here.' And we got him out, and they got him on a stretcher".

Jeff Flake: A Book By A Fake Conservative With No Conscience
Trump's campaign did deviate from a few conventional Republican positions - particularly on free trade and entitlements. Barry Goldwater , R-Arizona, a conservative icon and one of Flake's political role models.

Welcome, but too little, says India Inc on RBI rate cut
It is autonomous of the Finance Ministry and fixes policy rates and keeps inflation within the target of 4 per cent. Being the country's largest lender, 90 per cent of SBI's savings bank accounts have balances under Rs 1 crore.

Now Skype users can send money to each other via PayPal
After that, you'll have to log in using PayPal and once you send the money it'll even show up in your conversation. For sending money over Skype , the users must need to link their SKype and PayPal accounts together.

Bitcoin Eyes Highs as Fork Approaches
Bitcoin lacks an effective governance model to resolve contentious issues, and this is clearly deterring technological progress. Last week, the group behind Bitcoin Cash (BCC) said , "On August 1st, 2017, We the People will breathe new life into Bitcoin ".

Baseball Hall of Fame induction: Jeff Bagwell thanks Craig Biggio, Astros fans
Jeff Bagwell , who played his entire 15-year career for the Houston Astros , just wanted to be able to play pro baseball one day. For a little guy with not much speed, I truly appreciate that. "But I'm insanely glad that we have him to hang onto".