'Pharma Bro' Martin Shkreli Sentenced to 7 Years in Prison for Fraud

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"I took down Martin Shkreli with my disgraceful and shameful actions", he said.

Today, Friday 9 March, marks the "day of reckoning" for Martin Shkreli - the USA's "most hated man" aka "Pharma Bro" - with his sentencing due from US District Court Judge Kiyo Matsumoto, the world will soon learn the fate of the disgraced pharma exec. And as Dominic Rushe reports in The Guardian, it may be Shkreli's arrogance that may land him a more lengthy sentence in the end.

During his sentencing on Friday in Brooklyn federal court, Shkreli, 34, broke into tears and pleaded with the judge for leniency.

Former pharmaceutical executive Martin Shkreli after the jury issued a verdict at the U.S. District Court for the Eastern District of NY in Brooklyn on August 4, 2017. Shkreli is also notorious for a price-gouging scandal after he raised the price of the lifesaving drug Daraprim by 5,000 percent, from $13.50 per pill to a staggering $750.00 per pill.

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Prosecutors were seeking 15 years prison, arguing that Shkreli had showed no remorse for his actions and pointing to his provocative and weird statements posted on social media.

"What motivates Martin Shkreli is his own image", Kasulis said.

Shkreli seemed to treat the case like a big joke.

The judge ruled earlier this week that Shkreli would have to forfeit more than $7.3 million in a brokerage account and personal assets including his one-of-a-kind Wu-Tang Clan album that he boasted he bought for $2 million. After his arrest in December 2015, he taunted prosecutors, got kicked off of Twitter for harassing a female journalist, heckled Hillary Clinton from the sidewalk outside her daughter's home, gave speeches with the conservative provocateur Milo Yiannopoulos and spent countless hours livestreaming himself from his apartment.

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"There are times when I want to hug him and hold him and comfort him and there are times I want to punch him in the face", lawyer Ben Brafman said, per Bloomberg News. Afterward, he tweeted that the lawmakers were "imbeciles".

Shkreli was granted bail after his conviction but he landed back in jail in September when he offered a $5,000 bounty for a strand of hair from former presidential candidate Hillary Clinton.

The price hike sparked a public backlash that landed him on Capitol Hill, testifying about drug prices.

Other testimonials were as quirky as the defendant himself. She said it was clear he is a "tremendously gifted individual who has the capacity for kindness". One woman described how she became an avid follower of Shkreli's social media commentary, which she described as being "on par with some form of performance art".

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