Martin Shkreli's Lawyer: Sometimes I Want to Punch Him in the Face

Former Pharmaceutical Executive Martin Shkreli Set to Learn Fate Friday

"Pharma Bro" Martin Shkreli, who made headlines around the world when he jacked up the price of a life-saving AIDS drug, has been sentenced to seven years in prison for defrauding investors in two of his failed hedge funds.

The 34-year-old was convicted in August of lying to investors in his hedge funds and manipulating shares in Retrophin Inc.

His attorney argued that he deserved 18 months or less and shouldn't be punished for being outspoken.

"I'm one of the richest New Yorkers there is, and after today's outcome, it's going to stay that way", he said.

Prosecutor Jacqueline Kasulis slammed Shkreli as an unrepentant fraudster who cares only about himself and his supersized ego.

She said it was clear he is a "tremendously gifted individual who has the capacity for kindness".

What we're seeing is a man getting sentenced to long stay in Federal Prison for being a supreme asshole who also did a dumb fraud.

The judge, Kiyo Matsumoto, said her decision did not have to do with Shkreli's reputation, track record with drug pricing, or politics.

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.

Shkreli's fraud predated the price gouging controversy and this trial would have gone largely unnoticed but for his status as an worldwide pariah.

A judge wiped that shit-eating grin right off Martin Shkreli's face.

But she did say his conduct after the verdict made her doubt the sincerity of his remorse.

In 2015, Turing acquired the manufacturing license for Daraprim, a drug that is used to treat toxoplasmosis (the "crazy cat lady" disease) as well as complications of HIV, and raised the price from $13.50 to $750 per pill.

The judge insisted the punishment was not about Shkreli's online antics or raising the cost of the drug.

He continued: "She has great discretion as to the sentence she imposes; she could recognise that he is a first offender and give him modest time". A House of Representatives oversight committee also subpoenaed Shkreli in 2016 as part of an investigation into accusations of profiteering.

Judge Matsumoto read letters from Shkreli's family and supporters who rallied on his behalf.

Lawyers for the government had requested a 15-year minimum sentence, more than double the jail time ultimately imposed by Matsumoto.

Matsumoto 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.

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