Friday, 9 March 2018

'Pharma bro' Martin Shkreli sentenced to 7 years in prison — says, 'This is my fault'

  • Convicted fraudster Martin Shkreli is sentenced for securities fraud related to two hedge funds he ran and to his former drug company Retrophin.
  • The notorious "pharma bro" gained infamy for raising the price of the drug Daraprim by more than 5,000 percent while running the company then known as Turing Pharmaceuticals.
  • Shkreli already has been ordered to forfeit almost $7.4 million, and give up his ownership of a one-of-a-kind Wu-Tang Clan album because of his crimes.
Source:  cnbc

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