'Pharma bro' Martin Shkreli sentenced to 7 years in prison — says, 'This is my fault'
Dan Mangan | @_DanMangan
Published 1:56 PM ET Fri, 9 March 2018 Updated 5:35 PM ET Fri, 9 March 2018
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.
Notorious "pharma bro" Martin Shkreli made a sob-filled plea for leniency but ended up getting sentenced Friday to seven years in prison for federal fraud charges related to hedge funds and a drug company that he once ran.
"The one person to blame for me being here today is me," a choked-up Shkreli told a judge before she imposed the prison term in Brooklyn, New York, federal court.
"Not the government. There is no conspiracy to take down Martin Shkreli."
"I took down Martin Shkreli with my disgraceful and shameful actions."
"This is my fault. I am no victim here," Shkreli said, before breaking down into tears as he promised not to let his lawyer Benjamin Brafman down in his efforts to contribute to society.
"Do not feel bad for me," Shkreli told a packed courtroom that included supporters and family members, many of whom had written letters asking Judge Kiyo Matsumoto to spare him from a harsh sentence.
Sauce: https://www.cnbc.com/2018/03/09/pharma-bro-martin-shkreli-sentenced-to-7-years-in-prison.html