Tag: Martin Shkreli

‘Most hated man’ gets seven years in jail for defrauding investors

by Catherine Triomphe Agence France-Presse NEW YORK, United States (AFP) — Martin Shkreli, once dubbed the most hated man in America for ratcheting up the price of an HIV drug, was sentenced to seven years in prison Friday on charges of defrauding investors. The disgraced former pharmaceutical executive and hedge fund manager was convicted in August of conspiracy to commit securities fraud and two counts of securities fraud. Shkreli, who once led Turing Pharmaceuticals, became […]

Fraud trial of ‘Pharma Bro’ Shkreli wraps up in New York

by Jennie Matthew Agence France-Presse NEW YORK, United States  – Closing arguments got underway Thursday in the securities fraud trial of Martin Shkreli, a former hedge fund manager and pharmaceutical executive label “The Most Hated Man in America.” The 34-year-old, who hunched over in his chair and fiddled with his hair, risks being jailed for up to 20 years if convicted of lying to investors and running a Ponzi-like scheme across multiple firms. Shkreli allegedly stole […]