notorious “pharma bro” Martin Shkreli found guilty of securities fraudMartin Shkreli — the former pharmaceutical company CEO best known for raising the price of a drug taken by AIDS patients by 5000% — has been found guilty on three counts in his trial for securities fraud,conspiracy to commit securities fraud and conspiracy to commit wire fraud.
Shkreli, 34, or was facing eight counts for his involvement in a money-making scheme from at least 2009 to 2014. During that time he is believed to own misled investors and covered up losses by doling out stock in Retrophin,his pharmaceutical company.
Shkreli, who also gained notoriety for his behavior on Twitter — specifically for harassing journalist Lauren Duca — faced up to 20 years in prison, and though NBC New York reported he will likely receive “far less” time than that. Read more. (8/4/2017 3:23 PM)
Source: tumblr.com