'Pharma Bro' sentenced to seven years in prison

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The former hedge fund manager and pharmaceutical executive famous for jacking-up the price of life-saving HIV medication, has been sentenced to seven years in prison for fraud.

Judge Kiyo Matsumoto sentenced Shkreli on the convictions in NY federal court Friday afternoon. He was convicted past year of lying to investors in two failed hedge funds.

Last August, Martin Shkreli, aka Pharma Bro, aka Big Pharma Douche, aka Just A Really Horrible Human Being, was convicted of two counts of securities fraud and conspiracy.

"The one person to blame for me being here today is me", Shkreli told the judge.

"What no doubt increased Mr. Shkreli's sentence was his egregious and reckless conduct before, during and after trial", said David Chase, a former prosecutor for the Securities and Exchange Commission.

His actions prompted a rebuke from Hillary Clinton, then running for United States president, who said she would crack down on drug pricing if elected - a pledge that wiped tens of billions of dollars from the value of biotech stocks. Another letter was from a man who said he met Shkreli while driving a cab and expressed his appreciation at how he ended up giving him an internship at one of his drug companies. I took down Martin Shkreli ...

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On Friday, judge Kiyo Matsumoto said the fraud case was not about Shkreli's "self-cultivated public persona". He's been jailed since September after he offered a $5,000 bounty for some of Hillary Clinton's hair. Shkreli seemed to revel in criticism, mocking his detractors and refusing to testify about his decision before US Congress. Shkreli did not visibly react as the sentence was announced. The defense said it was a joke, but Matsumoto ruled it could be seen as "a solicitation of an assault".

The $75,000 fine comes on top of $7.36 million in forfeiture Shkreli had already been ordered to pay following his conviction.

Shkreli's founded Turing Pharmaceuticals in 2015, shortly after which the company acquired anti-parasitic drug Daraprim.

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

His lawyer, Benjamin Brafman, argued against a lengthy sentence saying the prosecution had painted "a dark picture" of Shkreli. He may also still appeal his conviction and his attorney, Brafman, said that with "good time" he would be likely serve less than the total seven years. She spent a while going through the letters she received - against and in support - of Shkreli's character. He reportedly told the Associated Press that "he sometimes wants to hug his client and sometimes wants to punch him in the face".

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