Pharma Bro Martin Shkreli Gets 7 Years For Defrauding Investors

[Siwsan]

NEW YORK (Reuters) - Martin Shkreli, the former drug company executive who made headlines by jacking up the price of a lifesaving drug before he was found guilty of defrauding investors, was sentenced to 7 years and a $75,000 fine on Friday.

The sentence from U.S. District Judge Kiyo Matsumoto in federal court in Brooklyn, New York, was shorter than the 15 years asked for by prosecutors but much longer than the 12 to 18 monthsShkreli’s lawyers had sought.

Shkreli’s lawyer Benjamin Brafman told the judge before the sentencing that Shkreli, 34, suffered from depression and an anxiety disorder and was a “somewhat broken” person, whom the government wanted to “throw away.”

Assistant U.S. Attorney Jacquelyn Kasulis had said a 15 year sentence was justified in part because Shkreli’s crimes were not an “isolated lapse in judgment,” but a pattern of conduct including separate frauds for his two hedge funds and for his drug company Retrophin Inc.
more at:

https://www.huffingtonpost.com/entry/martin-shkreli-sentenced_us_5aa2d9b2e4b086698a9d9a82

[FakeNoose]

1. The $75,000 seems too light

.... but the HuffPo article says that's in addiiton to the $7.35 million that he's already forfeited for the various offenses.
So I guess his debt to society will be paid, after all!

[ProudLib72]

3. $10.4 million is what I read

In the end he is supposed to cough up $10.4 million to investors. My main question is, will he still have a punchable face in 2025 when he is released, or will there be no smirk?

[Egnever]

2. Well I wont shed a tear for him

But he is just a little fish in a sea of bad guys.

[Hortensis]

4. One of the more stupid ones. Bad luck also.

The press didn't make another profiteer nationally famous when his company cancelled production of an old antibiotic needed in every neonatal unit in the nation (too old and cheaply produced to justify devoting a factory to it). Or most of the other morally depraved scoundrels. This guy became a designated butt, but by his own actions.

[gratuitous]

5. Shkreli is somewhat broken, is he?

When I consider his gloating and smirking in the faces of the people he was killing, I'm afraid I find it difficult to gin up much sympathy when he gets a small measure of suffering and misery in return. The government wants to just "throw away" such a worthless excuse for a human being, Mr. Brafman? Please. There are dry river beds in the desert; fill them with your tears, counselor. Your client wasn't just throwing away the lives of others, he was lining his pockets with money drenched in their blood. Such a despicable person should be broken into a thousand teeny tiny pieces, so that there might be a chance of reassembling an actual, decent human being.