'Pharma Bro' Martin Shkreli calls securities fraud conviction 'a witch hunt of epic proportions'

[TexasTowelie]

Businessman Martin Shkreli, once dubbed the “most hated man in America” for raising prices for critical drugs, was found guilty Friday of two counts of securities fraud and one of conspiracy in a federal court in Brooklyn.

The baby-faced and gutter-mouthed 34-year-old, often known as "Pharma Bro,” had been charged with eight counts of securities fraud and conspiracy to commit both securities and wire fraud. He was acquitted of five of the charges, including the most serious, which allowed Shkreli and his defense team to claim victory.

Prosecutors claimed that Shkreli ran what was effectively a Ponzi scheme, defrauding investors by exaggerating his own credentials – for example, claiming that he attended Columbia University. He used their money to capitalize a new drug company, Retrophin, which he then looted to pay them back, they alleged.

Shkreli was acquitted on the charges relating to Retrophin, but convicted of making fraudulent misrepresentations regarding two hedge funds he ran.

Read more: http://www.latimes.com/nation/la-na-shkreli-verdict-20170804-story.html

[meow2u3]

1. Where did I hear that "witch hunt" whining before?

Looks like the Toxic Tangerine isn't the only criminal who cries "witch hunt" when he gets caught.

[BigmanPigman]

6. He's a "mini me".

He also is acting like it is "no big deal" too. I wonder who he learned that from?

[tanyev]

2. True justice would be Trump and Shkreli locked up together with no one else to talk to.

[Hoyt]

3. Put him behind bars quick, before Trump taps him for Treasury or something

[TexasTowelie]

4. Shrkeli Joked after the trial that he was hoping for "Communications Director".

He wants to show off his "people skills".

[Sneederbunk]

5. No witch, but they found the warlock Marty, and that's you.

[Sneederbunk]

7. No witch, but they found the warlock Marty, and that's you.