Pharma Bro Sentenced to Seven Years For Fraud
Karma finally caught up to one of the most hated men in the world. Martin Shkreli’s few years of fame have been filled with wild twists and turns. From the initial scandal to a series of strange events that ended with him being a convicted felon. Before we find out what’s going to happen to the Pharma Bro, let’s learn about how he got himself here in the first place.
Shkreli became infamous overnight in 2015 when he, as the founder and chief executive of Turing Pharmaceuticals, raised the price of the anti parasitic drug Daraprim from $13.50 to a shocking $750 per pill. The medication is intended to treat AIDS patients, specifically those with toxoplasmosis. This was met with massive amounts of criticism and legal issues.
While defending his decision, a lot of his free time went to virtual gaming where he became interested in possibly purchasing an online sports team. In another controversial move, he acquired the single print Wu Tang Clan album Once Upon a Time in Shaolin for $2 million, and then never released it for anyone else to hear. Pharma Bro, who had an estimated net worth of $40 million, then became an Internet Troll.
After being arrested at the end of 2015, he did his best to lawyer up for the trail. It began last year and in August he was found guilty on two counts of securities fraud. A couple months later his bail was revoked for soliciting assault online in a post directed at Hillary Clinton. Then, this week, he cried in court when he was finally sentenced to seven years in federal prison. And to really go full circle, he was ordered to forfeit $7.4 million in assets, including the one of a kind Wu Tang Clan album. Watch the video below to see Martin Shkreli in action…