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'Pharma Bro' Martin Shkreli Found Guilty of 3 of 8 Charges, Including Securities Fraud (cnbc.com)

Posted by msmash on from the catching-up dept.

Former pharmaceutical chief executive Martin Shkreli has been found guilty of securities fraud. A New York City jury returned the verdict after five days of deliberations. From a report: Shkreli, 34, was convicted of some of the eight criminal counts that he had faced, which had included securities fraud and conspiracy to commit both securities fraud and wire fraud, after a more-than-month-long trial in Brooklyn, New York, federal court. Of the eight counts, Shkreli was found guilty of three. Those included conspiracy to commit securities fraud, and two counts of securities fraud. He was found not guilty of five counts, including those related to wire fraud. He faces up to 20 years in prison when he is sentenced.

5 of 146 comments (clear)

  1. Hey Martin!! by Anonymous Coward · · Score: 1, Informative

    Don't drop the soap BRO!!

  2. Brought it down on himself by Bruce+Perens · · Score: 4, Informative

    This is the Mr. Shkreli who Daraprim from $13.50 to $750/pill. Daraprim is an antiparasitic drug, used to treat pneumonia in conjunction with HIV, toxoplasmosis (sometimes called "mad cat lady disease") and another really nasty parasitic disease.

    When you do stuff like that, people look really closely at whatever else you are doing.

    It also led Imprimis to make a $1/pill replacement for the drug.

    --
    Bruce Perens.
    1. Re:Brought it down on himself by liquid_schwartz · · Score: 3, Informative

      Most of the elected representatives are my age or older. I went to school with kids who had been injured by thalidomide (hi Anthony, wherever you are!) They are going to be very careful about pharma.

      And yes, the pharma companies have the best government they could buy, I can't deny that either.

      I am fine with drug imports if they are what they say they are, and are made with compliance to health-based standards. But somebody has to audit all of them. There is no shortage of quacks and thieves.

      Simply get them directly from Canada or another 1st world country. This isn't as hard as it's made out to be if we look for solutions instead of excuses.

  3. Re:How sad by jwhyche · · Score: 4, Informative

    Isn't Karma a bitch?

    --
    I read at +2. If your post doesn't reach that level I will not see or respond to it.
  4. Re:Woot. by JohnFen · · Score: 5, Informative

    Because the goal of the justice system is supposed to be justice, not vengeance.