martin trial

buzzfeed.com
BREAKING: Martin Shkreli has been convicted on at least 3 counts of security fraud
Shkreli gained international attention because of his decision to raise the price of life-saving drug Daraprim from $13.50 to $750 per pill.
By Mary Ann Georgantopoulos

Mary Ann Georgantopoulos at BuzzFeed News:

Reporters at the Brooklyn courthouse said [Martin] Shkreli was convicted of at least three of eight counts.

Shkreli was charged with using the assets of new companies to pay off debts from his failed hedge fund, MSMB Capital Management. Prosecutors claimed that with regulators and auditors breathing down their necks, Shkreli and lawyer Evan Greebel used cash and stock from Retrophin — a publicly traded pharmaceutical company he founded in 2011 — to satisfy claims from his hedge fund investors.

Throughout it all, Shkreli was accused of doctoring financial reports to dupe investors and officials.

Prior to his December 2015 arrest, Shkreli earned international attention for his actions unrelated to the fraud case, mostly because of his decision to raise the price of life-saving drug Daraprim from $13.50 to $750 per pill.

Shkreli also has a brash social media presence, which led to his suspension from Twitter for harassing a Teen Vogue writer.

His five-week trial began with a complicated jury selection — hundreds of prospective jurors were dismissed as some referred to Shkreli as “the most hated man in America,” “the fact of corporate greed,” and “a snake.” Ultimately after three days of jury selection, five men and seven women were picked.

Shkreli himself did not testify during the trial. In a Facebook post, he quoted Jay-Z lyrics to justify why he did not take the stand.

#LockHimUp!