Quantcast

Pharma Bro Martin Shkreli Has Bail Revoked, Heads To Jail - LEX18.com | Continuous News and StormTracker Weather

Pharma Bro Martin Shkreli Has Bail Revoked, Heads To Jail

Posted: Updated:
What's Trending/ MGN What's Trending/ MGN

By TOM HAYS

Associated Press

NEW YORK (AP) - Former pharmaceuticals company CEO Martin Shkreli had his bail revoked and was headed to jail Wednesday while awaiting sentencing for a securities fraud conviction.

A judge heard arguments about whether the provocative online antics of Shkreli, dubbed the Pharma Bro, were bad enough to put him behind bars and decided to have him taken into custody immediately.

A defense attorney had argued in court papers that Shkreli's recent offer to pay a $5,000 bounty for securing a Hillary Clinton hair with a follicle while she's on a book tour was merely a tasteless joke comparable to some of President Donald Trump's derisive comments, not a threat worthy of putting him behind bars.

"Indeed, in the current political climate, dissent has unfortunately often taken the form of political satire, hyperbole, parody or sarcasm," wrote the lawyer, Ben Brafman. "There is a difference, however, between comments that are intended to threaten or harass and comments - albeit offensive ones - that are intended as political satire or strained humor."

The attorney was responding to government filings last week that argued Shkreli's behavior was threatening enough to jail him while he awaits sentencing for his securities fraud conviction. Prosecutors said the posting prompted the Secret Service to use more resources because it ran the risk that many of Shkreli's social media followers would think he was serious.

Shkreli, who is best known for hiking up the price of a life-saving drug and for trolling his critics on social media, was found guilty last month on charges, unrelated to the price-fixing scandal, that he cheated investors in two failed hedge funds he ran. The defense had argued that investors got their original investments back and even made hefty profits.

Shkreli has said he feels "exonerated" despite his conviction and thinks there's a "50-50 chance" he won't face any punishment. He chatted with fans on his YouTube channel and sparred with a reporter after last month's verdict.

"In sum and substance," he said, "I feel exonerated."

(Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

WEATHER
MaxTrack Doppler
  • Most Popular StoriesMost Popular StoriesMore>>

  • Georgia Tech Student-Activist Shot Dead by Campus Police

    Georgia Tech Student-Activist Shot Dead by Campus Police

    Sunday, September 17 2017 7:54 PM EDT2017-09-17 23:54:09 GMT
    Georgia Tech Pride AllianceGeorgia Tech Pride Alliance
    ATLANTA, Ga. (NBC NEWS) - An engineering student who was also an LGBTQ activist was shot and killed by Georgia Tech campus police on Saturday night, officials said Sunday. The school identified the victim as Scout Schultz, 21, a fourth-year engineering student from Lilburn, Georgia, who police said was armed with a knife. Schultz, president of Georgia Tech's Pride Alliance, identified as non-binary and intersex and preferred to be referred to with they/them gender pronouns, according...
    ATLANTA, Ga. (NBC NEWS) - An engineering student who was also an LGBTQ activist was shot and killed by Georgia Tech campus police on Saturday night, officials said Sunday. The school identified the victim as Scout Schultz, 21, a fourth-year engineering student from Lilburn, Georgia, who police said was armed with a knife. Schultz, president of Georgia Tech's Pride Alliance, identified as non-binary and intersex and preferred to be referred to with they/them gender pronouns, according...
  • Farmer's Almanac Predicts Mild, Wet Winter

    Farmer's Almanac Predicts Mild, Wet Winter

    Monday, September 18 2017 12:03 PM EDT2017-09-18 16:03:58 GMT
    The Old Farmer's AlmanacThe Old Farmer's Almanac

    UNITED STATES (The Old Farmer's Almanac)-- Earlier this month the popular reference book The Old Farmer's Almanac published their 2018 edition. Included in it, of course, is the coveted winter weather prediction and it's not as bad as you'd think. Here's what they're expecting: Colder—But Not Colder Than Usual This winter is forecast to be much colder than last year’s, but—just like last winter—not colder than usual. In fact, a...

    UNITED STATES (The Old Farmer's Almanac)-- Earlier this month the popular reference book The Old Farmer's Almanac published their 2018 edition. Included in it, of course, is the coveted winter weather prediction and it's not as bad as you'd think. Here's what they're expecting: Colder—But Not Colder Than Usual This winter is forecast to be much colder than last year’s, but—just like last winter—not colder than usual. In fact, a...

  • Former County Attorney Faces Drug Charges

    Former County Attorney Faces Drug Charges

    Monday, September 18 2017 6:47 PM EDT2017-09-18 22:47:49 GMT
    BATH COUNTY, Ky (LEX 18) A former Bath County attorney who pleaded guilty to buying votes in Central Kentucky has been arrested on drug charges. Donald "Champ" Maze is charged with cocaine possession and evidence tampering after being pulled over Monday afternoon on I-64. Owingsville police say that they stopped him for driving recklessly.  Maze was convicted, sentenced, and served 21 months in federal prison for buying votes and lying to a grand jury. 
    BATH COUNTY, Ky (LEX 18) A former Bath County attorney who pleaded guilty to buying votes in Central Kentucky has been arrested on drug charges. Donald "Champ" Maze is charged with cocaine possession and evidence tampering after being pulled over Monday afternoon on I-64. Owingsville police say that they stopped him for driving recklessly.  Maze was convicted, sentenced, and served 21 months in federal prison for buying votes and lying to a grand jury. 
Powered by Frankly

© LEX18.com 2017, LEX18.com
A CORDILLERA COMMUNICATIONS Station
All rights reserved
Privacy Policy, | Terms of Service, and Ad Choices

Can't find something?