'Pharma Bro' declares victory despite guilty verdict

'Pharma Bro' declares victory despite guilty verdict

'Pharma Bro' declares victory despite guilty verdict

He looked over quizzically at one of this lawyers, Marc Agnifilo, each of the three times that Judge Kiyo Matsumoto interrupted a set of "not guilty" announcements she was reading off of the jury's verdict sheet with a "guilty" one.

Shkreli was accused of securities and wire fraud related to two hedge funds he ran, MSMB Capital and MSMB Healthcare.

The former biotech CEO, nicknamed "Pharma Bro", is best known for hiking up the price of a life-saving drug and for trolling his critics on social media.

Embattled former pharmaceutical CEO has been convicted on federal charges he lied to investors in two failed hedge funds.

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Shkreli's lawyer, Benjamin Brafman, described him as someone who "travels to the beat of a very unique drummer". Arguably the most hated white-collar criminal in history, 34-year-old Shkreli came to public attention last year when one of his pharmaceutical companies, Turing, purchased the rights to a prescription drug Daraprim and raised the price from $13.50 to a whopping $750 for a single pill - and publicly gloated over his reprehensible action. He said the Brooklyn jury that found him guilty him after five days of deliberation was "confused" about the accusations, calling the jurors "preposterous" and "absurd".

The Washington Post reveals that despite Shkreli's initial, shock-filled reaction, he's somehow seeing this as good news? That's what I'm afraid of: "not the facts, not the law, not the testimony, but that Martin Shkreli be swept out in the current that surrounds Martin Shkreli everywhere he goes".

Shkreli also shouted profanities and said "F**k "Pharma Bro" ..."

"Count seven was the government's attempt to theorize that I robbed Peter to pay Paul, and the jury has spoken conclusively that Retrophin was not defrauded in this case", Mr. Shkreli told reporters. "Some made ten times or more than that of their original investment after they did receive their settlements", Shkreli said after the verdict, thanking the jury for not convicting him of harsher charges as well as his legal team.

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The most serious count, securities fraud, carries a maximum prison term of 20 years.

Shkreli embraced his role as a villain, continuing on to do things like buying the only copy of a Wu-Tang LP with his huge riches while being one of the last people on Earth who deserves to own such a thing.

"I don't think it mattered to him - it was just what he thought he could get away with", said Richard Kocher, a New Jersey construction company owner who invested $200,000 with Shkreli in 2012.

Prosecutors charged Shkreli with eight counts of fraud for a Ponzi-like scheme, and the case kicked off at the end of June.

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Watch a live stream of Shkreli reacting to the verdict in the video at the top of the page. But hey, you've gotta take the wins where you can get them.

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