'Pharma Bro' declares victory despite guilty verdict

Hats off to the courtroom sketch artists who drew “Pharma bro” Martin Shkreli as a ghoulish gnome

Former drug company executive Martin Shkreli, aka 'Pharma Bro', guilty of fraud

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.

Toyota takes stake in Mazda, links up for $1.6 billion US plant
The US President had previously attacked Toyota because it had planned to produce its Corolla model at a new plant in Mexico. In 2015, Toyota and Mazda agreed to find new areas where they can work together, but they had not announced specifics.

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.

Warriors' Steph Curry shoots a 74 in Web.com Tour event
And now the former NBA Most Valuable Player has added another feather to his cap - after making his professional golf debut. On the 15th fairway, Curry leaned on West, a member of Golden State's front office and son of Hall of Famer Jerry West.

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.

Suns willing to trade Dragan Bender as part of Kyrie Irving deal
But with Knight out for the season with a torn ACL, that deal has little appeal to Cleveland, and thus is unlikely to materialize. He is putting the Cavaliers in a really hard position for three reasons outside of losing their All-Star point guard .

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.

Latest News