Shkreli apologizes for Hillary Clinton post, calling it 'poor judgment'

Former drug company executive Martin Shkreli stands with his attorney Benjamin Brafman after exiting U.S. District Court upon being convicted of securities fraud in the Brooklyn borough of New York City U.S

Shkreli apologizes for Hillary Clinton post, calling it 'poor judgment'

US District Judge Kiyo Matsumoto made the call Wednesday evening after hearing arguments from federal prosecutors who claimed Shkreli posed a "danger to the community".

"It never occurred to me that my awkward attempt at humor or satire would cause Mrs. Clinton or the Secret Service any distress".

Shkreli, a former portfolio manager and pharmaceutical executive, was convicted on August 4 of two counts of fraud and one count of conspiracy for misrepresenting the financial state of his hedge funds to investors. He emphasized that he "never meant to cause alarm or promote any act of violence whatsoever".

Michael Bachner, a leading NY criminal defense lawyer, earlier Wednesday told CNBC he did not believe Shkreli should have his bail revoked.

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"There is a difference, however, between comments that are meant to threaten or harass and comments - albeit offensive ones - that are intended as political satire or strained humor".

Shkreli has said he feels "exonerated" despite his conviction and thinks there's a "50-50 chance" he won't face any punishment. Twitter banned him from its platform in January for harassing a female journalist, another incident prosecutors cited in their motion to revoke his bail.

"Another example of political hyperbole is when President Donald Trump, as a candidate, caused a controversy a year ago by implying that "Second Amendment people" could prevent former Secretary Clinton from abolishing their right to bear arms".

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

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Last month, Shkreli was found guilty on three out of eight federal charges for deceiving his investors of his hedge funds.

During his trial in the investment case, Shkreli's courtroom antics got him in trouble with the judge. Prosecutors had complained Shkreli's comments - including mocking them as the "junior varsity" - were inappropriate and count taint the jury pool. Shkreli lied to obtain investors' money then didn't tell them when he made a bad stock bet that led to massive losses, prosecutors argued.

Since his conviction, the loquacious executive has kept an active - and combative - online presence.

The most recent bid is for $1,001,300 - a potential loss for Shkreli.

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