‘Pharma bro’ Martin Shkreli is imprisoned for 7 years

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Martin Shkreli came under fire in 2015 after buying the rights to 62-year-old drug Daraprim, which is used to treat conditions including AIDS-related toxoplasmosis, and jacking up the price to $750 a pill.

But even after becoming one of the most hated men in America, Shkreli managed to pull off a spectacular fall from grace, when he was arrested by the FBI, charged with fraud and sentenced to 7 years behind bars. Judge Kiyo Matsumoto emphasised: “This case is not about pharmaceutical pricing or Mr Shkreli’s controversial statements or actions, nor his scientific aptitude. “[It is about] repeated breaches of trust and repeated lies to his investors”. The former pharma boss wept in the New York courtroom as he begged the judge not to hold him captive. Asked about his actions, he said: “On the advice of counsel, I invoke my Fifth Amendment privilege against self-incrimination, and respectfully decline your question.” Asked about AIDS patients struggling to afford their medication, he said: “On the advice of counsel, I invoke my Fifth Amendment privilege against self-incrimination, and respectfully decline your question.” he asked a permission not to testify and reportedly even laughed when the charges were proclaimed.

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