Farewell, Martin Shkreli: ‘Pharma Bro’ Convicted on 3 Counts of Fraud and Conspiracy – Complex

This may be goodbye for MartinShkreli. The34-year-old "PharmaBro"was foundguilty on two counts of securities fraud and one count of conspiracy to commit fraud at a federal court in Brooklyn.He faces up to 20 years in prison.

Shkreliwas convicted of only three out of eight counts. The charges stem from his time managing the hedge funds ofMSMBCapital Management and MSMBHealthcare between 2009 and 2014. The government has said thatShkrelidefrauded investors and stole upwards of $11 million from his companyRetrophinto pay the defrauded investors back.Shkrelidid not testify. The deliberation took five days.

The trial was an odd one:Shkrelireportedly read a book during the prosecutions rebuttal argument; the defense talked about how Shkrelibrushed his teeth often due to his anxiety; and Shkreliheldlivestream sessions after court.

Prosecutor Jacquelyn Kasulisremarked that the trial "has exposed MartinShkrelifor who he really isa con man who stole millions." Following the verdict,Shkreli told reporters, "This was a witch hunt of epic proportions."

"PharmaBro"Shkrelicame into the national spotlight in 2015 after his companyTuring Pharmaceuticals inflated the price of life-saving AIDS medicationsby more than 5,000 percent.Shkreli, a noted bad and terrible human being, has been in the news for doing a variety of bad and terrible things. From trying tobuythe gun George Zimmerman used to killTrayvonMartin to harassingwomen online to a very long list that I'm not even going to get into.

Though Shkreli is facing up to 20 years in prison, it's likely he'll receive, and serve, less than that.

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Farewell, Martin Shkreli: 'Pharma Bro' Convicted on 3 Counts of Fraud and Conspiracy - Complex

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