Executive, Health - Pharma Bro Goes To Jail
A judge revoked the bail of the former drug company CEO and so-called "Pharma Bro" Martin Shkreli for offering a US$5,000 bounty for a lock of Hillary Clinton's hair.
Through his lawyer, the notoriously smug Shkreli claimed he was only joking and apologized for his "poor judgment" and "awkward attempt at humor" earlier this week. But New York-based Federal Judge Kiyo Matsumoto said the offer made on Facebook "is a solicitation of assault. That is not protected by the First Amendment."
Matsumoto continued, "The fact that he continues to remain unaware of the inappropriateness of his actions or words demonstrates to me that he may be creating ongoing risk to the community."
Courtroom observers say Federal prosecutor Jacquelyn Kasulis was visibly upset with Shkreli's social media posts about the former US Secretary of State and other women. "I think this escalating pattern of violence against women is incredibly disturbing," she said. "He is reckless. He knows exactly what he is doing," Kasulis continued. "It is clearly beyond any reasonable doubt that Mr. Shkreli is a danger to the community. He's not special, by any stretch of the imagination."
Shkreli was free on bail pending sentencing after being convicted in August for cheating investors in two failed hedge funds, MSMB Capital and MSMB Healthcare. The maximum sentence is 20 years in prison. Shkreli was expected to get less than that when he is sentenced in January, but that was prior to his latest antics.
Shkreli first gained notoriety in 2015 for hiking up the price of a life-saving AIDS drug by 5,000 percent. It prompted widespread condemnation from business and political leaders, and from social media. Shkreli apparently enjoyed the attention; his subsequent trolling of his detractors in the media, combined with his incredibly punch-able face and smarmy, spoiled, frat boy demeanor earned him the nickname "pharma bro".