Shkreli Was Convicted—Then Started Talking Trash

'Pharma bro' wasted no time
By Newser Editors and Wire Services
Posted Aug 5, 2017 5:34 AM CDT
Shkreli Was Convicted—Then Started Talking Trash
Martin Shkreli arrives at federal court in New York, Friday, Aug. 4, 2017. Jurors are starting their fifth day of deliberations at the federal securities fraud trial of the former pharmaceutical company CEO.    (Seth Wenig)

Less than an hour after a jury convicted Martin Shkreli of securities fraud, the so-called "Pharma Bro" was back at his New York City apartment doing what comes naturally: trash talking in a live-stream on YouTube, reports the AP. The brash former pharmaceutical CEO, who's still out on bail, joked he won't be going to a hard-core prison—"No shanks"—and predicted his acquittal on some charges Friday will help him recover tens of millions of dollars he claims he's owed from a drug company he started. "It doesn't seem like life will change much for Martin Shkreli," he said while drinking a beer and playing with his cat. "I'm one of the richest New Yorkers there is, and after today's verdict, it's going to stay that way."

Shkreli's trolling of his own trial has amused some onlookers. But legal experts say it could have serious consequences when it comes time for sentencing. "No real good can come from going on YouTube after a guilty verdict," says Robert Mintz, a former federal prosecutor now in private practice. US District Judge Kiyo Matsumoto likely will factor in any lack of remorse and contrition at sentencing in federal court in Brooklyn, adds a former federal prosecutor who once worked for a Securities and Exchange Commission task force. The 34-year-old defendant faces up to 20 years in prison for his conviction on the most serious counts, though the term could be much lower under sentencing guidelines. Shkreli's lawyer said he would argue for no jail time. No sentencing date was set. (More Martin Shkreli stories.)

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