Pharma Bro Shkreli Jailed Over Clinton Hair Bounty

Judge revokes former pharmaceutical CEO's bail
By Michael Harthorne,  Newser Staff
Posted Sep 13, 2017 6:46 PM CDT
Pharma Bro Shkreli Jailed Over Clinton Hair Bounty
Marin Shkreli had his bail revoked and was sent to jail Wednesday after posting a $5,000 bounty for a strand of Hillary Clinton's hair.   (AP Photo/Richard Drew, File)

Martin Shkreli jacked up the price of a life-saving drug, bought the only copy of a new Wu-Tang Clan album, and committed securities fraud. But it was offering $5,000 for a strand of Hillary Clinton's hair that finally proved a bridge too far. Bloomberg reports a judge revoked the former pharmaceutical CEO's bail and ordered him immediately to jail Wednesday. Judge Kiyo Matsumoto ruled the 34-year-old Shkreli "may be an ongoing danger or risk to the community," according to CNBC. Shkreli had been out on $5 million bond following his conviction on securities fraud charges last month for which he faces up to 20 years in prison. He will now remain in jail until his scheduled sentencing on those charges in January.

Shkreli offered $5,000 for a strand of Clinton's hair on Facebook following his conviction. In response, the Secret Service opened an investigation and prosecutors asked the judge to revoke his bail. Shkreli struck a defiant pose online, posting on Facebook: "Come at me with your hardest because I haven’t seen anything impressive yet." But in a letter to the judge asking to be allowed to remain out of jail, Shkreli was apologetic, writing: "I used poor judgment but never intended to cause alarm or promote any act of violence whatsoever." While Shkreli's lawyers said the post was "political satire or strained humor," Matsumoto ruled it was basically a "solicitation of an assault" and not protected by the First Amendment, the AP reports. (Read more Martin Shkreli stories.)

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