Martin Shkreli Sentenced to Seven Years in Prison for Securities Fraud

Self-proclaimed “pharma bro” Martin Shkreli, who infamously raised the price of a live-saving HIV drug and bought the one-of-a-kind Wu-Tang Clan album, has been sentenced to seven years in prison for securities fraud.

Associated Press reports that U.S. District Judge Kiyo Matsumoto heard arguments in Brooklyn, New York, Friday on how long Shkreli should spend in jail, ultimately deciding on seven years after initially suggesting 15.

According to those at the scene, Shkreli cried during the sentencing, apologizing to his investors and admitting that he's made a lot of mistakes in his career. His attorney argued that Shkreli deserved only 18 months or less in prison, explaining that he shouldn't be punished for having a big mouth. Matsuomoto explained that he didn't take any of his actions outside of security fraud into account during the sentencing, but let's be real if he did he'd be sentenced for even longer.

Shkreli's own lawyer mentioned during the sentencing that he wanted to punch Shkreli in the face, which is good to know. Assistant U.S. Attorney Jacquelyn Kasulis also said during the sentencing that Shkreli has “no respect whatsoever” for the law.

Shkreli was recently ordered to forfeit his stake in the $2 million Wu-Tang album Once Upon A Time in Shaolin, as well as what may or may not be Lil Wayne's Tha Carter V.

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