Former drug company executive Martin Shkreli, aka 'Pharma Bro', guilty of fraud

A man named Martin Shkreli. This Martin Shkreli who is charged with money laundering was arraigned in the same courtroom and by the same judge as the Martin Shkreli

Former drug company executive Martin Shkreli, aka 'Pharma Bro', guilty of fraud

Former drug company CEO Martin Shkreli was found guilty Friday on three counts of fraud.

Less than an hour after a US 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.

Greebel is charged with conspiracy to commit wire fraud and conspiracy to commit securities fraud, the New York Law Journal (sub. req.) reported in a prior story. Afterwards, he called the whole thing "a witch hunt of epic proportions!"

His attorneys admitted that their client could be annoying.

Shkreli also said that despite the verdict, "I'm Martin Shkreli; I'm going to live a great life".

"What this trial proved is that I didn't make money through illicit means", Shkreli said during the post-trial livestream.

Prosecutors calling it a "Ponzi Scheme".

Prosecutors said he kept making awful stock picks which forced him to cook up schemes to recover millions in losses. He utilized their cash to underwrite another medication organization, Retrophin, which he at that point plundered to pay them back, they claimed. The defense portrayed them as spoiled "rich people" who were the ones doing the manipulating.

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"Who lost anything?" Brafman asked rhetorically during closing arguments, before answering himself: "Nobody".

He went on Twitter to label members of Congress "imbeciles" for demanding to know why his company, Turing Pharmaceuticals, raised the price of Daraprim, a drug used to treat toxoplasmosis and HIV, from $13.50 to $750 per pill.

During his time in the limelight, Shkreli has appeared to embrace the role of villain. Other times he looked bored, staring into space and playing with his hair. "During the trial, Shkreli openly mocked prosecutors and ultimately never took the stand in his defense". Brafman said. "I feel like a lifeguard, a lifeguard on a beach, not at a swimming pool".

"In terms of people skills, he's impossible", one of his lawyers said. "He knowingly lied over and over again to his investors to get their money and then to keep their money". "Maybe they found one or two broomsticks", he said. They found him weird. He pleaded not guilty in the money laundering case filed against him.

"Mr. Shkreli is a smart man".

Shkreli declined to testify.

The split verdict in Shkreli's trial came at about 2:37 p.m. on the fifth day of jury deliberations, after a more-than-month-long trial in Brooklyn, New York, federal court. "They blame me for capitalism".

Matsumoto did not set a sentencing date.

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