Judge Revokes Martin Shkreli's Bail, Putting Him In Jail For Months

Joy Montgomery
September 15, 2017

Martin Shkreli is escorted from his building by Federal Bureau of Investigation agents.

Convicted fraudster and former pharmaceuticals company CEO Martin Shkreli, once dubbed the "most hated man in America," is headed to jail after having his bail revoked over a Facebook post in which he offered $5,000 for a strand of Hillary Clinton's hair.

Judge Matsumoto said Shkreli is "an ongoing risk to the community". At the hearing in a federal court in Brooklyn, the judge sentenced that Shkreli had violated his bail on a securities fraud conviction with a post on social media that might represent a threat to Hilary Clinton.

But what Shkreli did in terms of jacking up the price of that AIDS medication, is no different than what all of the other pharmaceutical companies do every single day in the United States.

Former pharmaceuticals company CEO Martin Shkreli (SHKREL'-ee) has had his bail revoked and is going to jail in NY while he awaits sentencing for a securities fraud conviction. But his behavior changed when Matsumoto said that she had made a decision to jail him, and he sat quietly at the defense table for the rest of the hearing.

The Clinton offer could be viewed as "a solicitation of an assault", the judge said before revoking Shkreli's $5 million bail.

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His defense attorney tried to explain to the judge that Shkreli has a non-violent past, and what he did was very stupid, but not indicative of someone who's violent.

"I got the strong sense that for the judge this was the straw that broke the camel's back", said David Chase, a former prosecutor for the Securities and Exchange Commission. I must confirm the sequences I have. "He should apologise to the government, the Secret Service and Hillary Clinton".

"Will pay $5,000 per hair obtained from Hillary Clinton".

Mr. Shkreli's lawyer, Benjamin Brafman, argued at the hearing that Mr. Shkreli was not violent and that the post had been "a momentary lapse in judgment".

It was, they noted, not the first time that Shkreli had made inflammatory posts on social media. They carry a maximum of 20 years in prison, though experts predict the actual sentence will likely be much less. Remarkably, his lawyer argued that Donald Trump has tweeted and said similarly bad things, exclaiming that the President isn't in jail, so why should Shkreli be punished? "He doesn't know who his followers are".

However, judge Matsumoto said that it might mean a threat if just one out of more than 93,000 Shkreli's followers could take it seriously.

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