Martin Shkreli, the former pharmaceutical executive who garnered national infamy for dramatically increasing the price of a life-saving HIV drug, was sentenced in a New York court Friday to seven years in prison for securities fraud. The sentence includes credit for time served, Stat News notes.
Shkreli was convicted in August of securities fraud — a crime that could've resulted in a 20-year sentence — after he was found guilty of mismanaging millions in investor dollars at two funds. After he was convicted, Shkreli posted a braggadocious YouTube video in which he claimed his sentence would be "close to nil."
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