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."
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
DOJ demands changes at 'abhorrent' Atlanta jailSpeed Read Georgia's Fulton County Jail subjects inmates to 'unconstitutional' conditions, the 16-month investigation found
-
Biden arrives in Peru for final summitsSpeed Read President Joe Biden will meet Chinese President Xi Jinping, visit the Amazon rainforest and attend two major international summits
-
Today's political cartoons - November 15, 2024Cartoons Friday's cartoons - power couples, mixed messages, and more
-
Boeing machinists approve contract, end strikeSpeed Read The company's largest union approved the new contract offer, ending a seven-week strike
-
US economy still strong in final preelection reportSpeed Read It grew at a solid 2.8% annual rate from July through September
-
Boeing machinists reject deal, continue strikeSpeed Read The rejection came the same day Boeing reported a $6.2 billion quarterly loss
-
Ports reopen after dockworkers halt strikeSpeed Read The 36 ports that closed this week, from Maine to Texas, will start reopening today
-
Empty-nest boomers aren't selling their big homesSpeed Read Most Americans 60 and older do not intend to move, according to a recent survey
-
Brazil accuses Musk of 'disinformation campaign'Speed Read A Brazilian Supreme Court judge has opened an inquiry into Elon Musk and X
-
Disney board fends off Peltz infiltration bidSpeed Read Disney CEO Bob Iger has defeated activist investor Nelson Peltz in a contentious proxy battle
-
Disney and DeSantis reach detenteSpeed Read The Florida governor and Disney settle a yearslong litigation over control of the tourism district
