A judge jailed former pharmaceuticals company CEO Martin Shkreli on Wednesday after finding that he violated his bail on a securities fraud conviction with a social media posting she agreed posed a threat to Hillary Clinton.
Judge Matsumoto said Shkreli is "an ongoing risk to the community". On Wednesday, he was scheduled to be sentenced January 16, but he most likely will not be released before then unless his lawyers can show that he poses no threat to the community.
Shkreli first rose to prominence in 2015 when, as chief executive of Turing Pharmaceuticals, he raised the price of anti-infection drug Daraprim by 5,000 percent.
"U.S. District Judge Kiyo Matsumoto of Brooklyn, New York, said the cash offer was "a solicitation to assault" that is not protected by the First Amendment". "I don't think stupid makes you violent", Brafman said. Prosecutors requested his $5 million bail be revoked, and after a judge agreed, Shkreli returned to federal custody in Brooklyn.
"Shkreli has again proven he's his own worst enemy [and]. doesn't have the impulse control needed to keep him out of jail", said James Goodnow, an attorney with Fennemore Craig, a corporate defense firm. Last week, he posted a note on Facebook offering money to anyone who could grab a hair from the former presidential candidate while she was on her book tour.
Getty Images SHARE
Shkreli posted the threat on Facebook days after Clinton started her book tour around the country. I must confirm the sequences I have. "I understand now, that some may have read my comments about Mrs. Clinton as threatening, when that was never my intention when making those comments", Shkreli said in an earlier letter to the judge.
Shkreli's lawyer, Benjamin Brafman, argued at the hearing that Shkreli was not violent and that the post had been "a momentary lapse in judgment". Sorry you didn't get Hillary Clinton's hair for whatever perverted reason you wanted it, but I hope you enjoy your new home behind bars.
A federal judge in NY is considering whether the provocative online antics of former pharmaceuticals company CEO Martin Shkreli (SHKREL'-ee) are bad enough to put him behind bars. Matsumoto responded. "He doesn't know who his followers are".
Shkreli faces up to 20 years in prison after being found guilty on three counts of fraud.
"We believe the court arrived at the wrong decision, but she's the judge and right now we will have to live with this decision", he said.More news: International Olympic Committee crowns Paris 2024, Los Angeles 2028 in unique double