Ukrainian Law Blog
Freedom means the supremacy of human rights everywhere
Saturday, March 10, 2018
Martin Shkreli Sentenced to Seven Years in Prison
Martin Shkreli, the pharmaceutical industry’s enfant terrible, was sentenced Friday to seven years in prison, putting an
end to a saga
that captivated and sometimes enraged Washington, Wall Street and the tabloids.
The brash 34-year-old — who gained notoriety for jacking up the price of a life-saving anti-infection drug — was convicted in August of lying to investors in his hedge funds and manipulating shares in
Retrophin Inc.
, a biotech company he founded. Prosecutors sought a sentence of at least 15 years for the securities fraud. Shkreli, who once proclaimed “you can’t quell the Shkrel,” asked for as little as a year.
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