Martin Shkreli was convicted of fraud by jurors in a U.S. court in Brooklyn on Friday, in a blow for the controversial financier, who had forcefully and repeatedly proclaimed his innocence. Nathan Frandino reports.
“We’re, I think, delighted in many ways with this verdict.”
His team was delighted because the outspoken executive was facing charges on eight counts.
The boyish 34-year-old was accused of lying to investors, losing their money and paying them back with cash and stock from his old drug company Retrophin.
Shrekli and his lawyer emphasized that none of the investors actually lost money… and chalked up the trial as a witchhunt.
“This was a witchhunt of epic proportions and maybe they found one or two broomsticks, but at the end of the day we’ve been acquitted of the most important charges of the case.”
The ensuing controversy and his combative attitude earned him the nickname “Pharma Bro.”