By — Associated Press Associated Press Leave a comment 0comments Share Copy URL https://www.pbs.org/newshour/nation/court-upholds-sentencing-of-drug-company-ceo-martin-shkreli Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter Court upholds sentencing of drug company CEO Martin Shkreli Nation Jul 18, 2019 11:49 AM EDT NEW YORK — A federal appeals court has upheld the securities fraud conviction against former drug company CEO Martin Shkreli. Shkreli was sentenced to seven years in prison last year for looting a drug company he founded, Retrophin, of $11 million to pay back investors in two failed hedge funds he ran. A message requesting comment was emailed to Shkreli’s legal team Thursday. Before his arrest, Shkreli was best known for buying the rights to a lifesaving drug at another company in 2014 and raising the price from $13.50 to $750 per pill. He also gained notoriety for attacking critics on social media under the moniker “Pharma Bro.” He was barred from Twitter for posts about a female journalist. We're not going anywhere. Stand up for truly independent, trusted news that you can count on! Donate now By — Associated Press Associated Press
NEW YORK — A federal appeals court has upheld the securities fraud conviction against former drug company CEO Martin Shkreli. Shkreli was sentenced to seven years in prison last year for looting a drug company he founded, Retrophin, of $11 million to pay back investors in two failed hedge funds he ran. A message requesting comment was emailed to Shkreli’s legal team Thursday. Before his arrest, Shkreli was best known for buying the rights to a lifesaving drug at another company in 2014 and raising the price from $13.50 to $750 per pill. He also gained notoriety for attacking critics on social media under the moniker “Pharma Bro.” He was barred from Twitter for posts about a female journalist. We're not going anywhere. Stand up for truly independent, trusted news that you can count on! Donate now