TBA Law Blog

Posted by: Katharine Heriges on Mar 9, 2018
Martin Shkreli, the pharmaceutical executive known as “pharma bro” who became notorious for hiking up costs of a lifesaving drug, was sentenced to seven years in prison today for securities fraud, the Chicago Tribune reports. Shkreli cried in U.S. District Judge Kiyo Mastumoto’s courtroom as he apologized to investors for defrauding them in two failed hedge funds. In addition to his prison sentence, Shkreli was fined $75,000.