‘Pharma Bro’ Martin Shkreli convicted of security fraud
Martin Shkreli, famous for trolling on social media and surging the price of a life-saving drug, was convicted of three counts of security fraud Friday for misleading investors in a pair of hedge funds.
On the fifth day of jury deliberations, Shkreli was found guilty of conspiracy to commit securities fraud and two counts of securities fraud.
“It’s a scary feeling, it’s a daunting thing to feel the weight of the government on your shoulders,” Shkreli, 34, said outside the courthouse. “I think there’s only one man who can make that burden a little bit easier,” he said as he looked to his lawyer, Benjamin Brafman smiling.