Martin Shkreli became infamous back in September 2015 while serving as the Chief Executive of Turing Pharmaceuticals. Shkreli decided to purchase the American marketing rights to a drug often used to treat infections in AIDS patients and infants, Daraprim. The media, politicians and the public were shocked and disgusted when Shkreli raised the price of the drug overnight from $13.50 to $750 per pill. He instantly became one of the most hated men in America, but Shkreli relished in the attention and became addicted to his newfound internet fame.
Last August, Shkreli was convicted of fraud relating to two hedge funds that he ran and a pharmaceuticals company he owned. On Friday, Shkreli was sentenced to seven years in prison. Additionally, he has been ordered to pay a $75,000 fine and forfeit around $7.4 million to the U.S. government for his crimes. Judge Matsumoto authorized the government to seize some of Shkreli’s prized assets if he is unable to pay the imposed amount. These assets include a rare painting by Pablo Picasso, his stake in Vyera Pharmaceuticals, the Lil’ Wayne album “The Carter V”, a $5 million E-Trade brokerage account and the one-of-a-kind Wu-Tang Clan album “Once Upon a Time in Shaolin”.
Shkreli has stated that he will seek an appeal for his conviction, and he is requesting that his prison sentence be served at a minimum-security federal camp in Pennsylvania. Currently, he has been in a maximum-security federal jail in Brooklyn. Shkreli has reportedly witnessed violence and become concerned about his personal safety.