The Latest: Martin Shkreli’s bail revoked; he heads to jail -

The Latest: Martin Shkreli’s bail revoked; he heads to jail

Credit: financialpost.com

  • Sep 13 2017 22:48About: 2 months ago
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NEW YORK — The Latest on former pharmaceuticals company CEO Martin Shkreli (all times local):

6:05 p.m.

Former pharmaceuticals company CEO Martin Shkreli (SHKREL’-ee) has had his bail revoked and is going to jail in New York while he awaits sentencing for a securities fraud conviction.

A judge at a Wednesday hearing sided with a government demand to jail Shkreli following his provocative online antics.

Shkreli’s defence argued in court papers filed Tuesday his recent offer to pay a $5,000 bounty for a Hillary Clinton hair with the follicle falls under the category of “political satire or strained humour.” The government calls the comments threats worthy of revoking the bail of the so-called Pharma Bro.

Shkreli is best known for hiking up the price of a life-saving drug and for trolling his critics online. He has said he feels “exonerated” despite his conviction.

——

12:20 a.m.

A federal judge in New York is considering whether the provocative online antics of former pharmaceuticals company CEO Martin Shkreli (SHKREL’-ee) are bad enough to put him behind bars.

The judge has scheduled a Wednesday hearing to consider a government demand to jail Shkreli while he awaits sentencing for a securities fraud conviction.

Shkreli’s defence argued in court papers filed Tuesday his recent offer to pay a $5,000 bounty for a Hillary Clinton hair with the follicle falls under the category of “political satire or strained humour.” The government calls the comments threats that should be grounds for revoking the bail of the so-called Pharma Bro.

Shkreli is best known for hiking up the price of a life-saving drug and for trolling his critics online. He has said he feels “exonerated” despite his conviction.



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