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Pharma Bro Martin Shkreli found guilty of securities fraud

Mimi Sabreena 3:46:00 AM Pilihan Editor

The PharmaBro is now the PharmaCon.

Martin Shkreli was found guilty of two counts of securities fraud and one count of conspiracy to commit securities fraud on Friday. He was found not guilty on five other related counts.

Shkreli faces 20 years in prison, though he'll likely be sentenced to a shorter stint. The date of the sentencing has not yet been set.

Shkreli stood trial for eight total counts of securities and wire fraud stemming from his time running Retrophin, a pharmaceutical company he founded. He was accused of repeatedly lying to investors, then, scheming to pay them back using fake agreements for things like consulting services. Read more...

More about Martin Shkreli, Business, and Health

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