'Pharma Bro' Sentenced To 7 Years In Prison After Tearful Apology

Shkreli Lawyer Says He Alternately Wants to Punch and Hug Client

Shkreli Lawyer Says He Alternately Wants to Punch and Hug Client

He added that he's the only person to blame, saying "I took down Martin Shkreli with my shameful and wrong actions".

U.S. District Judge Kiyo Matsumoto issued the order against the jailed Shkreli four days before he is to face sentencing for his conviction past year on charges he cheated wealthy investors in two failed hedge funds he was managing.

At the sentencing, Shkreli broke into tears, apologized to investors, and accepted responsibility for what he had done.

Federal prosecutors say he deserves at least 15 years behind bars for pilfering funds behind his investors' backs to start the drug company and cover up his fraud.

Although, according to a letter Shkreli wrote to the judge in hopes of a lighter sentence this stint in prison since his conviction has been "a frightening wake-up call" and that he now understands that he needs to change.

"It's hard to claim victory when someone like Martin Shkreli goes to jail", Brafman said.

The Brooklyn-born entrepreneur became known as the "Pharma Bro" in September 2015 after founding Turing Pharmaceuticals, buying the anti-parasitic drug Daraprim and raising its price by 5,000 percent to $750 per pill.

"There is no conspiracy to take down Martin Shkreli".

"There are times when I want to hug him and hold him and comfort him and there are times I want to punch him in the face", lawyer Ben Brafman said, per Bloomberg News. Shkreli is a convicted criminal, prosecutor Jacquelyn Kasulis said, whose fraud schemes took place over five years.

Kasulis said Brafman was trying to portray Shkreli as "a child".

Shkreli seemed to treat the case like a big joke.

Shkreli's case may not have been helped either by his outlandish request after being convicted for a hair from Hilary Clinton (including follicle) for which he offered $5,000 dollars.

He was tight-lipped when faced with a barrage of questions about the price hike from members of Congress a couple of months later, citing his Fifth Amendment right not to incriminate himself. Afterward, he tweeted that the lawmakers were "imbeciles".

Shkreli had been free on bail until a judge jailed him for offering a $5,000 bounty to anyone who could get a lock of Hillary Clinton's hair previous year. And she spoke about how his family and friends "state, nearly universally, that he is kind and misunderstood" and willing to help others in need. She said it was clear he is a "tremendously gifted individual who has the capacity for kindness".

Other testimonials were as quirky as the defendant himself.

Another supporter said Shkreli's soft side was demonstrated when he adopted a cat from a shelter - named Trashy - that became a fixture on his livestreams.

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