'Pharma Bro' Martin Shkreli jailed for online bounty on Hillary Clinton's hair video


Former drug company executive "Pharma Bro" Martin Shkreli has been jailed after a judge found him to be a danger to society.

Shkreli was sent to jail while awaiting sentencing for securities fraud, after a Facebook post offeringa $6900 reward for a strand of Hillary Clinton's hair.

US judge Kiyo Matsumoto said the post, which prompted a call from the US Secret Service, showed Shkreli posed a danger to the public that warranted revoking his $6.9 million bail.

"Pharma Bro" Martin Shkreli has been jailed after a judge said he was a danger to society.
BRENDAN MCDERMID

"Pharma Bro" Martin Shkreli has been jailed after a judge said he was a danger to society.

US prosecutors had moved to jail Shkreli last Thursday (local time).

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Shkreli, who earned the nickname "Pharma Bro" for exploits that included increasing to the price of a life-saving drug by 5000 per cent, apologised for the post in a letter to Matsumoto, calling it an "awkward attempt at humour or satire."

He said in the post, since deleted, that he needed the hair to "confirm the sequences I have," an apparent reference to genetic testing.

Shkreli was convicted in August of defrauding investors of two hedge funds he ran, MSMB Capital and MSMB Healthcare.

He was acquitted of stealing from a drug company he later founded, Retrophin Inc, to pay them back.

Though the charges carry a maximum sentence of 20 years, Shkreli will likely serve much less, in part because none of the investors lost money.

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Patients and US lawmakers were outraged in 2015 when Shkreli, then chief executive of Turing Pharmaceuticals, raised the price of anti-infection drug Daraprim by 5000 per cent.

Since his December 2015 arrest, he has clashed frequently with critics on social media.

Twitter banned him from its platform in January for harassing a female journalist, another incident prosecutors cited in their motion to revoke his bail.

 - Reuters

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