Martin Shkreli Convicted of Fraud

WASHINGTON, DC - FEBRUARY 04: Martin Shkreli, former CEO of Turing Pharmaceuticals LLC., smiles while flanked by Nancy Retzlaff, chief commercial officer for Turing Pharmaceuticals LLC., during a House Oversight and Government Reform Committee hearing on Capitol Hill, February 4, 2016 in Washington, DC. Shkreli invoked his 5th Amendment right not to testify to the committee that is examining the prescription drug market. (Photo by Mark Wilson/Getty Images)

Martin Shkreli is going to prison! Shkreli, the pharma-bro CEO who became a national nemesis when he raised the price of AIDS/cancer relief drug Daraprim from $13.50 to $750 per pill — and who has frequently dabbled in the music business, including as a silent benefactor for an independent record label, the purchaser of a one-of-a-kind Wu-Tang Clan album, and the leaker of tracks by artists such as Lil Wayne — was on trial in Brooklyn for alleged wire and securities fraud. The New York Times reports that he was found guilty on three out of eight counts today after a five-week trial. He faces up to 20 years in prison, though he’s expected to serve far less time. Still: Martin Shkreli is going to prison!

This article originally appeared on Stereogum.

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