Federal prosecutors accused Shkreli of cheating investors out of more than $11 million between 2009 and 2014 in what amounted to a Ponzi scheme.
Brafman said the amount of money Shkreli could be made to surrender would have been much higher if he had been found guilty of ripping off Retrophin, to repay swindled hedge-fund investors. It doesn't matter if you paid people back years later after you've stolen their money and you've lost all their money.
"Justice was served", said Bridget Rohde, acting U.S. Attorney for the Eastern District of NY. Enjoy your schadenfreude, world.
Shkreli additionally told columnists he would proceed with his own claim against Retrophin, saying his part as CEO there might have been "ended by some very bad on-screen characters", and that the organization at the focal point of the securities misrepresentation case would "be keeping in touch with me a vast check later on". A sentencing date has yet to be set.
Shkreli was arrested in December 2015 and his trial began about a month ago. Today, a jury found him guilty of three of those counts. Brafman was the opposite: during his closing argument, the diminutive celebrity defense attorney paced in front of the jury and tried an emotional appeal. "He knew exactly what he was doing", she added, having previously described him as "a con man who stole millions". As CEO of Turing Pharmaceuticals, Shkreli raised the price of a drug used by some AIDS patients from $13.50 per pill to $750, resulting in a public outcry that reverberated around the country.
He nearly immediately afterward used his new Twitter account, @samthemanTP, to comment on the outcome of the case, and also started a livestream on YouTube from his apartment.
That increase sparked outrage from United States lawmakers and patients, and earned Shkreli the nickname "Pharma bro".
"Count seven was the government's attempt to theorize that I robbed Peter to pay Paul, and the jury has spoken conclusively that Retrophin was not defrauded in this case", Mr. Shkreli told reporters. "Unless we can get all three of these counts dropped on appeal".
Shkreli embraced his role as a villain, continuing on to do things like buying the only copy of a Wu-Tang LP with his vast riches while being one of the last people on Earth who deserves to own such a thing.
The accord lifted the nuclear-related sanctions against Iran in exchange for certain restrictions on its nuclear activities. He is due to take the oath of office at the Iranian parliament on August 5, according to RFE/RL.
Trump has expressed little interest in deploying military forces without a specific plan on what they will do and for how long. After a year, Trump said, the consultant's only suggestion was that the restaurant needed a bigger kitchen.
Charlie's parents fought ardently in court to ensure their baby was transferred to NY to receive an experimental treatment. Great Ormond Street Hospital took the parents to court over the hospital's desire to withdraw Charlie's life support.
She also said that "the Americans cannot punish German companies because they operate economically in another country". European leaders say the sanctions will jeopardize their energy security and hurt their economies.
Other parts of the capital, however, operated normally on the eve of Sunday's divisive election to choose the new assembly. But Latin American countries, the European Union and the United States have criticized the election.
As the press pool was being ushered out of the room, a reporter asked specifically what Trump plans to do about North Korea. Tillerson , has turned up pressure on China to help isolate and cajole North Korea.
Foreign Policy reported that Lebanese lawmakers responded by lobbying their USA counterparts in Congress against the legislation. Secretary of State Rex Tillerson (R) meets with Lebanese Prime Minister Saad Hariri (L) at the State Department July 26, 2017.
According to the recent leaked price of Nokia 8 also leaked and it was with a price tag of Euro 589 (approximately Rs.43,400). The next two releases from the company are expected to be that of the budget Nokia 2 and the flagship Nokia 8 smartphone.
The port is part of Beijing's so-called string-of-pearls plan for a line of ports stretching from its waters to the Persian Gulf. Cash from the firm's majority stake will be used to repay part of the island nation's huge foreign debt.
A new USA sanctions announcement has coincided with a two-day strike and a major protest in Venezuela , Deutsche Welle reports . The latest deaths raised to 106 the number of people killed since April 1.
A long-acting injectable antiretroviral therapy may be just as effective as a daily oral dose in treating HIV, a trial has shown. The child from MS was given treatment just a day after they were born and HIV remained undetectable until 27 months afterwards.
Andre De Grasse out of the World Championships
Bolt may never have been slower before a major championship , but the threats to him have rarely been less clear. If I show up at championships I am confident in my abilities. "Personally I think it was there (rock bottom)".
Security measures heightened at Australia airports
The country's national terrorism threat level is still at "probable". "We do believe it is Islamic-inspired terrorism", he said. Share with Us - We'd love to hear eyewitness accounts, the history behind an article, and smart, constructive criticism.
Tobacco shares nosedive on FDA regulation warning
Mostly because of cigarette smoking, tobacco use is the leading cause of preventable death in the U.S. and around the world. British American Tobacco's USA subsidiary, Reynolds American Inc., said it was encouraged by Mr.
Hunt Is On for Chainsaw Attacker Who Wounded 5 in Swiss City
Although Schaffhausen is near the German border, there is no evidence indicating the suspect has left Switzerland, RTS reported. Police warned the man was "psychologically unstable" as they said he was still at large despite an overnight police search.