We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

Martin Shkreli, who's known as the "bad boy of pharma", is interviewed on the Fox Business Network. Richard Drew
big pharma

'Bad boy of pharma' Martin Shkreli jailed over Hillary Clinton threat

Shkreli said that his comments were just a joke and apologised for his “poor judgement”.

MARTIN SHKRELI HAS been sent to jail after a US judge revoked the bail of the former pharmaceutical executive over a threat aimed at Hillary Clinton – which he insists was a joke.

Once dubbed “the most hated man in America” for jacking up the price of a HIV drug, the 34-year-old was convicted of securities fraud last month for mismanaging two investment funds.

Freed on a five-million-dollar bail while awaiting sentencing, Shkreli was hauled back into court to answer for having offered a $5,000 (€4,212) reward to anyone who would grab a strand of Clinton’s hair.

His lawyer Benjamin Brafman – who has painted his client as a misunderstood “genius” – argued long and hard with US District Judge Kiyo Matsumoto against sending him to jail.

'Pharma Bro' Trial In New York "Pharma bro" Martin Shkreli, aged 34, leaves court after a jury failed to reach a verdict on security fraud charges last month. Byron Smith via PA Images Byron Smith via PA Images

Shkreli himself had written to the judge apologising for his “poor judgment” and insisting he “never intended to cause alarm or promote any act of violence whatsoever”.

“It never occurred to me that my awkward attempt at humour or satire would cause Mrs Clinton or the Secret Service any distress,” Shkreli wrote.

But Judge Matsumoto decided otherwise, ruling that his online threats constituted “solicitation of assault” and posed a danger to the community.

“His bail was revoked and he was remanded to a detention facility,” said Tyler Daniels, spokesman for the US Attorney’s office in Brooklyn.

He will now remain in prison until his sentencing hearing, set for 16 January next year.

Shkreli is best known for ratcheting up the price of HIV drug Daraprim from $13.50 a pill to $750 overnight in 2015. Although that incident had nothing to do with his trial, so great was his notoriety that it was initially difficult to find an impartial jury.

© AFP 2017

Read: ‘Bad boy of pharma’ Martin Shkreli goes on trial for fraud

Read: Man who hiked price of HIV drug mocks schoolkids for recreating medicine in lab

Your Voice
Readers Comments
This is YOUR comments community. Stay civil, stay constructive, stay on topic. Please familiarise yourself with our comments policy here before taking part.
Leave a Comment
    Submit a report
    Please help us understand how this comment violates our community guidelines.
    Thank you for the feedback
    Your feedback has been sent to our team for review.

    Leave a commentcancel