Martin Shkreli cries before sentenced to seven years in prison
Former pharmaceutical executive Martin Shkreli, best known for hiking up the price of a life-saving drug and creating a bombastic online persona, was sentenced to seven years in federal prison on Friday after being convicted of securities fraud last summer.
As he pleaded Judge Kiyo Matsumoto for a lenient sentence, the 34-year-old who repeatedly lied to investors, defrauding them, sobbed from the defense table in Brooklyn’s federal court.
“I look back and I’m embarrassed and ashamed,” Shkreli said in blue prison garb. “I was never motivated by money. I wanted to grow my stature and reputation. I am here because of my gross, stupid and negligent mistakes I made.”