Aformer pharmaceuticals company CEO, Martin Shkreli,hadhis bail revoked during a Wednesday hearingand is now injailashe awaits sentencing for a securities fraud conviction in the state of New York.
During thehearing, a judge sided with the government who demanded to jail Shkreli after he posted threats via Facebooktowardsformer presidential nomineeHillary Clintonon September 4th. The “pharma bro”was taken into custody immediately.
Last month, Shkreli was convicted on several counts of fraud for lying to investors of his previous hedge fund, while also racking up one count of conspiracy to commit fraud — meaning he now faces up to 20 years in prison.
The post that sparked a USSecret Service investigationcalled for his followers to “grab”the former Secretary of State by her hair during her current book tour. The failed executive even offered to pay$5,000 “per hair”that was obtained from Clinton.
Officials argued in the court thatShkreli posed a danger to the public due to these threats.
Before today’s jailing, Shkreli became infamous for drastically raising the price of life-saving drugs used by HIV patients from $13.50 to $750 per pill.
He wasimmediatelybrandedas “the most hated man in America”.