Prosecutors seek stiff prison term for 'Pharma Bro'
NEW YORK (AP) — Federal prosecutors want “Pharma Bro” Martin Shkreli to spend 15 years behind bars for his securities fraud conviction.
The government has filed papers asking a New York City judge to impose the stiff term on the eccentric former pharmaceutical CEO at his sentencing on Friday.
The papers portray the 34-year-old as an unrepentant fraudster. They say he stole money from investors in hedge funds he managed and repeatedly lied to them to cover his tracks.
Shkreli is perhaps best known for jacking up the price of a life-saving drug and for his snarky “Pharma Bro” persona on social media.
His lawyers have argued he deserves a sentence of no more than 18 months because the investors recouped their losses with drug company stock he gave them.