Thursday, September 14, 2017

Shkreli To Be Jailed After Online Bounty On Hillary Clinton's Hair

A U.S. judge has ordered Martin Shkreli to be jailed while he awaits sentencing for securities fraud, citing a Facebook post in which the former drug company executive offered a $5,000 (3,787 pounds) reward for a strand of Hillary Clinton’s hair.

Shkreli, 34, dubbed the “pharma bro” for exploits that include jacking up the price of a life-saving drug by 5,000 percent, was silent and stony-faced as U.S. marshals led him out of a Brooklyn courtroom. He had been free on a $5 million bail since his December 2015 arrest.

U.S. District Judge Kiyo Matsumoto ruled that Shkreli’s Sept. 4 post, made shortly before Clinton embarked on a book tour, showed he posed a danger to the public. The post prompted an investigation by the U.S. Secret Service, which is charged with protecting the former Democratic presidential candidate.


The judge rejected arguments by Shkreli’s lawyer, Benjamin Brafman, that the post was protected free speech, saying one of Shkreli’s Facebook followers - who number more than 93,000 - could take it seriously.

“This is a solicitation of assault in exchange for money,” the judge said. “That is not protected by the First Amendment.”

Shkreli was convicted in August of defrauding investors of two hedge funds he ran. Matsumoto scheduled his sentencing for Jan. 16.



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