"Pharma bro" Martin Shkreli sentenced to 7 years in prison
Notorious "pharma bro" Martin Shkreli made a sob-filled plea for leniency but ended up getting sentenced Friday to seven years in prison for federal fraud charges related to hedge funds and a drug company that he once ran.
"The one person to blame for me being here today is me," a choked-up Shkreli told a judge before she imposed the prison term in Brooklyn, New York, federal court.
"Not the government. There is no conspiracy to take down Martin Shkreli."
"I took down Martin Shkreli with my disgraceful and shameful actions."
"This is my fault. I am no victim here," Shkreli said, before breaking down into tears as he promised not to let his lawyer Benjamin Brafman down in his efforts to contribute to society.
"Do not feel bad for me," Shkreli told a packed courtroom that included supporters and family members, many of whom had written letters asking Judge Kiyo Matsumoto to spare him from a harsh sentence.
And he had a message for the investors he duped: "I am terribly sorry I lost your trust. ... You deserve far better."
"I was never motivated by money," Shkreli said. "I wanted to grow my stature and my reputation."
"I am here because of my gross, stupid and negligent mistakes I made."