Log in
Wednesday, 13 September 2017 21:07

Shkreli ordered jailed after online bounty on Hillary Clinton's hair

Written by  Reuters

(Reuters) - A U.S. judge on Wednesday 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 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.

Read more at Reuters

User comments

There are no user comments for this listing.

71°F

New York

Mostly Clear

Humidity: 74%

Wind: 4 mph

  • 25 Sep 2017 84°F 71°F
  • 26 Sep 2017 80°F 69°F
Don't Forget To Like BlabberBuzz