A Brooklyn jury on Friday found Martin Shkreli, the former hedge fund manager notorious for brazenly raising the price of a critical drug, guilty of defrauding his investors.
Shkreli shook his head in apparent disbelief as the first of three guilty verdicts was read. His father, who attended every day of the more than four-week trial, put his head in hands. Shkreli, who was acquitted on five other charges, faces up to 20 years in prison, though legal experts say he is likely to be sentenced to much less.
via Martin Shkreli is found guilty of three of eight securities fraud charges – The Washington Post
