Outspoken former pharmaceutical executive Martin Shkreli will serve seven years in prison, a sentence handed down Friday following securities fraud convictions related to two hedge funds and a drug company that he once ran.
The judge in the case said Shkreli will receive credit for time served since September, when his bail was revoked, Bloomberg reported. The average prison sentence for those convicted of securities and investment fraud in fiscal 2016, the most recent year available, was four years, according to the U.S. Sentencing Commission.
Shkreli is widely known as the former CEO of Turing Pharmaceuticals, the company that,… Read more »
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