Two Martin Shkreli defendants appear in same courtroom with same judge

A man named Martin Shkreli. This Martin Shkreli who is charged with money laundering was arraigned in the same courtroom and by the same judge as the Martin Shkreli

He nearly immediately afterward used his new Twitter account, @samthemanTP, to comment on the outcome of the case, and also started a livestream on YouTube from his apartment.

After the conviction, Shkreli said that he was he was glad to be exonerated on numerous charges and "we're delighted in many ways".

He buzzed in a newspaper reporter and argued with her about his 2014 decision to buy the rights to a drug and raise the price from $13.50 to $750 per pill.

Additionally, he was found not guilty on five other charges.

He was accused of attracting financiers to his hedge fund by claiming MSMB Capital had a lot more money than it did and then paying off investors with money from his biopharmaceutical company Retrophin, when they got suspicious. Prosecutors contended he told investors "lies upon lies" during his scheme, although investors ultimately made money.

The prosecuting attorney in the case stated that Martin Shkreli simply doesn't think the rules apply to him.




Shkreli's lawyer, Benjamin Brafman, raised the prospect of an appeal and said the verdict would give the court "enormous discretion" on sentencing. As he spoke, Shkreli smiled and cocked his head quizzically in mock confusion.

"There's one statement that's most important and that's the jury's statement: guilty on those counts", said Acting U.S. Attorney Bridget Rohde.

Die-hard Wu-Tang fans surely won't mind seeing this verdict, given how Shkreli's been waving around his multi-million dollar purchase for years.

Former pharmaceutical company CEO Martin Shkreli, right, walks out of federal court with members of his legal team, Thursday, Aug. 3, 2017, in NY. Afterwards, he called the whole thing "a witch hunt of epic proportions!" He joked that maybe prosecutors "found one or two broomsticks". When the jurors sent out a question on Tuesday, asking the judge to clarify the term "fraudulent intent", it sent a hopeful signal to Shkreli's defense team. He will be sentenced at a later date.

Prosecutors convinced the jury of five men and seven women that Shkreli, 34, misled investors in two of his hedge funds, MSMB Capital and MSMB Healthcare. When the hedge fund blew up and lost most of its assets, Brafman said, Shkreli practically ran himself into the ground to return all his investors' money-by, yes, giving them shares of a totally unrelated drug company he was building, Retrophin, that weren't his to give.

The lawyer told jurors that a drug company official who testified against Shkreli was biased because if Shkreli is convicted of a felony, the company would get to keep his stake.

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