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.

Related news:

Hot News

isis-killer-beheading-video-story-top Matt Le Tissier Weighs in on Virgil van Dijk Rumours
Aug 05, 2017 - 00:14
Conte wants to make four signings before the end of the transfer window with a wing back, central midfielder and attacker top of the wish-list.

isis-killer-beheading-video-story-top Here Are the 5 Biggest Records 'Wonder Woman' Has Broken
Aug 05, 2017 - 00:13
Raymond James Financial Services Advisors Inc. increased its position in shares of Time Warner by 8.0% in the first quarter. The media conglomerate reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.14.

Mogherini's attendance at Rouhani's inauguration encourages Iranian impunity
Aug 05, 2017 - 00:12
Separately, on July 28, the Trump administration sanctioned six Iranian entities after Iran tested a space launching device. Leader Ayatollah Khamenei delivers validation decree to President Rouhani at the start of his second term.

isis-killer-beheading-video-story-top Massive blaze takes over 40 storeys of Dubai luxury tower
Aug 05, 2017 - 00:09
The resident said a lot of people got out of the building but added that it was unclear if there were people still trapped inside. Initial reports from residents suggest the fire alarm caused most to evacuate to safety in a short time-frame.

isis-killer-beheading-video-story-top Holidaymakers facing hours in queues because of new European Union rules at airports
Aug 04, 2017 - 00:17
Holidaymakers are being warned they face lengthy delays at European airports this summer after border checks were tightened. One Briton tweeted on Tuesday: "22 people were not allowed on flight home from Barcelona airport yesterday afternoon".

isis-killer-beheading-video-story-top De Grasse injures hamstring, out of worlds
Aug 04, 2017 - 00:17
He said De Grasse was determined. "I really feel for Andre", said Athletics Canada coach Glenroy Gilbert. The sprinter star canadian has withdrawn from the iaaf world Championships in London, Wednesday.

isis-killer-beheading-video-story-top Trump Considering Sending McMaster to Afghanistan
Aug 04, 2017 - 00:15
McMaster has cleared her of the charges leveled against her this spring by members of the Trump administration, along with Rep. Additionally, top Obama officials continue to come and go in and out of the White House compound as they please.

isis-killer-beheading-video-story-top Harassment reference filed against Imran Khan
Aug 04, 2017 - 00:14
Although he refused to disclose the content of the text messages, Hamid Mir said the communication substantiated the accusations levelled against Imran Khan.

isis-killer-beheading-video-story-top Syrians, including jihadists, cross from Lebanon to Syria in ceasefire deal
Aug 04, 2017 - 00:12
The Al-Nusra Front was the Syrian branch of Al-Qaeda before it broke ties with the organisation and changed its name past year . Over 40,000 refugees fleeing the Syrian conflict have also collected in Arsal in squalid camps.

isis-killer-beheading-video-story-top What really happened during 'that' phone call
Aug 04, 2017 - 00:10
In it, the president remarks that Nieto speaks "beautifully ", adding that he does not think he "can speak that beautifully". Mr Turnbull: "There is nothing more important in business or politics than a deal is a deal". " I have had it ", Trump says.

isis-killer-beheading-video-story-top 1 suspected dead after Minneapolis school building collapses, 3 more unaccounted for
Aug 04, 2017 - 00:09
John Carlson , also a school employee, is the person who remains missing, a school spokesperson said . Minnesota Governor Mark Dayton said his office was in constant contact with the school.

isis-killer-beheading-video-story-top Breast is best for SA babies
Aug 03, 2017 - 00:45
For those mothers who can not , or choose not to, breastfeed, the RCPCH recommends appropriate support and education on infant feeding should be provided.

isis-killer-beheading-video-story-top Korn guitarist's Chester Bennington comments came from a 'shattered heart'
Aug 03, 2017 - 00:41
Bennington was found dead at age 41 in his Palos Verdes residence on July 20, and was laid to rest in a private funeral on July 29.

isis-killer-beheading-video-story-top Ga. Immigrant, Refugee Advocates Blast Immigration Reduction Bill
Aug 03, 2017 - 00:41
That is because the current system favors immigrants with family ties over immigrants with useful skills needed in the American economy.

isis-killer-beheading-video-story-top BJP 'threatening' us: Gujarat Congress MLAs allege
Aug 03, 2017 - 00:36
The raid happened at a time when Shivakumar was overseeing the stay of 44 Congress MLAs from Gujarat at a resort near Bengaluru . The raids have even led to ruckus in the upper house of the Parliament. "Now they have resorted to IT raids".