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Prosecutors seek at least 15 years prison for ‘Pharma Bro’ Martin Shkreli

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U.S. prosecutors on Tuesday urged a federal judge to sentence former drug company executive Martin Shkreli to at least 15 years in prison for securities fraud, saying his lack of remorse and respect for the law justified a long time behind bars.

In a filing in Brooklyn federal court, prosecutors called Shkreli “a man who stands before this court without any showing of genuine remorse, a man who has consistently chosen to put profit and the cultivation of a public image before all else, and a man who believes the ends always justify the means.”

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Shkreli, 34, is scheduled to be sentenced on Friday by U.S. District Judge Kiyo Matsumoto, after having been found guilty last August of defrauding investors in two hedge funds and conspiring to manipulate the stock of a drug company he founded.

Benjamin Brafman, a lawyer for Shkreli, did not immediately respond to a request for comment.

Shkreli had asked for a 12-to-18-month sentence.

He has been in jail since September, when Matsumoto revoked his bail after he had offered a $5,000 bounty for a strand of former U.S. presidential candidate Hillary Clinton’s hair in a Facebook post.

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Shkreli became notorious as the “Pharma Bro” when he raised the price of anti-parasitic drug Daraprim by more than 5,000 percent in 2015 while serving as chief executive officer of Turing Pharmaceuticals, now called Vyera Pharmaceuticals.

Prosecutors said in Tuesday’s filing that a 15-year prison term was shorter than the minimum 27 years recommended under federal guidelines, which judges need not follow.

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But they said a “substantial term of incarceration” was warranted, citing Shkreli’s “demonstrated lack of remorse, lack of acceptance of responsibility, and lack of respect for the law.”

Jurors had found that Shkreli lied to investors about the performance of two hedge funds he ran, MSMB Capital and MSMB Healthcare, and conspired to manipulate the stock price of the drug company Retrophin Inc (RTRX.O).

On Monday, Matsumoto ordered Shkreli to forfeit $7.36 million, a ruling that could force him to give up assets such as a one-of-a-kind Wu-Tang Clan album if he cannot come up with the money.

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Reporting by Brendan Pierson in New York; Editing by Matthew Lewis

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Enjoy this piece?

… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. Unlike other news sites, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from corporate overlords, we fight to ensure no one is forgotten.

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Black woman reveals how Trump is ruining her marriage: ‘My white Republican husband is starting to hate me’

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A black woman revealed over the weekend how President Donald Trump and right-wing media are straining her marriage.

In a Twitter rant on Saturday, a woman going by the name Glass Butterfly hit a nerve by starting a discussion about the challenges of interracial marriage in the age of Trump.

"My white Republican husband is starting to hate me because the longer we live through this administration the 'BLACKER' I become," she revealed. "Any interracially and opposing politically affiliated couples going through this? Like...I have NO idea how to balance who we are..or are becoming."

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Lawmaker Rashida Tlaib calls for boycott of Bill Maher’s ‘Real Time’ over Israel comments

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Rep. Rashida Tlaib, D-Mich., suggested a boycott against HBO host Bill Maher after he denounced the international movement to boycott Israel as a "bullshit purity test by people who want to appear woke but actually slept through history class."

This article first appeared on Salon.

"Maybe folks should boycott his show," Tlaib wrote in a tweet on Saturday. "I am tired of folks discrediting a form of speech that is centered on equality and freedom. This is exactly how they tried to discredit & stop the boycott to stand up against the apartheid in S. Africa. It didn't work then and it won't now."

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WATCH: ‘Hero’ walks into middle of Proud Boys protest and says ‘f*ck you’ to each of them

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A man became a hero to the internet over the weekend after he was captured on video saying "f*ck you" to members of a group of conservative protesters known as Proud Boys.

In a video that appeared to be from Saturday's protests in Portland, a man can be seen walking into a group of right-wing demonstrators.

"F*ck you," the man says, pointing at an apparent Proud Boys member.

"F*ck you," the man says again as he points at another member of the group.

The man then repeats the process over and over, pointing out a member of the Proud Boys each time. He did make an exception for a dog, which he described as "cool."

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