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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.

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.

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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.

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).

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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.

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

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Lev Parnas’s lawyer declared ‘open war’ on AG Bill Barr during Maddow interview: attorney

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The attorney for Rudy Giuliani associate Lev Parnas appears to be using a novel legal strategy, attorney Luppe Luppen explained on Friday.

Joseph Bondy, the attorney for Parnas, was interviewed Friday evening by Rachel Maddow, following the day's end of the Senate impeachment trial of President Donald Trump.

Luppen, who offers legal analysis on his popular @nycsouthpaw Twitter account, came to a conclusion that seemed to surprise him after watching the interview.

"I’ve never seen a lawyer sit on a cable panel show and make that much news," Luppen wrote.

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Democratic prosecutors wrap up case against Trump

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Democratic prosecutors on Friday wrapped up three days of arguments for seeking Donald Trump's removal from office, as the US president's lawyers prepared to take their turn presenting his defense in the Senate's historic impeachment trial.

For a final eight-hour stretch, the 100 senators listened as Democrats argued that Trump abused the power of the presidency in pressuring Ukraine to launch investigations that would help him politically and then sought to block efforts by Congress to investigate.

Democrats said they had met the burden of proof as they warned Republicans that Trump would remain a grave danger to the nation if left in office.

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‘Give me a break’: Internet unleashes on ‘snowflakes’ Susan Collins and Lisa Murkowski for complaint about Schiff

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CNN's Manu Raju revealed after the Senate adjourned that Sen. Susan Collins (R-ME) audibly disputed Rep. Adam Schiff's (D-CA) quotation of a CBS News report threatening senators.

"She shook her head and said, 'No they didn't. No, that's not true,'" Raju reported.

Sens. Tom Cotton (R-AR), Jim Risch (R-ID) Lisa Murkowski (R-AK) and John Barrasso also said that the report was false.

https://twitter.com/GriffinConnolly/status/1220891285910892544

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