Convicted 'Pharma Bro' has an image problem, lawyer concedes

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Former drug company executive Martin Shkreli has been convicted of fraud by jurors in a United States court after a highly publicised, month-long trial.

"Once Upon a Time in Shaolin" was allegedly played for a reporter for approximately 10 minutes in the 34-year-old convict's Murray Hill apartment before he switched over to something else.

Shkreli has battled from the beginning that the administration searched for charges against him as a result of the reputation he picked up in 2015 by climbing the cost of the counter parasite medicate Daraprim by over 5,000% while running another medication organization, Turing Pharmaceuticals.

Prosecutors alleged that Shkreli repaid investors with cash and stock looted from his biotech company Retrophin, however he was cleared on charges relating to this.

Shkreli has been convicted of lying to several investors in an effort to convince them to invest in his two hedge funds. The seven-woman and five-man jury began deliberating on July 31, and after asking the judge for just a few clarifications on the law on August 1, they were relatively quiet until reaching the verdict. Another prosecutor, Jacquelyn Kasulis, called him "a con man who stole millions".

He stood in front of the same judge in the same courthouse as the younger Shkreli.

"Get Martin", said Shkreli's lawyer, Benjamin Brafman.

"Count seven was the government's attempt to theorize that I robbed Peter to pay Paul, and the jury has spoken conclusively that Retrophin was not defrauded in this case", Shkreli told reporters. Jurors saw what prosecutors described as sham consulting agreements Shkreli drafted as one of his many schemes to pay back investors. "This was a witch hunt of epic proportions", he said, despite being found guilty of fraud on three counts. Noting the sentencing judge has "enormous discretion" to sentence Shkreli, Brafman was hopeful that the convictions against his client might be considered legally tenuous. When critics pounced, Shkreli didn't shrink from the attention but instead relished in it by battling naysayers on Twitter.

It was a bad day to be named Martin Shkreli.

"This was a witch hunt of epic proportions", he said in NY after the verdict. Retrophin's board fired Shkreli as CEO and has since sued him for $65 million. In the end, the "brilliant", "Rain Man"-like Shkreli had done his best, Brafman argued-and wasn't that all you could ask for? United Kingdom -based commenter "@1andrewfenton" suggested that prison guards charge Shkreli $1,000 per pill "if he goes to jail and requests an aspirin for a headache". Victims, usually the most sympathetic witnesses in a trial, were undercut here by the defense as rich and out of touch; when the prosecution tried to limit the victims it would call to testify, the defense urged it to call more.