![Former drug company executive Martin Shkreli and his lead attorney, Benjamin Brafman. Martin Shkreli was convicted of federal fraud charges on August 4, 2017 in Brooklyn, NY.](https://www.corporate-welfare-watch.org.uk/wp-content/uploads/2017/08/Former-drug-company-executive-Martin-Shkreli-and-his-lead-attorney-Benjamin-Brafman.--678x381.jpeg)
Martin Shkreli, who gained notoriety in 2015 after he raised the price of a drug used by AIDS patients by 5000 percent, was found guilty of three of eight federal charges by a jury in Brooklyn, NY on August 4, 2017.
According to The New York Times,
Jurors convicted Mr. Shkreli of three of the eight counts: securities fraud in connection with his hedge fund MSMB Capital; securities fraud in connection with MSMB Healthcare; and conspiracy to commit securities fraud related to the Retrophin stock scheme, in which he tried to quietly control a huge portion of Retrophin stock.
Shkreli faces a total of up to 45 years in prison for these crimes, but a sentence will not be decided before the fall.
Source: https://www.nytimes.com/2017/08/04/business/dealbook/martin-shkreli-guilty.html