Martin Shkreli Convicted of Fraud But His Other Crimes of Ripping Off Taxpayers Remain Unpunished

Martin Shkreli was convicted of federal fraud charges on August 4, 2017 in Brooklyn, NY.

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.