Life & Culture / NewsLife & Culture / NewsThe most hated man in America is probably going to prisonMartin Shkreli has been convicted of fraudShareLink copied ✔️August 5, 2017August 5, 2017TextCharlie Brinkhurst-Cuff Martin Shkreli is a douche. Even he knows it. The infamous businessman who once hiked the price of a critical AIDS drug Daraprim by more than 5000 per cent, has been convicted of fraud and is awaiting sentencing. Daraprim, which is used to treat rare parasitic infections in AIDS patients, went from costing $13.50 to $750 per pill in 2015, when Shkreli was at the helm of Turing Pharmaceuticals. Thanks to this move, Shkreli became well-known as the “most hated man in America”, and later in 2015 the hedge-fund entrepreneur and drug-company C.E.O was accused of defrauding investors in MSMB Capital Management, his former hedge fund, and stealing stock from shareholders. The news was met with glee (from people like me), and when brought to trial it was reportedly a struggle to find jurors who could be impartial about him. One potential juror called him the “face of corporate greed”. After a trial that lasted over a month, Shkreli was found guilty on three of eight charges, including convictions of securities fraud and conspiracy to commit both securities fraud and wire fraud. Outside of the court house yesterday, he said: "This was a wtich hunt of epic proportions, and maybe they found one or two broomsticks, but at the end of the day, we've been acquitted of the most important charges." Last year, Shkreli also gained notoriety for buying the only copy of a Wu-Tang album for $2 million then refusing to share it with anyone until Trump was elected. Escape the algorithm! Get The DropEmail address SIGN UP Get must-see stories direct to your inbox every weekday. Privacy policy Thank you. You have been subscribed Privacy policy Expand your creative community and connect with 15,000 creatives from around the world.READ MOREIs it finally time to boycott ChatGPT?Can cake solve your quarter-life crisis? This Brooklyn chef thinks soThe rise of EsDeeKid in 5 tracksBuy Dazed Magazine‘It’s super claustrophobic’: Would you live in a micro-apartment? GANNIGANNI is yearning for a dreamy summer – and so are we This doc follows 6 Palestinian comics risking their lives on tourFigure skater Laine Dubin wants you to go outside and get a hobbySay hàlo to the young Scots behind the Gaelic revival9 books to read if you loved Wuthering Heights (the novel, not the film)The fight against the Palestine Action ban isn’t overWhy is the US government coming for young climate activists?Escape the algorithm! Get The DropEmail address SIGN UP Get must-see stories direct to your inbox every weekday. Privacy policy Thank you. You have been subscribed Privacy policy