Shkreli jailed af­ter Clin­ton hair ‘threat’

The Phnom Penh Post - - BUSINESS -

MARTIN Shkreli was sent to jail on Wed­nes­day af­ter a judge re­voked the bail of the for­mer phar­ma­ceu­ti­cal ex­ec­u­tive over a threat aimed at Hillary Clin­ton – which he says was a joke.

Once dubbed “Pharma Bro” and The Most Hated Man in Amer­ica” for jack­ing up the price of an HIV drug, the 34-year-old was con­victed of se­cu­ri­ties fraud last month for mis­man­ag­ing two in­vest­ment funds.

Freed on a $5 mil­lion bail while await­ing sen­tenc­ing, Shkreli was hauled to court to an­swer for hav­ing of­fered a $5,000 re­ward to any­one who would grab a strand of Clin­ton’s hair. His lawyer Ben­jamin Braf­man – who has painted his client as a mis­un­der­stood “ge­nius” – ar­gued long and hard with US Dis­trict Judge Kiyo Mat­sumoto against send­ing him to jail.

Shkreli him­self had writ­ten to the judge apol­o­gis­ing for his “poor judg­ment” and in­sist­ing he “never in­tended to cause alarm or pro­mote any act of vi­o­lence what­so­ever. It never oc­curred to me that my awk­ward at­tempt at hu­mor or satire would cause Mrs. Clin­ton or the Se­cret Ser­vice any dis­tress,” Shkreli wrote

But Judge Mat­sumoto de­cided oth­er­wise, rul­ing his on­line threats con­sti­tuted “so­lic­i­ta­tion of as­sault”.

“His bail was re­voked and he was re­manded to a de­ten­tion fa­cil­ity,” said Tyler Daniels, spokesman for the US At­tor­ney’s of­fice in Brook­lyn.

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