Reuters: U.S.

Friday, August 4, 2017

News Alert: Martin Shkreli convicted

Martin Shkreli, who gained national notoriety two years ago for jacking up the price of an AIDS drug, was convicted of securities fraud Friday for mismanaging two investment funds.

A jury in Brooklyn deliberated almost five days before returning guilty verdicts against Shkreli, 34, on two counts of securities fraud and a single count of conspiracy. He was acquitted on five other charges.

Outside court, Shkreli called his prosecution "a witch hunt of epic proportions."



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