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Man Who Jacks Up Price Of AIDS Drug Convicted | The Precision

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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.

The most serious count, securities fraud, carries a maximum prison term of 20 years.

Outside court, Mr Shkreli called his prosecution “a witch hunt of epic proportions.”

CNN

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