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


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.”


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