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.”