{"id":43661,"date":"2017-09-14T05:56:09","date_gmt":"2017-09-14T05:56:09","guid":{"rendered":"https:\/\/www.biphoo.com\/bipnews\/?p=43661"},"modified":"2017-09-14T05:56:09","modified_gmt":"2017-09-14T05:56:09","slug":"martin-shkreli-jailed-facebook-post-hillary-clinton","status":"publish","type":"post","link":"https:\/\/www.biphoo.com\/bipnews\/news\/martin-shkreli-jailed-facebook-post-hillary-clinton.html","title":{"rendered":"Martin Shkreli jailed after Facebook post about Hillary Clinton"},"content":{"rendered":"

Martin Shkreli jailed after Facebook post about Hillary Clinton<\/span><\/strong><\/span><\/h2>\n

Martin Shkreli jailed after Facebook post about Hillary Clinton:- A federal judge on Wednesday revoked the $5 million bail of Martin Shkreli, the infamous former hedge fund manager convicted of defrauding investors, after prosecutors complained that his out-of-court antics posed a danger to the community.<\/span><\/p>\n

While awaiting sentencing, Shkreli has harassed women online, prosecutors argued, and even offered his Facebook followers $5,000 to grab a strand of Hillary Clinton\u2019s hair during her book tour. Shkreli, who faces up to 20 years in prison for securities fraud, apologized in writing, saying that he did not expect anyone to take his online comments seriously, and his attorneys pleaded with the judge Wednesday to give him another chance.<\/span><\/p>\n

\u201cThe fact that he continues to remain unaware of the inappropriateness of his actions or words demonstrates to me that he may be creating ongoing risk to the community,\u201d said U.S. District Judge Kiyo Matsumoto, in revoking his bond.<\/span><\/p>\n

Shkreli, wearing a lavender button-down shirt and slacks, was taken into custody immediately after the hour-long hearing. He did not appear to react at the judge\u2019s decision though he appeared more nervous than when he entered court and refused to ride the elevator with one reporter because they were \u201cfake news.\u201d He will be sent to a maximum-security prison until his sentencing hearing in January.<\/span><\/p>\n

Shkreli, 34, is best known for raising the price of an AIDS drug by 5,000 percent but he was convicted by a Brooklyn jury of defrauding the investors in his hedge funds. Shkreli lied to obtain investors\u2019 money then didn\u2019t tell them when he made a bad stock bet that led to massive losses, prosecutors argued. Instead, they said, he raised more money to pay off other investors or took money and stock from a pharmaceutical company, Retrophin, he was running.<\/span><\/p>\n

Shkreli, who has indicated that he will appeal his conviction, argued at trial that he ultimately made money for his investors and did not intend to defraud them.<\/span><\/p>\n

Instead of shrinking from the public outrage that has followed him for two years, Shkreli has mounted an erratic and sometimes outrageous online defense of himself, appearing to revel in the negative attention.<\/span><\/p>\n

His 70,000 Facebook followers do not take his statements seriously, said Shkreli\u2019s attorney Benjamin Brafman. \u201cHe did not intended to cause harm,\u201d he said. \u201cBeing inappropriate does not make you a danger to the community.\u201d<\/span><\/p>\n

\u201cHe says things that are stupid. I don\u2019t think stupid makes you violent,\u201d Brafman said.<\/span><\/p>\n

Shkreli\u2019s lawyers compared his online comments to the political humor of Kathy Griffin, who once held up a photograph of a faux bloody head of President Trump. They also compared him to Trump himself. During the campaign, Trump used \u201cpolitical hyperbole,\u201d Shkreli\u2019s attorneys said, when he said that Clinton, his Democratic opponent, would abolish the Second Amendment if elected. \u201cBy the way, and if she gets to pick her judges, nothing you can do, folks. Although the Second Amendment people, maybe there is, I don\u2019t know,\u201d Trump said.<\/span><\/p>\n

\u201cHe did not hold up the severed head of the president of the United States like Kathy Griffin,\u201d Brafman said.<\/span><\/p>\n

But prosecutors argued that Shkreli already had been given plenty of opportunities to act appropriately. His posts about Hillary Clinton and female journalists show an \u201cescalating pattern of violence against women that is incredibly disturbing,\u201d Jacquelyn Kasulis, the lead prosecutor said. \u201cIt is clear that he is reckless. He knew exactly what he was doing. He has to go in. \u2026 He doesn\u2019t respect the rule of law.\u201d<\/span><\/p>\n

They noted his post was taken seriously enough that the Secret Service sought an interview with Shkreli and had to increase the security measures around Clinton.<\/span><\/p>\n

After a person is convicted, it is up to them to prove that they should be out on bail pending sentencing, prosecutors argued. \u201cHe is not special by any stretch of the imagination. He should be incarcerated because he is a felon,\u201d Kasulis said.<\/span><\/p>\n

Matsumoto appeared particularly concerned that one of Shkreli\u2019s Facebook followers could take his offer of $5,000 for a strand of Clinton\u2019s hair seriously. Shkreli said he wanted the hair \u2014 with a follicle \u2014 to compare Clinton\u2019s DNA to a sample he already had. His attorneys said the post was satire and could not be taken seriously.<\/span><\/p>\n

\u201cWhat is funny about that,\u201d a visibly frustrated Matsumoto said. \u201cHe doesn\u2019t know who his followers are. He doesn\u2019t know if someone it going to take his offer seriously. \u2026 He is soliciting an assault on another person for $5,000.\u201d<\/span><\/p>\n

This is not the first time prosecutors have complained to Matsumoto about Shkreli\u2019s conduct. During the trial, Matsumoto chastised Shkreli for speaking with reporters in the courthouse where jurors could potentially hear him. Prosecutors had complained Shkreli\u2019s comments \u2014 including mocking them as the \u201cjunior varsity\u201d \u2014 were inappropriate and could taint the jury pool. Shkreli apologized after that incident too.<\/span><\/p>\n

Since his conviction, the loquacious executive has kept an active \u2014 and combative \u2014 online presence. In addition to asking for someone to grab a strand of Clinton\u2019s hair, he has offered investment advice and announced the sale of the only known copy of \u201cOnce Upon a Time in Shaolin,\u201d a Wu Tang Clan album, that he purchased for $2 million in 2015.<\/span><\/p>\n

\u201cI hope someone with a bigger heart for music can be found for this one-of-a-kind piece and makes it available for the world to hear,\u201d he added.<\/span><\/p>\n

The most recent bid is for $1,001,300 \u2014 a potential loss for Shkreli.<\/span><\/p>\n

Source:-\u00a0https:\/\/www.washingtonpost.com\/news\/business\/wp\/2017\/09\/13\/martin-shkreli-apologizes-for-facebook-post-about-hillary-clinton\/?utm_term=.d4483f4e07ee<\/span><\/p>\n

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