‘Pharma bro’ Martin Shkreli vows to be ‘more honest’ in plea for lower prison sentence for losing US$10.4m of investors’ money
Shkreli hopes to get 12-18 months in jail and community service – well under the 30 years he could get for losing more than US$10.4 million of investors’ money
Martin Shkreli has promised to be “more careful, open and honest” and said “I was a fool. I should have known better,” in a plea to have his upcoming sentence for securities fraud reduced.
“I assure you that any mercy shown at sentencing will be met with a strict adherence to this oath and I hope to make your honour proud of me in the years ahead,” Shkreli said in a letter penned from the Brooklyn lock-up where he’s been since September.
It’s a turnaround for Shkreli, who was dubbed the most-hated-man in America after raising the price of a life-saving drug by 5,000 per cent, and who was convicted on Monday of losing more than US$10.4 million of his investors’ money.
He previously blasted members of a congressional panel who had quizzed him about the price hike, calling them “imbeciles” on Twitter.
“I am now, however a more self confident and secure person,” Shkreli wrote in a letter to the judge. “The demons that haunted me – the root cause of my insecurity in my life – no longer all exist. I have learned a very painful lesson.”