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https://scmp.com/news/world/united-states-canada/article/2111101/pharma-bro-martin-shkreli-jailed-after-offering
World/ United States & Canada

‘Pharma bro’ Martin Shkreli is jailed, after offering US$5,000 bounty on hair from Hillary Clinton

‘There’s a risk that somebody may take him up on it’: judge

Former drug company executive Martin Shkreli stands with his attorney Benjamin Brafman outside US District Court in Brooklyn after being convicted of securities fraud. Photo: Reuters

A judge jailed former pharmaceuticals company CEO Martin Shkreli on Wednesday after finding that he violated his bail on a securities fraud conviction with a social media posting she agreed posed a threat to Hillary Clinton.

Defence attorneys had argued at a hearing in federal court in Brooklyn that the post by Shkreli, offering a US$5,000 bounty to anyone who could grab him one of Clinton’s hairs while she’s on a book tour, was political satire. But US District Judge Kiyo Matsumoto didn’t see the humour, saying the offer could be taken seriously by fellow Clinton detractors.

The Clinton offer could be viewed as “a solicitation of an assault,” the judge said before revoking Shkreli’s $5 million bail.

“This is not protected by the First Amendment,” the judge said. “ ... There’s a risk that somebody may take him up on it.”
Former pharmaceutical CEO Martin Shkreli. Photo: AP
Former pharmaceutical CEO Martin Shkreli. Photo: AP

The government had told the judge that the message had alarmed the Secret Service detail that protects Clinton, a Democratic former presidential candidate and first lady. It also argued that it fit a pattern of veiled threats against female journalists who rebuffed Shkreli’s social media advances and of taunts aimed at prosecutors in his case.

On Wednesday morning, Shkreli, often called the Pharma Bro, wrote to the court apologising for his behaviour, saying, “I am not a violent person.”

But for the judge, it was too little, too late.

“He doesn’t have to apologise to me,” she said. “He should apologise to the government, the Secret Service and Hillary Clinton.”

Shkreli watched in silence as the hearing unfolded and sometimes put his head down and appeared to scribble notes. After the judge’s ruling, he remained expressionless as deputy US marshals led him out a side door of the courtroom without handcuffing him.
Former drug company executive Martin Shkreli exits US District Court after being convicted of securities fraud last month. Photo: Reuters
Former drug company executive Martin Shkreli exits US District Court after being convicted of securities fraud last month. Photo: Reuters

The government sought to get Shkreli locked up as a danger to the community amid the fallout from his social media post, which read: “The Clinton Foundation is willing to KILL to protect its secrets. So on HRC’s book tour, try to grab a hair from her. I must confirm the sequences I have. Will pay $5,000 per hair obtained from Hillary Clinton.”

The defence insisted it was merely a tasteless joke comparable to some of President Donald Trump’s derisive comments.

“Indeed, in the current political climate, dissent has unfortunately often taken the form of political satire, hyperbole, parody or sarcasm,” the defence’s court papers said. “There is a difference, however, between comments that are intended to threaten or harass and comments – albeit offensive ones – that are intended as political satire or strained humour.”

Shkreli, who is best known for hiking up the price of a life-saving drug and for trolling his critics on social media, was found guilty last month on charges, unrelated to the price-fixing scandal, that he cheated investors in two failed hedge funds he ran. The defence had argued that investors got their original investments back and even made hefty profits.

Shkreli faces up to 20 years in prison at sentencing, set for Jan. 16.