On March 5, 2018, Shkreli was ordered to forfeit nearly $7.4 million in assets. The court ordered that if Shkreli had insufficient cash to fulfill the forfeiture order, his assets—including a piece of art by Pablo Picasso, his unique Wu-Tang album Once Upon a Time in Shaolin, the unreleased Lil Wayne album Tha Carter V, and Shkreli’s pharmaceutical company shares could be seized.
On March 9, 2018, Shkreli was sentenced to seven years in federal prison.
Martin Shkreli was sentenced to seven years in prison for defrauding investors out of more than $10 million. During his sentencing on Friday in Brooklyn federal court, Shkreli, 34, broke into tears and pleaded with the judge for leniency as she passed him a box of tissues.
On August 4, 2017, the trial jury found Shkreli guilty on two counts of securities fraud and one count of conspiracy to commit securities fraud, and not guilty on five other counts. Shkreli said he was delighted with the outcome and described his prosecution as “a witch hunt of epic proportions.”
Here’s footage from yesterday’s sentencing.
