thedailybeast.com - 10 days ago
Martin Shkreli's Bail Revoked, Taken Into Custody
Martin Shkreli remanded into custody on Wednesday after a judge revoked his bail.
Prosecutors asked for the 34-year-old "Pharma Bro" to be locked up as he awaits sentencing after he called on his followers to snip him some of Hillary Clinton’s hair. Shkreli has been out on $5 million bail ahead of, and during, his federal trial for securities fraud. A jury acquitted Shkreli on five of the eight counts he faced for charges stemming from allegedly lying to investors, and then stealing from another of his companies to pay them back. But prosecutors said his escalating antics, including continued harassment of journalists and the offer of $5,000 for whoever would get him a lock of Hillary Clinton's hair from her book tour, were a step too far. (The Secret Service had to follow up on the remark.) Shkreli apologized for his antics in a letter to the judge before the hearing. He pleaded that it "never occurred" to him that the "awkward attempt at humor or satire would cause Mrs. Clinton or the Secret Service any distress,” he wrote, adding, "I used poor judgment.”
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