Martin ‘Big Pharma Bro’ Shkreli Found Guilty Of Securities Fraud And Twitter’s Loving It (Tweets)

Friday served up a rare bit of good news when a jury convicted 'Big Pharma Bro' Martin Shkreli of securities fraud, and Twitter's response was jubilant.

Friday served up a rare bit of good news when a jury convicted “Big Pharma Bro” Martin Shkreli of securities fraud, and Twitter’s response was jubilant.

The Huffington Post reports the smirking hedge fund manager was found guilty on three charges of fraud, though his lawyers managed to acquit him of the other five charges.

Martin Shkreli faces jail time, though legal experts say he’ll likely receive far less than the maximum 20-year sentence he would have faced had he been found guilty of all eight counts of securities fraud, conspiracy to commit securities fraud and conspiracy to commit wire fraud. He will be sentenced at a later date.

Martin Shkreli was accused of bilking investors for two of his hedge funds from Oct. 2009-March 2014: MSMB Capital Management and MSNB Healthcare. When things went south, he then diverted millions from Retrophin, one of his pharmaceutical firms, to pay down his debt.

After being convicted of securities fraud, Martin Shkreli gave a statement outside of the U.S. District Court in Brooklyn.

“This was a witch hunt of epic proportions and maybe they found one or two broomsticks.”

Martin Shkreli became the poster boy for price-gouging Big Pharma companies and most hated man in America when he bought the company that makes EpiPens and jacked up the prices so people in need couldn’t afford them. As we at ANX reported last year, for people with life-threatening allergies — especially children — a timely shot with an EpiPen can mean the difference between life and death.

Jubilant Twitter responds to Martin Shkreli getting convicted.

Brooklyn Dad Defiant! triumphantly declared, “BOOM” upon hearing the news. In the Tri-State area, “BOOM” is actually a thing.

Benjamin Siemon joked about Martin Shkreli being on the receiving end of price gougers at the prison commissary.

James Harvey made an astute observation: U.S. District Judge Kiyo Matsumoto performed due diligence in finding a jury of 12 people who don’t hate Martin Shkreli. But apparently, couldn’t do the same when hiring the court room sketch artist.

And in case the thumbnails from the above tweet don’t get the point across, here’s a hilarious close-up.

Meanwhile, The Hummingbird noted a couple similarities between Big Pharma Bro and Donald Trump.

Yet Matt Stoller marveled at our Dept. of Justice actually convicting someone for a white collar crime.

Scott Santens heartily concurs, pointing out that Martin Shkreli only got convicted because he happened to screw over other rich people.

Because, unfortunately, Big Pharma still gets to rake in the big bucks on the backs of sick people and U.S. taxpayers.

Max Howroute SAYS if Trump appointed him to the SEC, that would be par for the course.

Heather suspects an impending appointment to Trump’s cabinet explains why Martin Shkreli’s still got that big grin on his face.

Marie Connor declared the conviction was karma for messing with the rap group, Wu-Tang Clan. In 2015, he paid $2 million for the only copy of their recording, “Once Upon a Time in Shaolin” on the condition he would not release it for 88 years. He then broke his promise and live streamed several tracks to celebrate Donald Trump winning the election but losing the popular vote.

But at least our country is finally united.

About Elisabeth Parker 193 Articles
Elisabeth Parker is a writer, editor mom, news and politics junkie, and recovering web designer. “Laws are like sausages, it is better not to see them being made.” -- Otto von Bismarck.

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