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.
World’s most punchable face Martin Shkreli suffers TKO by Lady Justice: guilty on 3 counts of securities fraud. BOOM. pic.twitter.com/bbjfeYL2D4
— BrooklynDad_Defiant! (@mmpadellan) August 4, 2017
Benjamin Siemon joked about Martin Shkreli being on the receiving end of price gougers at the prison commissary.
Martin Shkreli at prison commissary:
“Can I buy shower sandals?”
“That’ll be $700”
“I thought it was $13.50”
“The price suddenly went up”
— Benjamin Siemon (@BenjaminJS) August 4, 2017
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.
Sure, they had search high and low to find a jury who don’t hate Martin Shkreli. The sketch artist? Not held to the same standards pic.twitter.com/C94Q7MWtvX
— James Harvey (@jamesharveytm) August 4, 2017
And in case the thumbnails from the above tweet don’t get the point across, here’s a hilarious close-up.
Court artist’s depiction of pharmadouche Martin Shkreli as Gollum, basically. pic.twitter.com/PCIex2fA4A
— Nasri Atallah (@NasriAtallah) August 4, 2017
Meanwhile, The Hummingbird noted a couple similarities between Big Pharma Bro and Donald Trump.
RT if you agree Martin Shkreli & Donald Trump are very similar.
They are both frauds.
Trump will be brought to justice, just like Shkreli. pic.twitter.com/5ZO0zex6XP
— The Hummingbird (@SaysHummingbird) August 4, 2017
Yet Matt Stoller marveled at our Dept. of Justice actually convicting someone for a white collar crime.
Martin Shkreli was so unappealing and obnoxious that the DOJ convicted him of a white collar crime. https://t.co/DYvTHXZtGB
— Matt Stoller (@matthewstoller) August 4, 2017
Scott Santens heartily concurs, pointing out that Martin Shkreli only got convicted because he happened to screw over other rich people.
I’d like to think the conviction of Martin Shkreli is a lesson to not f over society, but really it’s just a lesson to not f over the rich.
— Scott Santens (@scottsantens) August 4, 2017
Because, unfortunately, Big Pharma still gets to rake in the big bucks on the backs of sick people and U.S. taxpayers.
Shkreli’s greed is in the spotlight today, but fraud remains the business model of the prescription drug industry. https://t.co/rkjyQCzKoY
— Our Revolution (@OurRevolution) August 4, 2017
Max Howroute SAYS if Trump appointed him to the SEC, that would be par for the course.
Well, here’s a moment a ‘Pharma Bro’ Martin Shkreli is taking a selfie for his new position at Trump’s US Security & Exchange Commission???????? pic.twitter.com/ldhWPMDeVp
— Max Howroute (@howroute) August 4, 2017
Heather suspects an impending appointment to Trump’s cabinet explains why Martin Shkreli’s still got that big grin on his face.
Is Martin Shkreli grinning because Trump will pardon him and add him to his cabinet?
— Heather (@teach_tao) August 4, 2017
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.
People tried to tell Martin Shkreli that Wu-Tang Clan was nothing to fuck with #PharmaBro
— Marie Connor (@thistallawkgirl) August 4, 2017
But at least our country is finally united.
It’s good to see the country come together in agreement that we all want Martin Shkreli to go to jail
— Lane Sorkin (@lasork) August 4, 2017