Pharma Bro Martin Shkreli Lied to Us

The well-known Pharma Bro Martin Shkreli goes to jail

Martin Shkreli is known as the Pharma Bro, turned out to be a liar. He has actually lied to the investors about the money and the price, and he has been sentenced to jail for seven years. Mr. Shkreli, 34, is well-known for raising the price of a drug(name: Daraprim, by 5,000 percent. A jury convicted Mr. Shkreli called as Pharma Bro concluding that he had lied to the investors about the price and how the hedge funds were managed, what they have invested in and how much money they had. The jury found that he actually had a huge number of Retrophin shares kept in secret.

However, Mr.Shkreli said that he was never motivated by money, as he wore dark prison scrubs and sat at the defense table. During the judgment day, he actually cried as the judge gave the statement even added that he wanted to grow his stature and his reputation. He said that he was here because of my gross, stupidity and negligent mistakes he made. His sentence was to return nearly $7.4 million to the government and other things he had bought with the "fraud" money. According to USA TODAY, the things he had bought with the "fraud" money were: "Once Upon A Time in Shaolin" a one-of-a-kind album by the hip-hop group Wu-Tang Clan, as well as any proceeds from the album's sale,

The album "Tha Carter V," by rapper Lil Wayne,

Painting by famed Spanish artist Pablo Picasso,

Enigma Machine, one of the tech products British code-breakers used to guess German messages during World War II.

Now, even though Martin Shkreli has been sentenced seven years in jail, people were not happy. They had wanted Martin Shkreli to be punished for cruelly hiking up the prices of life-saving medications. However, the crime Shkreli has been convicted of is defrauding investors on two different funds and attempting to manipulate the price of his company. Which means that he was not accused of raising the prices of life-saving medications. Some people became angry when they had heard this and posted their thoughts on Facebook.