‘Pharma Bro' Martin Shkreli, Once Backed by Prominent Dallas Investors, Gets 7 Years in Prison

The smirk wiped off his face, a crying Martin Shkreli was sentenced to seven years in prison for securities fraud Friday in a hard fall for the pharmaceutical-industry bad boy vilified for jacking up the price of a lifesaving drug.Shkreli, the boyish-looking, 34-year-old entrepreneur dubbed the "Pharma Bro" for his loutish behavior, was handed his punishment after a hearing in which he and his attorney struggled with limited success to make him a sympathetic figure. His own lawyer confessed to wanting to punch him in the face sometimes.Several of Shkreli's early investors were prominent Dallas businessmen, including venture capitalist Darren Blanton, Rosewood Corp chairman Schuyler B. Marshall and hedge fund manager John Neill. All three testified at Shkreli's trial.  Continue reading...

Copyright The Dallas Morning News
Contact Us