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Lawyer disappointed Shkreli's bail was revoked

15 September 2017
Lawyer disappointed Shkreli's bail was revoked

Martin Shkreli is escorted from his building by Federal Bureau of Investigation agents.

"This is not protected by the First Amendment", the judge said. Except Shkreli was out on bond while awaiting sentencing for his fraud conviction, and advocating/inciting his followers to commit a crime is a crime.

Shkreli is best known as the CEO of a pharmaceutical company that hiked up the price of a life-saving drug to make massive profits.

The judge's ruling ordered that Shkreli's bail be revoked, resulting in jail time for the former CEO of Turing Pharmaceuticals, who was convicted in August of defrauding investors of two hedge funds he ran, MSMB Capital and MSMB Healthcare.

District Judge Kiyo Matsumoto in Brooklyn said the September 4 post, which prompted a call from the U.S. Secret Service, showed Shkreli posed a danger to the public that warranted revoking his $5 million bail. U.S.

That led a Brooklyn magistrate to announce she was reluctant to send female defendants to the jail, saying, "Some of these conditions wouldn't surprise me if we were dealing with a prison in Turkey or a Third World country". The judge characterized the post as a solicitation to assault another person for $5,000 and revoked Shkreli's $5 million bail.

"Shkreli has again proven he's his own worst enemy [and]. doesn't have the impulse control needed to keep him out of jail", said James Goodnow, an attorney with Fennemore Craig, a corporate defense firm. Shkreli had been promoting a conspiracy on social media about the Clinton Foundation, and asking someone to get a strand of her hair. "He should apologise to the government, the Secret Service and Hillary Clinton".

"We believe the court arrived at the wrong decision, but she's the judge and right now we will have to live with this decision", he said. I must confirm the sequences I have.

Shkreli had tried to pass off the post as satire, and he quickly deleted it shortly after it was published. "Will pay $5,000 per hair obtained from Hillary Clinton", the Facebook post stated.

Until next time, Shkreli. Shkreli is now awaiting sentencing for three counts of fraud and could face a total of 20 years in prison.

Shkreli's attorney called his client's conduct "stupid" but begged the judge to give him another chance. Shkreli edited the post to clarify he was being satirical and later took down the status, but many anxious one of Shkreli's followers would take the request seriously. "He doesn't know who his followers are".