A shitpost on Facebook has landed Martin Shkreli back in federal custody.
A USA judge on Wednesday ordered Martin Shkreli to be jailed while he awaits sentencing for securities fraud, citing a Facebook post in which the former drug company executive nicknamed the "Pharma Bro" offered a $5,000 reward for a strand of Hillary Clinton's hair. His sentencing will take place on January 16.
Shkreli, 34, is best known for raising the price of an AIDS drug by 5,000 percent but was convicted by a Brooklyn jury of defrauding the investors in his hedge funds.
The judge said Wednesday that's not protected by the First Amendment and there's "a risk someone may take" Shkreli up on his offer.
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".
"Pharma Bro" Shkreli's bond revoked after...
Attorney Ben Brafman said outside court Wednesday he believes the judge "arrived at the wrong decision". Shkreli's defense argued his offer to pay $5,000 for a strand of Hillary Clinton's hair was "political satire or strained humor".
But a court in NY decided that Shkreli's offer to pay for a Hillary Clinton hair with the follicle was "solicitation of an assault".
"He is soliciting an assault on another person in exchange for $5,000", Matsumoto said.
Shkreli himself had written to the judge apologizing for his "poor judgment" and insisting he "never meant to cause alarm or promote any act of violence whatsoever".
"I can't say with any certainty that the threats have not been taken seriously by anybody". I must confirm the sequences I have.
Shkreli's lawyer, Benjamin Brafman, argued at the hearing that Shkreli was not violent and that the post had been "a momentary lapse in judgment".
Shkreli's attorney called his client's conduct "stupid" but begged the judge to give him another chance.
"Will pay $5,000 per hair obtained from Hillary Clinton". Matsumoto responded. "He doesn't know who his followers are".
"I understand now, that some may have read my comments about Mrs. Clinton as threatening, when that was never my intention when I made the comments", Shkreli wrote in the letter. Shkreli is now awaiting sentencing for three counts of fraud and could face a total of 20 years in prison.