"Pharma bro" Martin Shkreli was found guilty of three felony criminal charges today, including securities fraud.
From Washington Post:
“We’re delighted in many ways,” Shkreli said outside the courtroom, saying he was glad to be exonerated on many of the charges.
“This was a witch hunt of epic proportions,” he said. “They may have found some broomsticks.”
It's unlikely he would have to serve the maximum sentence of 20 years the judge could give him, and it's possible he will not have to go to prison at all and just pay a fine instead.
For years, Harry Shearer, Christopher Guest, Michael McKean and Rob Reiner have been suing Universal to get paid, citing Universal's blatantly crooked bookkeeping (Shearer received $98 in music royalties and $81 in merchandising income from the film).
You know that late-stage capitalism is upon us when a financial scandal targeting €60 billion in fraud against public treasuries is lost in the noise of other scandals.
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