Martin Shkreli's $5M Bail Revoked After Facebook Post Asking For Clinton Hair

Martin Shkreli's $5M Bail Revoked After Facebook Post Asking For Clinton Hair

Martin Shkreli's $5M Bail Revoked After Facebook Post Asking For Clinton Hair

The post Martin Shkreli Jailed for Hillary Clinton Facebook Post appeared first on InvestorPlace.

Judge Matsumoto also pointed a post made in July where he said he would have sexual encounters with the journalist Lauren Duca.

For now, Shkreli will await his January 16 sentencing at Metropolitan Detention Center in Greenwood instead of his Manhattan apartment, which was a familiar backdrop for his live-streamed bluster.

Shkreli gained notoriety when he made a decision to hike up the price of an AIDS medication -the 62-year-old drug Daraprim - from $13.50 to a whopping $750 while running Turing Pharmaceuticals.

Once dubbed "The Most Hated Man in America" for jacking up the price of an HIV drug, the 34-year-old was convicted of securities fraud last month for mismanaging two investment funds.

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. But his behavior changed when Matsumoto said that she had chose to jail him, and he sat quietly at the defense table for the rest of the hearing.

Shkreli's Facebook post had the Secret Service on high alert, and prosecutors asked for the judge to revoke his bail, calling it "an escalating pattern of threats and harassment". Now his defense tried to say that, look, other politicians like Donald Trump have said disgusting things and they didn't have their bail revoked, and needless to say that argument didn't work.

Freed on a five-million-dollar bail while awaiting sentencing, Shkreli was hauled back into court to answer for having offered a $5,000 reward to anyone who would grab a strand of Clinton's hair.

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 should apologise to the government, the Secret Service and Hillary Clinton". I must confirm the sequences I have.

Martin Shkreli says his caustic social media rants shouldn't be taken so seriously.

"$5,000 but the hair has to include a follicle".

Shkreli said in a letter to Matsumoto on Tuesday that his Facebook post was meant as satire.

Mr. Shkreli's lawyer, Benjamin Brafman, argued at the hearing that Mr. Shkreli was not violent and that the post had been "a momentary lapse in judgment".

"What's amusing about that", Matsumoto responded.

"This is a solicitation of assault". He faces up to 20 years in prison, though his attorneys have said he would likely get much less.

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