Martin Shkreli Found Guilty Of Fraud

BYAron A.Updated on November 22, 202283 Views

Martin Shkreli is facing 20 years in prison.

In a report from CNBC, they say that pharmabro and most hated CEO in America, Martin Shkreli, has been officially been found guilt of three out of eight counts of his charges including fraud. He was formally convicted of committing security fraud and two counts of security fraud. He will be facing up to 20 years in prison for these charges.

Shkreli made himself known initially for hiking the price of AIDS medication, Daraprim, by 5,000 per cent. He later became an enemy to the hip hop community after purchasing the one off Wu-Tang Clan album Once Upon A Time In Shaolin and at one point, threatening to destroy it. He also claimed to have a copy of the long-awaited Carter V and leaked the song featuring Kendrick Lamar, which as you would expect, didn't please Lil Wayne.

Speaking to the press after the case, he referred to the trial as a "witch hunt of epic proportions."

Watch the clip from CBS News' Twitter below:

https://twitter.com/_/status/893546478647595010

About The Author

Aron A.

Aron A. is a features editor for HotNewHipHop. Beginning his tenure at HotNewHipHop in July 2017, he has comprehensively documented the biggest stories in the culture over the past few years. Throughout his time, Aron’s helped introduce a number of buzzing up-and-coming artists to our audience, identifying regional trends and highlighting hip-hop from across the globe. As a Canadian-based music journalist, he has also made a concerted effort to put spotlights on artists hailing from North of the border as part of Rise & Grind, the weekly interview series that he created and launched in 2021. Aron also broke a number of stories through his extensive interviews with beloved figures in the culture. These include industry vets (Quality Control co-founder Kevin "Coach K" Lee, Wayno Clark), definitive producers (DJ Paul, Hit-Boy, Zaytoven), cultural disruptors (Soulja Boy), lyrical heavyweights (Pusha T, Styles P, Danny Brown), cultural pioneers (Dapper Dan, Big Daddy Kane), and the next generation of stars (Lil Durk, Latto, Fivio Foreign, Denzel Curry). Aron also penned cover stories with the likes of Rick Ross, Central Cee, Moneybagg Yo, Vince Staples, and Bobby Shmurda.

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