Federal prosecutors said Friday that Martin Shkreli, the former hedge fund manager known for raising the price of a critical drug, should lose more than $ 7 million in badets after being convicted of lying to investors.
Shkreli should deliver two rap albums, the only known copy of "Once Upon a Time in Shaolin" by Wu-Tang Clan and "Tha Carter IV" by Lil Wayne, as well as $ 5 million in cash, interest in a company that founded, Touring Pharmaceutical, and a painting of Picbado, prosecutors said. They also asked to renounce an Enigma codebreaker from the Second World War used against Nazi Germany.
Shkreli is being held at the Metropolitan Detention Center in Brooklyn, New York, while awaiting sentencing. The prosecutors' request did not mention how long they think it should serve. The most serious changes can lead to up to 20 years in prison.
The loss of $ 7,360,450 "represents a conservative estimate of the income that Shkreli personally obtained as a result of his three different offenses of bail bond fraud," Bridget M. Rohde Shkreli's lawyer did not immediately respond to a request for comment .
Shkreli was convicted this summer of tricking investors into two of its hedge funds, MSMB Capital and MSMB Healthcare. He lied to get his money and then to cover up mbadive losses after he made a bad bet on stocks, according to prosecutors. Shkreli challenged the charges and tried to convince the jury with a simple rebuttal: his investors were rich and sophisticated and finally made them richer.
The infamy of the former hedge fund manager depended on the case, beginning with the selection of the jury when the judge struggled to find possible jurors who no longer disliked him. It is best known for raising the price of Daraprim, a 62-year-old drug used primarily to treat newborns and HIV patients, from $ 13.50 to $ 750 per pill. Shkreli faced a flurry of criticism about the move, but instead of reducing his attention, he often battled his online critics and earned the nickname "Pharma Bro" for his antics.
Even after being convicted, Shkreli struggled to suppress his quirks. instincts and stay away from social networks. In September, a federal judge revoked bail after prosecutors complained that their antics outside the court posed a danger to the community. Shkreli harbaded women online, prosecutors argued, and even offered her Facebook followers $ 5,000 to grab a lock of Hillary Clinton's hair during her book tour.