Former pharmaceutical CEO Martin Shkreli will sit in jail until he is sentenced on charges of defrauding investors, following threats he made against Hillary Clinton on Facebook.
Shkreli’s $5 million bond was revoked by Judge Kiyo Matsumoto and he has been remanded to prison by a federal judge on Wednesday, after he offered a $5000 bounty on Facebook to anyone who could obtain a sample of former presidential candidate Hillary Clinton‘s hair. Shkreli was initially awaiting sentencing on bond after stealing millions from investors.
The “Pharma Bro,” as Shkreli has been dubbed, is best known for the astronomical price hike of a life-saving drug from $13.50 to $750 overnight.
The former CEO filed a letter with the court on Monday, addressed to Matsumoto, apologizing for the distasteful social media post, which he later claimed was only satire.
“I wanted to personally apologize to this Court and my lawyers for the aggravation that my recent postings have caused,” Shkreli wrote. “I understand now, that some may have read my comments about Mrs. Clinton as threatening, when that was never my intention when making those comments. I used poor judgment but never intended to cause alarm or promote any act of violence whatsoever.”
Steven E. Johnson is a Mississippi-based author who covers social injustice and political issues. You can contact him at stevejlive at gmail dot com