Former pharmaceutical CEO Shkreli upbeat, defiant after NYC conviction
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Former pharmaceutical CEO Martin Shkreli is upbeat and defiant following his conviction at his New York City securities fraud trial.
Shkreli was convicted Friday of three of eight counts against him. He said outside court that he was "delighted to report" that he was acquitted of what he called "the most important charges" in the case. Prosecutors say Shkreli looted his drug company to pay back investors in two failed hedge funds he ran. The defense says investors got their original investments back and even made hefty profits.
Shkreli called the prosecution "a witch hunt of epic proportions." He joked that maybe prosecutors "found one or two broomsticks." The judge continued Shkreli's $5 million bail, allowing him to stay out of prison.
