Published: Thu, September 14, 2017
World | By Paul Elliott

Shkreli ordered jailed for online bounty on Hillary Clinton's hair

Shkreli ordered jailed for online bounty on Hillary Clinton's hair

"Shkreli's latest threat is concerning not only because it has required a significant expenditure of resources by the United States Secret Service, which is charged with protecting Secretary Clinton, but also because there is a significant risk that one of his many social media followers or others who learn of his offers through the media will take his statements seriously - as has happened previously - and act on them", they wrote in their motion to revoke bail. Shkreli was found guilty on three of the eight counts involving securities fraud and conspiracy to commit securities and wire fraud. 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. The judge on Wednesday set Shkreli's sentencing date for January 16.

"It never occurred to me that my awkward attempt at humor or satire would cause Mrs. Clinton or the Secret Service any distress".

In a letter addressed to Judge Matsumoto, Shkreli wrote that he "used poor judgment" and "never meant to cause alarm or promote any act of violence". The letter was addressed to Matsumoto.

Brafman suggested that Shkreli, who claims to be a supporter of President Donald Trump, was engaging in "political hyperbole" or "satire" in his comments about both women.

Shkreli, a former portfolio manager and pharmaceutical executive, was convicted on August 4 of two counts of fraud and one count of conspiracy for misrepresenting the financial state of his hedge funds to investors.

Michael Bachner, a leading NY criminal defense lawyer, earlier Wednesday told CNBC he did not believe Shkreli should have his bail revoked. Clinton is promoting "What Happened", her memoir of the presidential campaign.

It remains to be seen how the court responds to this apology, and whether or not he will remain free before sentencing.

Matsumoto, during Shkreli's trial this summer, imposed a virtual gag order on him that barred him from talking about the case in public around the courthouse after he gave an impromptu press conference to reporters and called prosecutors in the case the "junior varsity".

"He is just incapable of controlling himself", Lefcourt said.

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