NEW YORK — Sep 13, 2017, 9:16 PM ET

The Latest: Lawyer disappointed Shkreli's bail was revoked

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The Latest on former pharmaceuticals company CEO Martin Shkreli (all times local):

9:15 p.m.

A defense attorney says he's disappointed in a judge's decision to revoke bail for former pharmaceuticals company CEO Martin Shkreli (SHKREL'-ee) and jail him in New York while he awaits sentencing in a securities fraud case.

Attorney Ben Brafman said outside court Wednesday he believes the judge "arrived at the wrong decision." But he says Shkreli will have to live with it.

The judge sided with a government demand to jail Shkreli following his provocative online antics. Shkreli's defense argued his offer to pay $5,000 for a strand of Hillary Clinton's hair was "political satire or strained humor." The government called it a threat.

Shkreli is best known for hiking up the price of a life-saving drug and for trolling his critics online.

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6:30 p.m.

A judge who revoked the bail of former pharmaceuticals company CEO Martin Shkreli (SHKREL'-ee) and had him taken to jail says his offer to pay a $5,000 bounty for a Hillary Clinton hair with the follicle was "solicitation of an assault."

The judge said Wednesday that's not protected by the First Amendment and there's "a risk someone may take" Shkreli up on his offer.

Shkreli is awaiting sentencing for a securities fraud conviction. His defense argued in court papers his recent offer to pay the $5,000 bounty for Clinton's hair was "political satire or strained humor." The government calls the comments threats worthy of revoking the bail of the so-called Pharma Bro.

Shkreli is best known for hiking up the price of a life-saving drug and for trolling his critics online. He has said he feels "exonerated" despite his conviction.

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6:05 p.m.

Former pharmaceuticals company CEO Martin Shkreli (SHKREL'-ee) has had his bail revoked and is going to jail in New York while he awaits sentencing for a securities fraud conviction.

A judge at a Wednesday hearing sided with a government demand to jail Shkreli following his provocative online antics.

Shkreli's defense argued in court papers filed Tuesday his recent offer to pay a $5,000 bounty for a Hillary Clinton hair with the follicle falls under the category of "political satire or strained humor." The government calls the comments threats worthy of revoking the bail of the so-called Pharma Bro.

Shkreli is best known for hiking up the price of a life-saving drug and for trolling his critics online. He has said he feels "exonerated" despite his conviction.

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12:20 a.m.

A federal judge in New York is considering whether the provocative online antics of former pharmaceuticals company CEO Martin Shkreli (SHKREL'-ee) are bad enough to put him behind bars.

The judge has scheduled a Wednesday hearing to consider a government demand to jail Shkreli while he awaits sentencing for a securities fraud conviction.

Shkreli's defense argued in court papers filed Tuesday his recent offer to pay a $5,000 bounty for a Hillary Clinton hair with the follicle falls under the category of "political satire or strained humor." The government calls the comments threats that should be grounds for revoking the bail of the so-called Pharma Bro.

Shkreli is best known for hiking up the price of a life-saving drug and for trolling his critics online. He has said he feels "exonerated" despite his conviction.

News - The Latest: Lawyer disappointed Shkreli's bail was revoked

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  • Focus

    Good for the judge. I wonder if he still finds the whole thing as amusing now. Maybe his smarmy cat that swallowed the canary grin will disappear now. The little twerp needs to learn some hard lessons.

  • Dwight Francis david

    Smuck

  • running33

    This moron being sent to jail perfectly fits the definition of poetic justice: a result or occurrence that seems proper because someone who has done bad things to other people is being harmed or punished.
    Thank you Judge!

  • E Sverdrup

    He seems to be getting a little mental. I wonder if he would progress in evilness.

  • Marco LaCartouche

    Shkreli must live an isolated life as I can't imagine him being able to make friends,furthermore,he has to be one of the most detested persons in America.Hopefully,going to jail will wipe that smirk off his face !!

  • Joe Menn

    I can't imagine anyone expected Shrek's lawyer to say he was happy his client talked himself into jail, but it sure sounds like the lawyer was resigned to the fact that his client is an insufferable jackass.

  • SearingTruth

    Suck the life out of them.

    For profit.

    And if they don't have the money let them die.

    That's all Mr. Shkreli is saying fellow citizens.

    And it's the exact same thing "Health Insurance" companies say millions of times a day in America.

    So what's the problem now? One guy saying it versus corporations with billions of dollars to make it sound better?
    ST

  • Fatesrider

    At SOME point, you'd think that Shkreli's lawyer wouldn't have to sit him down and explain that it's an amazingly stupid thing to put a bounty on body parts of individuals who are still under secret service protection.

    And yet, that's what Shkreli's lawyer had to do.

    "You did a stupid thing, Martin. I told you not to do stupid things, and you did a stupid thing."
    "But it wasn't stupid. It was just me being me!"
    "You're a putz, Martin."
    "Can you get me out?"
    "No, Martin, you're going to jail and there's nothing I can do. If you're not bright enough to not do stupid things, well, I suspect jail will teach you that doing stupid things has consequences."

    As long as Shkreli comes out without that smug smirk, I'll be satisfied.

  • BobbyBarker

    Karma. It's sweet when it finally comes.

  • Lulu Smyth

    While I cannot stand the guy, Shrekali is simply being made an example of in a ruse to show the public that the govt is "doing something" about such price gouging. I will believe it when they place the CEOs of all big Pharma in the same cell as him. Right now he is placed in a jail with out much wrong doing other than running his mouth.

  • SearingTruth

    "Evil was discount, injustice blind to our eye, and deafness a feign of peace to the cries of torture and seal of loss.

    Surely, we thought, this will save us."
    SearingTruth

  • SearingTruth

    "Objects in the mirror may seem smaller than they appear."
    SearingTruth

    Yeah, I said that.
    ST

  • Tegbessou Géléhéso

    Well I'm sure this is not the last we'll hear of Shkreli...what was it Forest Gump use to say?

  • Ursus Sapiens

    Swamp Thing was cancelled years ago. Somehow he still pops up in the news?

  • SearingTruth

    "For each kick in the nuts a greater kick will be returned."
    SearingTruth

    Okay, just kidding. I never really said that :)
    ST

  • Edup McD

    Attorney Ben Brafman should not be disappointed in the judge, instead, he should be kicking himself for representing a narcissitic punk w/no ability to restrain his big ugly mouth ...
    Trump would probably love to have Shkreli as his son ...

  • SMRT

    Good.

    Also he has a stupid name.

  • MadBrother

    About time this bozo was punished. He's been pushing the limits for far too long. Also fine him $70 million. Pretty sure he didn't get it honestly.

  • Dicazi

    What does he want to do?
    Clone her?

  • mike dempsey

    Keep your back to the wall.

  • SearingTruth

    "Hate only works for a little while."
    SearingTruth

  • odinsleep

    the lawyer said what a lawyer is supposed to say.

    the fool would still be out if he could keep his stupid mouth shut, it is his own fault his bail was revoked.

    the public is disappointed we can not slap the fool every time he opens his mouth.

  • tet1953

    Enjoy prison, bro.

  • Harrison2253

    Americans are too lazy to do what they should do to maintain their health. They would rather take a pill to solve all their physical problems and the doctors and drug companies are more than willing to indulge them.

  • Franck Sasser

    Shkreli's ilk gets us socialized medicine within two years. So in effect he is indeed working for the public good.

  • Franck Sasser

    Most of the big Pharma boys make Shkreli look like a philanthropist.

  • Discrimination is not a right.

    ✌🏿👏🏼👏🏼👏🏼👏🏼

    GOOD

  • Puddin' Twain

    Pharma Dude is obviously angling for a high-level position in the Trump administration.

  • Another commenter

    Ladies and Gentlemen, the next President of the United States of America!

  • MarkM

    Best news I've read in a long time. What a jerk.

  • wescraske

    The judge seems to have matters well in hand: safe to assume the message will be delivered!

  • Life's a River

    This is almost as good as when OJ got sent to jail for his incredibly stupid armed robbery of his own memorabilia.

  • StillThatSameGuy

    Good. I hope its permanent.

  • pfon71361

    True to form, Mr. Shkreli has a habit of putting his foot in his mouth. Flippancy, irreverence, and sarcasm as a way of life may serve his purposes but they leave everyone else decidedly unimpressed. An absurd bounty on a lock of Hillary Clinton's hair was something even his lawyers could not successfully explain away. His buffoonery has become a sad tragedy and his audience, what there was of it, has long since stopped laughing.

  • SpankyHamm

    "Ha ha" (points) - Nelson Muntz

  • Geoffrey Spears

    So, the judge just cost the tax payers of NYC $40,000 to house, guard and care for this guy for 4 months because she got upset by his joke Facebook post?