Former drug company executive Martin Shkreli has been jailed after a federal judge on Wednesday revoked the $5 million bail and he was taken into custody on Sept. 13, after posting a Facebook message offering a $5,000 reward for a strand of Hillary Clinton’s hair.
While awaiting sentencing, Shkreli has harassed women online, prosecutors argued. Shkreli faces up to 20 years in prison for securities fraud, has apologized in writing, saying that he did not expect anyone to take his online comments seriously, and his attorneys pleaded with the judge Wednesday to give him another chance.
“The fact that he continues to remain unaware of the inappropriateness of his actions or words demonstrates to me that he may be creating ongoing risk to the community,” said U.S. District Judge Kiyo Matsumoto, in revoking his bond.
“This is a solicitation of assault. That is not protected by the First Amendment.”
Shkreli, 34, is best known for raising the price of an AIDS drug by 5,000 percent but he was convicted by a Brooklyn jury of defrauding the investors in his hedge funds