Martin Shkreli was jailed late Wednesday after a federal judge revoked his bail after the notorious “pharma bro” offered a bounty last week for locks of Hillary Clinton’s hair. Judge Kiyo Matsumoto’s ruling came after prosecutors argued Shkreli was a danger to the public, citing repeated online threats and harassing comments. On Tuesday, Shkreli apologized for the since-deleted Facebook posts in which he offered $5,000 for strands of Clinton’s hair. While he claimed it was a joke, the Secret Service took it seriously and opened an inquiry into the matter. In August, Shkreli was convicted of defrauding hedge-fund investors, and faces up to 20 years in prison. His sentencing is scheduled for January.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Latest posts by Market Watch (see all)
- Economic Preview: Looking for a cheap loan? Watch this inflation number to see where rates go next - September 23, 2017
- NewsWatch: This is (probably) how low Apple’s stock will go - September 23, 2017
- After the hurricanes: What to know before retiring abroad - September 23, 2017