(Bloomberg) — Martin Shkreli, once dubbed "the most hated man in America," is now a convicted felon.
Shkreli, notorious for raising the price of the potentially life-saving drug Daraprim by 5,000 percent, was found guilty Friday of defrauding investors in two hedge funds.
He is now almost certain to go to prison. Shkreli faces as long as 20 years behind bars, although he’s likely to serve much less. U.S. District Judge Kiyo Matsumoto allowed him to return home and wished Shkreli well after the verdict was read. She said she would see him soon, though she hasn’t set a date for sentencing.
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