In the fall of 2015, both political sides of the internet burst into flames in anger over one pharmaceutical CEO and his extremely controversial price change on a type of medication acquired by his company. In this particular case, the most hated man in America during that time period was Martin Shkreli, hedge fund manager and founder of Turing Pharmaceuticals.
 
While price changes of medications are rather common in the pharmaceutical industry, the rise of Daraprim’s cost to patients went beyond a drastic price increase and, into the realm of cruel — Turing Pharmaceuticals raised the price from approximately $13.50 a pill to about $750 a pill,  a 5456 percent increase. Giving that this medication is common in the treatment of HIV/AIDS and that many patients require the medicine to live, Turing received widespread criticism and hatred.
 
According to a February 2016 report from The Committee on Oversight and Government Reform, Daraprim was a fairly inexpensive medication before the price being described as “prohibitively expensive”  was increased. The report stated that Shkreli did not invest a penny in research and instead purchased the medicine for the sole purpose of jacking up the price and making millions for investors such as himself and blatantly bragged about the potential profits in obtained emails.
 
Shkreli became a real-life villain to many, with majority of Americans hoping for either his premature demise or that he ends up in federal prison. His callousness in the face of such controversy reinforced the “pharma bro” stereotype, as it symbolizes someone whose only goal is to make a fortune in the pharmaceutical industry.
 
Well, those who hate Shkreli now have a victory to celebrate, as he has been sentenced to seven years in prison for fraud committed during tenure as founder of biotechnology company Retrophin.
 

an image of Drug CEO Martin Shkreli Arrested and in handcuffs

Pharma CEO Martin Shkreli Arrested (cnn)

Essentially, Shkreli lied about everything from how the investments of the company were handled, management of his two hedge funds and, how much money these ventures had initially. Along with three counts of fraud, Shkreli was also convicted of conspiracy to commit securities fraud.
 
While the prosecutors argued for a 15 year sentence, the final ruling was seven years in prison with a forfeiture of $7.36 million and a fine of $75,000.
 
According to the New York Times, Shkreli explained that his criminal acts were inspired by financial gain and that his legal situation was due to gross, stupid and negligent mistakes.       
 
Even though Shkreli did pay back his investors, the convictions stood because of the malicious acts that Shkreli committed. Shkreli, along with many other millionaires turned criminals, are proof that money may never equal happiness.
 

Are you satisfied with the court’s ruling on Martin Shkreli? Tell me on Twitter at @CaptainKasoff.