Martin Shkreli, the former hedge fund manager who earned the moniker “Pharma Bro,” is in jail after a judge revoked his $5 million bail.
The 34-year-old first came into infamy in September 2015 when it was reported that one of his companies, Turing Pharmaceuticals, had inflated the price of antiparasitic drug Daraprim from $13.50 to $750 per pill. Since then he’s been called “the most hated man in America.”
Shkreli was convicted in August of securities fraud and conspiracy to commit securities fraud, though he was able to post a $5 million bail. That bail was revoked on Wednesday, however, after a judge ruled that his thinly veiled threats against Hillary Clinton were illegal. Prosecutors argue that Shkreli poses a danger to the community after he put up a Facebook post offering a $5,000 bounty for one of Hillary Clinton’s hairs, to be taken during her book tour. The Secret Service took the threat very seriously, leading to Shkreli calling the whole thing a joke.
On Tuesday, Shkreli told presiding Judge Kiyo Matsumoto “it never occurred to me that my awkward attempt at humor or satire would cause Mrs. Clinton or the Secret Service any distress.”