Martin Shkreli Asks For Leniency Ahead Of Sentencing
The former pharmaceutical CEO sent a letter to the judge saying, "I still believe that I am a good person with much potential."
LEARN MOREPosted: 7:18 p.m. EST Mar 5, 2018
A federal judge has ordered former pharmaceutical CEO Martin Shkreli to forfeit nearly $7.4 million because of his fraud convictions last year.
This means he'll have to give up some of his prized possessions, including a painting by Pablo Picasso, a copy of the unreleased Lil' Wayne album "Tha Carter V" and the world's only pressing of the Wu-Tang Clan album "Once Upon a Time in Shaolin."
In August, a jury convicted Shkreli of securities fraud while he was a portfolio manager at a hedge fund.
He'll be sentenced in federal court on Friday and faces up to 20 years in prison.
