I was Martin Shkreli's prison pen pal

Martin Shkreli sentenced to seven years in prison

A jury in August found Shkreli guilty of defrauding investors in two hedge funds he ran, MSMB Capital and MSMB Healthcare, by sending them fake account statements and concealing huge losses.

Martin Shkreli, the pharmaceutical industry's enfant awful, was sentenced on Friday (March 9) to seven years in prison, putting an end to a saga that captivated and sometimes enraged Washington, Wall Street and the tabloids.

"Pharma Bro" Martin Shkreli cried like a baby before he was sentenced to seven years in prison for defrauding investors.

Shkreli said he made "gross, stupid and negligent mistakes", and that while he disagrees with the picture the prosecution painted of him, "I am not going to be baited into going into the mud". You deserve far better'.

Shkreli became the face of pharmaceutical industry evil in 2015 when he increased by 5,000 percent the price of Daraprim, a previously cheap drug used to treat toxoplasmosis, a parasitic infection that can be fatal to people with the AIDS virus or other immune system disorders.

Addressing his investors, he choked back tears to say, "I am terribly sorry I lost your trust".

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The child of working-class immigrants from Albania and Croatia, Shkreli landed his first job as a 17-year-old college intern for Jim Cramer, the hedge fund manager and host of CNBC's Mad Money. In fact, Matsumoto sent him back to jail for the stunt that Shkreli later claimed was a joke. Shkreli was forced to resign in December 2015 after he was arrested by the Federal Bureau of Investigation and charged with securities fraud.

Shkreli is set to be sentenced at the end of this week, and in anticipation of that sentencing he recently wrote a long letter to the judge, requesting a lenient sentence of somewhere between 12 and 18 months, a light prison stay compared to the ten years or more that many legal experts are expecting him to get. She said it was clear he is a "tremendously gifted individual who has the capacity for kindness".

Shkreli, 34, remained hunched over and expressionless when the sentence was announced.

The defense had asked the judge to consider the letters in its case for leniency, including professionals he worked with who vouched for his credentials as a self-made contributor to pharmaceutical advances. "I know what it means to tell the truth and what it means to lie".

According to reporters present in the Brooklyn courtroom, Shkreli gave an emotional and tearful speech prior to his sentencing, taking blame and responsibility for his actions and saying he had changed as a person since his conviction. The judge revoked his bail and threw him in jail, a decision that she defended Friday.

Matsumoto said he will receive credit for the time he has served since September. He also went viral after he purchased a Wu-Tang Clan album for $2 million and then used it as a coaster. In addition to prison, he has been ordered to pay over $7 million to the federal government in restitution.

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