Martin Shkreli has bail revoked in securities fraud case, heads to jail

Martin Shkreli

Federal prosecutors want a judge to revoke bail for Martin Shkreli after he offered money to anyone who could grab Hillary Clinton's hair.

"I understand now, that some may have read my comments about Mrs. Clinton as threatening, when that was never my intention when making those comments", Shkreli wrote in the letter. Shkreli offered his Facebook followers $5,000 to grab a strand of Hillary Clinton's hair during her book tour, prompting the Secret Service to seek an interview with him. He is scheduled to attend a hearing Wednesday afternoon on a request by prosecutors to revoke his bail because of what he said about Clinton.

Shkreli, who was found guilty on two counts of securities fraud, caught the Secret Service's attention after he wrote a Facebook post last week that read: "The Clinton Foundation is willing to KILL to protect its secrets".

USA prosecutors had moved to jail Shkreli last Thursday.

Matsumoto, during Shkreli's trial this summer, imposed a virtual gag order on him that barred him from talking about the case in public around the courthouse after he gave an impromptu press conference to reporters and called prosecutors in the case the "junior varsity".

Shkreli has said he feels "exonerated" despite his conviction and thinks there's a "50-50 chance" he won't face any punishment. To the contrary, within minutes of posting my remarks about Mrs. Clinton's hair, I posted quite clearly that I was absolutely "not" encouraging anyone to assault anyone.

His lawyer, Benjamin Brafman, said that a distinction should be made between crude satire and bona fide threats or harassment.

Shkreli, who has yet to be sentenced, apologized to Matsumoto in writing Tuesday and his attorneys argued that his comments, while distasteful, did not make him unsafe. The price gouging actually had nothing to do with Shkreli's federal charges and subsequent convictions, which centered on a separate company run by the hedge funder-turned-biotech executive. His sentencing is set for January 16.

Brafman said that Shkreli should not be jailed because he "never intended any harm or violence".

"Shkreli's own prior actions, and his influence over others who have previously acted in reliance of his statements, demonstrate why the government view his latest actions with concern", prosecutors told the court.

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