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Jury Convicts Martin Shkreli of Fraud

06:35 EDT 9 Aug 2017 | CHEManager

Martin Shkreli, the eccentric former CEO of Turing Pharmaceuticals, who made headlines in 2015 by jacking up the price of Daraprim (pyrimethamine), a 62-year-old drug used to treat toxoplasmosis, from $13.50 to $750 per pill, was convicted of fraud on Aug. 4. After a four-week trial, the jury in Brooklyn, New York, found the 34-year-old guilty on three out of eight counts of fraud, two of which could carry a maximum sentence of 20 years in prison.

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