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Former Drug Company Exec Martin Shkreli Convicted of Fraud
A U.S. businessman, who made a dubious name for himself by jacking up the price of a lifesaving drug by more than 5,000 percent, has been convicted of securities fraud.
A Brooklyn jury, after five days of deliberations, found Martin Shkreli guilty Friday on two counts of securities fraud and a single count of conspiracy. He was acquitted on five other charges.
The 34-year-old entrepreneur was arrested in 2015 on charges he looted a drug company he founded of $11 million in stock and...