A U.S. judge on Wednesday ordered Martin Shkreli to be jailed while he awaits sentencing for securities fraud, citing a Facebook post in which the former drug company executive offered a $5,000 reward for a strand of Hillary Clinton's hair. Nathan Frandino reports.
He's going to jail and it's over a strand of Hillary Clinton's hair. Former drug company executive Martin Shkreli A.K.A. Pharma Bro - on September 4th posted a Facebook message offering a $5,000 reward for A STRAND OF CLINTON'S HAIR. That prompted an investigation from the U.S. secret service. A federal judge said the Facebook post showed Shkreli posed a danger to the public and on Wednesday revoked his $5 million bail. Shkreli awaits sentencing after being convicted in August of defrauding investors of two hedge funds he ran, MSMB Capital and MSMB Healthcare. He became infamous for raising the price of anti-infection drug Daraprim by 5,000 percent in 20-15 while he was chief executive of Turing Pharmaceuticals gaining him the nickname Pharmabro. Shkreli THIS WEEK apologized for the Facebook post. But now he'll have to wait his sentencing out in jail. He faces a maximum sentence of 20 years.