Martin “Pharma Bro” Shkreli’s lawyer, Evan Greebel, who was convicted last December for helping his client defraud investors out of $11 million, asked to move his June 26 sentencing to mid-August because he needs more time to prepare, the NY Post reported
Brooklyn federal prosecutor Alixandra Smith responded on Friday to the “untimely” request saying, “It is time to proceed to sentencing.” Smith wrote to Judge Kiyo Matsumoto that Greebel, “has already had almost five months to gather the letters and other materials he references.”
Last Thursday, Greebel’s attorney, Mylan Denerstein, wrote to Matsumoto requesting the delay lamenting, “this will surely be one of the most significant events in Mr. Greebel’s life.” As of press the sentencing is still set for June.
Greebel, 44, was convicted in December of conspiracy to commit wire fraud and conspiracy to commit securities fraud for helping Shkreli to cheat Retrophin investors of out of $11 million and now faces 20 years behind bars for the crimes, the Post reported.
“Pharma Bro” was sent to jail in March after being found guilty defrauding a group of investors in two hedge funds he controlled by having claimed, among other things, that the funds were delivering healthy returns at a time when they were actually losing money, TJV previously reported.
“Specifically, he is a kind, caring and generous person who uses his time and effort to help those in need. If not warehoused in prison, Martin could literally save lives”, Shekeli’s defense attorney Ben Brafman wrote in a letter to Brooklyn federal court Judge Kiyo Matsumoto in a plea for a lighter sentence shortly before he was sentenced to 7 years prison.
Shkreli gained infamous notoriety in 2015 when as CEO of Turing, he raised the price of its anti-parasite drug Daraprim by more than 5,000 percent, from $13.50 per pill to $750. His nickname came about because of his arrogant public displays and lack of remorse.
Judge Kiyo Matsumoto ruled that Shkreli’s criminal activity resulted in a loss of $10.4 million, which essentially dashed the hopes of a lighter sentence. Federal guidelines call for a higher sentence based on how much the losses for the defrauded victim were, The Jewish Voice previously reported.
Recently, “Pharma Bro” was transferred on from a bleak federal facility in New York to the federal correctional institution at Fort Dix, about 40 miles north-east of Philadelphia. The Fort Dix prison has lower security levels, no bars or security towers at the prison, or locks on inmate “rooms”, Guardian reported. Many expect Greebel to be joining his “bro” in prision shortly.
By Artie Weinberger