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The Latest: Martin Shkreli's bail revoked; he heads to jail

Ex-pharmaceuticals company CEO Martin Shkreli has bail revoked in New York securities fraud case, heads to jail

Martin Shkreli Trial

FILE- In this Aug. 15, 2017, file photo, former pharmaceutical CEO Martin Shkreli speaks during an interview by Maria Bartiromo during her "Mornings with Maria Bartiromo" program on the Fox Business Network, in New York. Shkreli's lawyer says his client's caustic online rants shouldn't be taken so seriously. The attorney for the convicted ex-biotech CEO argued in court papers filed Tuesday, Sept. 12, that Shkreli's recent offer to pay a $5,000 bounty for a lock of Hillary Clinton's hair falls under the category of "political satire or strained humor." (AP Photo/Richard Drew, File)

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Wednesday, September 13, 2017

NEW YORK (AP) — The Latest on former pharmaceuticals company CEO Martin Shkreli (all times local):

6:05 p.m.

Former pharmaceuticals company CEO Martin Shkreli (SHKREL‘-ee) has had his bail revoked and is going to jail in New York while he awaits sentencing for a securities fraud conviction.

A judge at a Wednesday hearing sided with a government demand to jail Shkreli following his provocative online antics.

Shkreli’s defense argued in court papers filed Tuesday his recent offer to pay a $5,000 bounty for a Hillary Clinton hair with the follicle falls under the category of “political satire or strained humor.” The government calls the comments threats worthy of revoking the bail of the so-called Pharma Bro.

Shkreli is best known for hiking up the price of a life-saving drug and for trolling his critics online. He has said he feels “exonerated” despite his conviction.

12:20 a.m.

A federal judge in New York is considering whether the provocative online antics of former pharmaceuticals company CEO Martin Shkreli (SHKREL‘-ee) are bad enough to put him behind bars.

The judge has scheduled a Wednesday hearing to consider a government demand to jail Shkreli while he awaits sentencing for a securities fraud conviction.

Shkreli’s defense argued in court papers filed Tuesday his recent offer to pay a $5,000 bounty for a Hillary Clinton hair with the follicle falls under the category of “political satire or strained humor.” The government calls the comments threats that should be grounds for revoking the bail of the so-called Pharma Bro.

Shkreli is best known for hiking up the price of a life-saving drug and for trolling his critics online. He has said he feels “exonerated” despite his conviction.

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