Martin Shkreli sentenced to 7 years in prison for fraud

Martin Shkreli was sentenced to seven years in prison on Friday for defrauding investors out of more than $10 million.

Shkreli, who gained notoriety for inflating the price of a life-saving drug , had faced up to 45 years behind bars for mismanaging money at his hedge funds, according to the judge. He'll get six months credit for time served in a Brooklyn federal jail.

During his sentencing on Friday in Brooklyn federal court, Shkreli, 34, broke into tears and pleaded with the judge for leniency as she passed him a box of tissues.

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