Reuters
Martin Shkreli
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Prosecutors have asked a judge to sentence former pharmaceutical executive Martin Shkreli to at least 15 years in prison.
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Shkreli, who is set to be sentenced on Friday, has asked for a shorter sentence between 12 and 18 months.
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In August 2017, a jury found Shkreli guilty of securities fraud.
Prosecutors have asked a federal judge in Brooklyn to sentence former pharmaceutical executive Martin Shkreli to at least 15 years in prison,
CNBC reports
.
Shkreli is set to be sentenced on Friday and has asked for a shorter sentence between 12 and 18 months.
"
It was wrong. I was a fool. I should have known better," Shkreli wrote in a letter to the judge.
On Monday, the judge ordered Shkreli to forfeit $7.36 million in assets, which could include Shkreli's
$5 million E-Trade account
, stake in the pharmaceutical company Vyera Pharmaceuticals (formerly Turing Pharmaceuticals), the Wu-Tang Clan album Shkreli purchased
in 2015
, a Lil Wayne album, an enigma machine, and a Picasso painting.
Shkreli is known
for a
2015 price-gouging scandal
involving a decades-old drug his company acquired, but he is in jail after being convicted of securities fraud during his time running a hedge fund. He's been jailed since September 2017 after he offered a
$5,000 bounty for some of Hillary Clinton's hair
.
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