What happened today in history?
What happened
today in history?
Sep 13
Back

Revocation of Martin Shkreli's Bail in 2017

Revocation of Martin Shkreli's Bail in 2017

The Infamous Bounty: Martin Shkreli's Controversial Social Media Post

In 2017, Martin Shkreli, often referred to as the "Pharma Bro," was at the center of a major media storm. Known for dramatically increasing the price of the life-saving drug Daraprim, his actions had already made him a notorious figure in the pharmaceutical industry. However, his troubles deepened when he made a shocking post on social media offering a $5,000 bounty for a strand of hair from former presidential candidate Hillary Clinton.

Martin Shkreli’s Provocative Actions

This post was not just a random act of folly; it was seen as a threat by the legal authorities. Shkreli was awaiting sentencing for securities fraud at the time, and his behavior was scrutinized not only for its legal implications but also for the potential danger it posed to the community. Given his history and media portrayal as a villain of the pharmaceutical industry, the post prompted immediate backlash.

Legal Ramifications of the Bounty

Upon learning about the social media post, the judge in Shkreli's case wasted no time. The court considered him a risk to the community and swiftly revoked his bail. This decision underlined the seriousness of the offense and showcased the legal system's stance on threats, even those that might be perceived as humorous or trivial.

The Fallout from Bail Revocation

Following the revocation, Shkreli was taken into custody, where he would remain until his sentencing. This event not only highlighted his precarious legal situation but also reignited public outrage against him, showcasing how one's actions on social media could lead to significant real-world consequences.

Community Reaction to Martin Shkreli

The reaction to Shkreli's actions was largely negative, as many viewed it as further evidence of his disregard for public sentiment. His previous actions of hiking drug prices sparked outrage, and this post was perceived as exacerbating an already tense situation with the public, reinforcing the image of Shkreli as a harmful figure within the community.

Impact on Social Media and Legal Decision-Making

This incident also set a precedent about the implications of social media posts during legal proceedings. It served as a reminder to others in similar situations that their online behavior could have serious legal repercussions, underlining the gravity of responsible communication online.

Fun Fact

Shkreli’s Surprising Convictions

Most notably, while Shkreli became a media pariah after his price hike for Daraprim and subsequent social media antics, he was ultimately convicted not for those actions but for securities fraud, a separate issue that further complicated his legacy.

Additional Resources

Books on Martin Shkreli and the Pharma Industry

For those interested in learning more about Martin Shkreli and the controversies surrounding the pharmaceutical industry, consider reading Bad Pharma by Ben Goldacre or Prescription for Disaster by John C. Goodman.