Citing recent threats he made against Hillary Clinton, federal prosecutors Thursday filed a court motion are asking a judge to revoke the $5 million release bond for “Pharma bro” Martin Shkreli and toss him in jail.
The motion came a month after a jury in Brooklyn federal court convicted the 34-year-old former pharmaceuticals executive Shkreli of three counts of securities fraud. Shkreli has yet to be sentenced for the conviction, which he plans to challenge, and remains free, living in his Manhattan apartment.
In their motion, prosecutors noted Shkreli’s Facebook posting this week offering a $5,000 bounty for samples of Clinton’s hair, which he encouraged readers to grab.
Prosecutors said that as a result of that post, made right before Clinton was set to begin a book tour, the Secret Service both launched an investigation and “expanded significant additional resources to ensure Secretary Clinton’s protection.”
The motion says, “The government respectfully submits this motion for a bail revocation hearing,at which the government will move to revoke the defendant Martin Shkreli’s bail and remand him into custody,” prosecutors wrote.
“His recent public conduct demonstrates that he cannot meet his post-trial burden to show, by clear and convincing evidence, that he does not pose a danger to the community,” the prosecutors from the Eastern District of New York wrote.
They added:
Since his conviction on August 4, 2017, Shkreli has engaged in an escalating pattern of threats and harassment that warrant his detention pending sentencing. Most recently, Shkreli threatened former Secretary of State Hillary Clinton by publicly offering$5,000 to anyone who would “grab” some of her hair on the defendant’s behalf during her upcoming book tour. In a post-trial posture, it is Shkreli’s burden to show that he should befree on bail pending sentencing. Shkreli’s latest threat is concerning not only because it has required a significant expenditure of resources by the United States Secret Service, which is charged with protecting Secretary Clinton, but also because there is a significant risk that one of his many social media followers or others who learn of his offers through the media will take his statements seriously—as has happened previously—and act on them. His late actions constitute changed circumstances that show that he cannot meet his burden of showing that he should remain at large pending sentencing.
John Marzulli, a spokesman for the prosecutor’s office, declined to comment on the filing.
CNBC has reached out for comment from Shkreli’s lawyer, Benjamin Brafman.
This is a breaking news story. Please check back for updates.
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