Martin Shkreli was sentenced to seven years in prison on Friday for defrauding investors.
Shkreli, who gained notoriety for inflating the price of a life-saving drug, had faced up to 20 years behind bars for mismanaging money at three hedge funds.
Federal prosecutors said he cheated investors out of more than $11 million between 2009 and 2014 in what amounted to a Ponzi scheme.
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