Martin Shkreli convicted of securities fraud, conspiracy

Martin Shkreli, who gained national notoriety two years ago for jacking up the price of a drug used by AIDS patients, was convicted of securities fraud Friday for mismanaging two investment funds. A jury in Brooklyn deliberated almost five days before returning guilty verdicts against Shkreli, 34, on two counts of securities fraud and a single count of conspiracy. He was acquitted on five other counts of conspiracy. The most serious count, securities fraud, carries a maximum prison term of 20 years.