'Pharma bro' Martin Shkreli sentenced to seven years

Martin Shkreli, the former drug firm executive found guilty of defrauding investors, has been sentenced to seven years in prison.

The 34-year-old wept at a hearing as a federal court judge in Brooklyn, New York, handed down the prison term.

Shkreli was convicted last year of sending fake account statements to investors while concealing huge losses from two hedge funds he ran.

He first became notorious in 2015 for hiking the price of a lifesaving drug.

His lawyers had asked the judge to impose a sentence of 12 to 18 months, while prosecutors were seeking at least 15 years.