Last Friday, Martin Shkreli, the infamous "pharma bro" and perhaps the most hated CEO in America, was convicted in court on three counts of fraud. Nobody denies that Shkreli engaged in fraud-like behavior: He told investors in two hedge funds he controlled that the hedge funds were flush with cash, when in reality, he had lost almost all of their money on a bad stock bet. And yet, this condemnation is an outrage.