Karma’s a bitch.
http://www.bloomberg.com/features/2015-martin-shkreli-securities-fraud/
I’m not against it but I think this is just the government trying to make people think it is opposed to practices like his. Basically a dog and pony show so the price gouging can continue unabated all across the health care industry. I don’t know, I just have no faith in the US government to stand up to plutocracy, I think that he is just a sacrificial lamb to give the illusion of accountability.
he wasn’t arrested for the Daraprim unpleasantness.
If ever a lamb deserved to be sacrificed, it’s that asshole.
No, but. I’m going to assume this is like capone and taxes, they just found something to charge him with.
The investigation started in 2012, so they’d have to have been able to predict the future.
He is charged with securities fraud. I’m guessing his public antics encouraged. Prosecutor to dig into his activities.
This is the most bizarre mixed metaphor I’ve encountered in quite a long time.
Unless someone can show some convincing evidence to the contrary, I’m going with Wesley’s take on this.
Having an investigation that started in 2012 really doesn’t mean much. The man is a securities trader; my guess is that nearly all of those guys have some kind of investigation going on.
Not that I am shedding any tears for Mr. Shkreli, but I have to wonder if charges would have been brought against him if it was not for the Daraprim affair.
How many of them were fired from their position as CEO then sued by the company they’re now accused of defrauding? I’m not saying his arrest wouldn’t have been been big news if it wasn’t for the Daraprim, but it sounds like he was doing some unusually shady stuff long before the recent unpleasantness.
Did you guys read the stories when this guy was in the news last month? All of them mentioned how he was fired and being sued by his previous company, and under investigation for mopery and dopery in connection with the above case.
The two incidents of him defrauding his company and charging predatory rates for a cheap drug are related only in the sense that Shkreli is a conniving weasel. When you find out that the alcoholic who was arrested for disturbing the peace was arrested next week for a DUI it’s not surprising, because the relation is that alcoholics who get in trouble get in trouble.
Maybe Shkreli being in the news lit a fire under the investigators? On the other hand, the only reason his arrest is national news is that he got himself in the media over the drug pricing incident. Without that and he’s just another random jackhole arrested for securities fraud, which happens every day. And it’s not a defense to complain that the cop who gave you a speeding ticket could have given another 100 guys a speeding ticket. Were you speeding? Then it’s not unfair that you got a ticket.
For Mr. Shkreli, I guess you could say the USA just raised the price…
(puts on sunglasses)
… of freedom.
YEEEEAAAAHHHH!!!
Let me try this again:
For Mr. Shkreli, I guess you could say the USA just raised the price…
( ∙_∙) ( ∙_∙)>⌐■-■ (⌐■_■)
… of freedom.
YEEEEAAAAHHHH!!!
I should say, “For Mr. Shkreli, I guess you could say the USA just raised the price of stealing from your own company.” :dubious:
I’m waiting for Wesley to respond, “Yeah, but still…”
Associated Press has an article on the subject, as republished on Yahoo News, with another picture of him in his shadowy sinister-looking hoodie.
I immediately noticed the unmistakable resemblance to this guy.
:rolleyes:
As a securities trader, I can assure you this is false.
As for Shkreli, I have a hard time believing he’s a real, live person. I feel like if you presented his character as a villain to Hollywood, you’d be told it’s too cheesy and unrealistic.
Is it related? Of course it’s related:
The man is almost certainly a psychopath. Psychopaths do psychopathic shit repeatedly. They also don’t really understand consequences or cause-and-effect.
(Big footnote: The actual experts are conflicted on the difference between “psychopath” and “sociopath”. I follow Walsh and Wu’s definition, where psychopathy is inborn and sociopathy is the result of abuse, and take a wild guess that he wasn’t abused. (cite))
Had he not been a psychopath, he wouldn’t have done that idiotic high-risk crap which got him popped for securities fraud. He also wouldn’t have done the shit he did with Daraprim. Did the Daraprim nonsense get him an extra look from the Feds? Possibly. The Feds understand the bolded part just as well as I do: If you see someone who shows all the signs of being criminal in a business prone to criminality, you have every valid reason to look at them harder.
It’s possible to paint a target on your ass the size of Toledo and remain out of prison. You can be as pure an asshole as you want and avoid breaking the law. It’s also possible to commit crimes and keep them under wraps. However, if you do both, if you give law enforcement reasons to look at you harder and you do illegal shit, this is not only the expected outcome, it is the socially desirable outcome. Society doesn’t need people like him.
It’s the same reason we don’t let sex offenders run daycare centers. It’s even better, in fact: There are ways to become a sex offender which have nothing to do with how safe you are around kids. Psychopathy, however, is practically defined as that which gives one a propensity towards criminality. And, finally, I bet the SEC wishes it had enough people to monitor every single trader in the United States.
So if he gets convicted, and his assets seized, does that mean that the US Government takes possession of the one-off one-copy Wu-Tang Clan album that Shkreli paid $2 million for?
My favorite part of this story is that they also indicted Shkreli’s company’s former laywer, Evan Greebel.