# Let the schadenfreude begin: Martin Shkreli arrested for securities fraud **URL:** \ **Category:** Miscellaneous and Personal Stuff I Must Share\ **Created:** [December 17, 2015, 2:21pm UTC](https://boards.straightdope.com/t/let-the-schadenfreude-begin-martin-shkreli-arrested-for-securities-fraud/740692 "2015-12-17T14:21:52Z")\ **Posts on this page:** 20\ **Page:** 3
**Author:** ![jasg](https://avatars.discourse-cdn.com/v4/letter/j/f0a364/32.png) [@jasg](https://boards.straightdope.com/u/jasg)\ **Post date:** [December 19, 2015, 5:32pm UTC](https://boards.straightdope.com/t/let-the-schadenfreude-begin-martin-shkreli-arrested-for-securities-fraud/740692/41 "2015-12-19T17:32:15Z")
> [@Ranger\_Jeff](#): > > It might have been a joke news report. I read somewhere that after the arrest, his attorney raised his fee to $60,000 an hour. His bail should have been increased by 5000%. ---
**Author:** ![davidm](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/davidm/32/225_2.png) [@davidm](https://boards.straightdope.com/u/davidm)\ **Post date:** [December 19, 2015, 5:53pm UTC](https://boards.straightdope.com/t/let-the-schadenfreude-begin-martin-shkreli-arrested-for-securities-fraud/740692/42 "2015-12-19T17:53:45Z")
My theory is that the ridiculous price increase for Daraprim was his panicked attempt to make a quick killing so that he could make restitution to those he had defrauded, in the hopes that that might head off the lawsuits and criminal prosecution that were rapidly approaching. ---
**Author:** ![carnivorousplant](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/carnivorousplant/32/3563_2.png) [@carnivorousplant](https://boards.straightdope.com/u/carnivorousplant)\ **Post date:** [December 19, 2015, 6:42pm UTC](https://boards.straightdope.com/t/let-the-schadenfreude-begin-martin-shkreli-arrested-for-securities-fraud/740692/43 "2015-12-19T18:42:00Z")
> [@davidm](#): > > My theory is that the ridiculous price increase for Daraprim was his panicked attempt to make a quick killing so that he could make restitution to those he had defrauded, in the hopes that that might head off the lawsuits and criminal prosecution that were rapidly approaching. Surely. ---
**Author:** ![Senegoid](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/senegoid/32/6606_2.png) [@Senegoid](https://boards.straightdope.com/u/Senegoid)\ **Post date:** [December 20, 2015, 1:50am UTC](https://boards.straightdope.com/t/let-the-schadenfreude-begin-martin-shkreli-arrested-for-securities-fraud/740692/44 "2015-12-20T01:50:53Z")
> [@dropzone](#): > > Yeah, on Marketplace Morning the host said wryly, “Mr Shkreli’s attorney could not be reached for comment because he was arrested at the same time.”. 😃 Well, then, have they attempted to contact Mr Shkreli’s attorney’s attorney? (It may be attorneys all the way down.) How the fuck do you pronounce Shkreli anyway? (ETA: That tangles my tongue. It sounds like the name of a bad guy from Dr. Seuss’s _The Lorax._) ---
**Author:** ![Acsenray](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/acsenray/32/4519_2.png) [@Acsenray](https://boards.straightdope.com/u/Acsenray)\ **Post date:** [December 20, 2015, 3:38am UTC](https://boards.straightdope.com/t/let-the-schadenfreude-begin-martin-shkreli-arrested-for-securities-fraud/740692/45 "2015-12-20T03:38:46Z")
> [@Senegoid](#): > > How the fuck do you pronounce Shkreli anyway? Pretty much how it’s spelled ['ʃkrɛ li] (SHKRE-lly) ---
**Author:** ![Alessan](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/alessan/32/465_2.png) [@Alessan](https://boards.straightdope.com/u/Alessan)\ **Post date:** [December 20, 2015, 6:11am UTC](https://boards.straightdope.com/t/let-the-schadenfreude-begin-martin-shkreli-arrested-for-securities-fraud/740692/46 "2015-12-20T06:11:31Z")
To me, Shkreli’s arrest puts the whole sorry mess in a different light. Before, he was an entitled asshole engaging in a slightly more egregious example of big business as usual. Now, it seems as though he’s just a hustler who got in over his head. That’s oddly reassuring. ---
**Author:** ![davidm](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/davidm/32/225_2.png) [@davidm](https://boards.straightdope.com/u/davidm)\ **Post date:** [February 3, 2016, 8:15pm UTC](https://boards.straightdope.com/t/let-the-schadenfreude-begin-martin-shkreli-arrested-for-securities-fraud/740692/47 "2016-02-03T20:15:19Z")
More schadenfreude: [http://www.reuters.com/article/us-usa-crime-shkreli-idUSKCN0VC243](http://www.reuters.com/article/us-usa-crime-shkreli-idUSKCN0VC243) > [@](#): > > Former pharmaceutical executive Martin Shkreli suffered a roughly $40 million drop in the value of a trading account used to secure his bail following his arrest on securities fraud charges, a U.S. prosecutor said on Wednesday. > … > KaloBios filed for bankruptcy in December, wiping out most of its equity value. That caused the value of Shkreli’s E\*Trade brokerage account to drop to $4 million to $5 million, from the $45 million level when it had been frozen, the prosecutor said. > > Paes told U.S. District Judge Kiyo Matsumoto that Shkreli may need to post new assets to secure his $5 million bond, which was issued following the 32-year-old’s arrest in December. ---
**Author:** ![Gatopescado](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/gatopescado/32/5711_2.png) [@Gatopescado](https://boards.straightdope.com/u/Gatopescado)\ **Post date:** [February 3, 2016, 8:52pm UTC](https://boards.straightdope.com/t/let-the-schadenfreude-begin-martin-shkreli-arrested-for-securities-fraud/740692/48 "2016-02-03T20:52:37Z")
That is actually pretty funny. 😃 ---
**Author:** ![Trom](https://avatars.discourse-cdn.com/v4/letter/t/958977/32.png) [@Trom](https://boards.straightdope.com/u/Trom)\ **Post date:** [February 3, 2016, 9:12pm UTC](https://boards.straightdope.com/t/let-the-schadenfreude-begin-martin-shkreli-arrested-for-securities-fraud/740692/49 "2016-02-03T21:12:45Z")
“Interview” with Shkreli: [Martin Shkreli on Drug Price Hikes and Playing the World’s Villain - YouTube](https://www.youtube.com/watch?v=2PCb9mnrU1g) ---
**Author:** ![Alex\_from\_CB](https://avatars.discourse-cdn.com/v4/letter/a/278dde/32.png) [@Alex\_from\_CB](https://boards.straightdope.com/u/Alex_from_CB)\ **Post date:** [February 3, 2016, 9:47pm UTC](https://boards.straightdope.com/t/let-the-schadenfreude-begin-martin-shkreli-arrested-for-securities-fraud/740692/50 "2016-02-03T21:47:10Z")
Pretty suckatude in this country that it’s OK, legal to raise the price of a drug so much people will die yet steal some $$$ from Wall Street and your busted. ---
**Author:** ![amarone](https://avatars.discourse-cdn.com/v4/letter/a/e0b2c6/32.png) [@amarone](https://boards.straightdope.com/u/amarone)\ **Post date:** [February 4, 2016, 3:17pm UTC](https://boards.straightdope.com/t/let-the-schadenfreude-begin-martin-shkreli-arrested-for-securities-fraud/740692/51 "2016-02-04T15:17:16Z")
CNBC just showed Shkreli testifying before Congress today. Shkreli invoked the Fifth to all questions except confirming how to pronounce his name (apparently it’s pronounced “scumbag”). I can’t find any video yet, but he smirked throughout his appearance (the picture in [this report](http://www.cnbc.com/2016/02/04/martin-shkreli-testifies-before-congress.html) gives an idea). Jim Cramer was furious, calling on all the big pharmaceutical companies to disown this guy. ---
**Author:** ![Frank](https://avatars.discourse-cdn.com/v4/letter/f/3d9bf3/32.png) [@Frank](https://boards.straightdope.com/u/Frank)\ **Post date:** [February 4, 2016, 3:24pm UTC](https://boards.straightdope.com/t/let-the-schadenfreude-begin-martin-shkreli-arrested-for-securities-fraud/740692/52 "2016-02-04T15:24:27Z")
> [@amarone](#): > > … but he smirked throughout his appearance … Smirking appears to be his default facial expression. Most people who do that get it punched out of them in childhood, but I guess that never happened to him. ---
**Author:** ![Happy\_Lendervedder](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/happy_lendervedder/32/8488_2.png) [@Happy\_Lendervedder](https://boards.straightdope.com/u/Happy_Lendervedder)\ **Post date:** [February 4, 2016, 4:26pm UTC](https://boards.straightdope.com/t/let-the-schadenfreude-begin-martin-shkreli-arrested-for-securities-fraud/740692/53 "2016-02-04T16:26:19Z")
[Here’s a video](http://www.nbcnews.com/news/us-news/pharma-bro-martin-shkreli-faces-congress-n511106?cid=sm_fb). Hollywood couldn’t create a more contemptible and villainous asshole than Shkreli. ---
**Author:** ![TroutMan](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/troutman/32/6721_2.png) [@TroutMan](https://boards.straightdope.com/u/TroutMan)\ **Post date:** [February 4, 2016, 5:16pm UTC](https://boards.straightdope.com/t/let-the-schadenfreude-begin-martin-shkreli-arrested-for-securities-fraud/740692/54 "2016-02-04T17:16:00Z")
> [@Happy\_Lendervedder](#): > > [Here’s a video](http://www.nbcnews.com/news/us-news/pharma-bro-martin-shkreli-faces-congress-n511106?cid=sm_fb). Hollywood couldn’t create a more contemptible and villainous asshole than Shkreli. Too bad he’s not in sports…he’d be the [hands-down winner](http://fm.cnbc.com/applications/cnbc.com/resources/img/editorial/2016/02/04/103361737-RTX25FRR.530x298.jpg) of your “most punchable” thread. ---
**Author:** ![Diceman](https://avatars.discourse-cdn.com/v4/letter/d/22d042/32.png) [@Diceman](https://boards.straightdope.com/u/Diceman)\ **Post date:** [February 4, 2016, 5:32pm UTC](https://boards.straightdope.com/t/let-the-schadenfreude-begin-martin-shkreli-arrested-for-securities-fraud/740692/55 "2016-02-04T17:32:15Z")
> [@Happy\_Lendervedder](#): > > [Here’s a video](http://www.nbcnews.com/news/us-news/pharma-bro-martin-shkreli-faces-congress-n511106?cid=sm_fb). Hollywood couldn’t create a more contemptible and villainous asshole than Shkreli. He’d make an excellent villain for the next James Bond film. The whole audience would cheer when he met his inevitable demise. My personal vote would be falling out of a plane at 30,000 feet, with no parachute. ---
**Author:** ![Happy\_Lendervedder](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/happy_lendervedder/32/8488_2.png) [@Happy\_Lendervedder](https://boards.straightdope.com/u/Happy_Lendervedder)\ **Post date:** [February 4, 2016, 5:38pm UTC](https://boards.straightdope.com/t/let-the-schadenfreude-begin-martin-shkreli-arrested-for-securities-fraud/740692/56 "2016-02-04T17:38:59Z")
> [@TroutMan](#): > > Too bad he’s not in sports…he’d be the [hands-down winner](http://fm.cnbc.com/applications/cnbc.com/resources/img/editorial/2016/02/04/103361737-RTX25FRR.530x298.jpg) of your “most punchable” thread. I was thinking that myself. ---
**Author:** ![silenus](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/silenus/32/166_2.png) [@silenus](https://boards.straightdope.com/u/silenus)\ **Post date:** [February 4, 2016, 5:59pm UTC](https://boards.straightdope.com/t/let-the-schadenfreude-begin-martin-shkreli-arrested-for-securities-fraud/740692/57 "2016-02-04T17:59:12Z")
> [@Diceman](#): > > He’d make an excellent villain for the next James Bond film. The whole audience would cheer when he met his inevitable demise. > > My personal vote would be falling out of a plane at 30,000 feet, with no parachute. No, with a golden parachute. Made of real gold. That lands on his smashed carcass and drives it 15 feet into the granite. ---
**Author:** ![ivylass](https://avatars.discourse-cdn.com/v4/letter/i/9de053/32.png) [@ivylass](https://boards.straightdope.com/u/ivylass)\ **Post date:** [February 4, 2016, 6:32pm UTC](https://boards.straightdope.com/t/let-the-schadenfreude-begin-martin-shkreli-arrested-for-securities-fraud/740692/58 "2016-02-04T18:32:06Z")
Although he’s pleading the 5th, apparently that does not extend to [Twitter](https://twitter.com/MartinShkreli?ref_src=twsrc%5Etfw). ---
**Author:** ![Skammer](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/skammer/32/143_2.png) [@Skammer](https://boards.straightdope.com/u/Skammer)\ **Post date:** [February 4, 2016, 6:38pm UTC](https://boards.straightdope.com/t/let-the-schadenfreude-begin-martin-shkreli-arrested-for-securities-fraud/740692/59 "2016-02-04T18:38:11Z")
> [@Diceman](#): > > My personal vote would be falling out of a plane at 30,000 feet, with no parachute. I was thinking a rare but painfully debilitating and ultimately fatal disease, treatable with an easily manufactured drug that sells for ten million dollars a day. ---
**Author:** ![Colibri](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/colibri/32/1841_2.png) [@Colibri](https://boards.straightdope.com/u/Colibri)\ **Post date:** [February 4, 2016, 6:41pm UTC](https://boards.straightdope.com/t/let-the-schadenfreude-begin-martin-shkreli-arrested-for-securities-fraud/740692/60 "2016-02-04T18:41:16Z")
> [@Diceman](#): > > He’d make an excellent villain for the next James Bond film. The whole audience would cheer when he met his inevitable demise. > > My personal vote would be falling out of a plane at 30,000 feet, with no parachute. Better would be dying of some horrible tropical disease because the drug to treat it had been taken out of production because it wasn’t profitable enough. [Previous page](https://boards.straightdope.com/t/let-the-schadenfreude-begin-martin-shkreli-arrested-for-securities-fraud/740692.md?page=2) [Next page](https://boards.straightdope.com/t/let-the-schadenfreude-begin-martin-shkreli-arrested-for-securities-fraud/740692.md?page=4)