Good to see that incarceration hasn’t changed him. He’s still a flaming ass.
Just in case anyone wonders, that’s the Borowitz Report, which is a satirical column.
I’m glad to learn this–but I have a legal question: how can a judge bar a businessman from an industry?
Even for licensed professions–it is not the court system which dis-bars a lawyer, or revokes a doctor’s license to practice medicine. That’s the job of the professional licensing board, the bar association , etc.
(Example: when Trump refused to concede the election and 80 cases were filed challenging the vote, I remember that one of them was so outrageous that the judge threw the case out of court, with a “recommendation” that the state bar association suspend the license of the attorney who file the case. The judge himself did not have authority to do so.)
So what legal mechanism exists for the judge to prevent Shkreli from working in a specific industry?
Is there something similar to a restraining order?
I thought that\ a restraining order has to be very,very specific–( say, preventing a violent husband from approaching a specific address, or a specific person, within x number of feet).
(sorry for being 3 months late–the quote is from post 178 above)
Shkreli faced three significant federal legal actions for his behavior. One was a criminal trial for securities fraud, for which he was convicted and given around a 7 year sentence. He was also subject to an asset forfeiture as a consequence of those criminal convictions, totaling around $7m in assets.
Another was an SEC civil action, Shrkeli entered an agreement to resolve that action in which he was barred from the securities industry for the rest of his life–that order can be discharged in the future if he goes through a reapplication process.
The third was a civil action from the FTC, which can undertake civil actions for violations of 15 USC 45, which empowers the FTC to go after anticompetitive business practices through litigation. It was the result of this civil suit which saw Shkreli hit with a lifetime injunction on activity in a specific sector. This is a penalty provided for in Federal code under 15 USC 45.
Shkreli is appealing the injunction, but with little hope of success. His application for a stay has already been rejected.
Too bad.
I think a judge can basically make a person’s freedom contingent on whatever restriction they want, unless it infringes on another right as detailed in the law.
See here:
Judges were banning sex offenders from being able to access social media, until the Supreme Court determined that it was unconstitutional. But before that ruling those restrictions were enforced. So given that, it doesn’t surprise me that a person can be prevented from engaging in an industry where they’ve been demonstrated to have caused harm.
Do you think that matters? What good is a licensed doctor or lawyer who is legally prohibited from engaging in that line of work? A judge can order that a person can’t engage in a profession if the public is endangered by the way that person has performed in that profession.
Look at it the other way, though. If a judge has determined that a person is no longer allowed to engage in a profession, I would expect that in most cases the relevant licensing group will revoke their license.
FTC seeking to have Pharma Bro held in contempt for “allegedly impeding its efforts to determine whether he flouted a ban on working in the pharmaceutical industry.”
I wasn’t sure where to put this, however is seem that Shkreli is in trouble again. It seems that he ignored the conditions of the purchase of the one of a kind Wu Tang Clan album ‘Once Upon a Time in Shaolin’. One of the conditions of the original sale to Shkreli was that no copies were allowed to be made.
It turns out that he has made copies and given them away to at least 50 people. That does not sit well with the collective, I guess, that bought the album at auction when things went pear shaped for Shkreli.
In addition to several years in jail, if the maximum penalty is handed down, Shkreli also could be looking at $110 million in damages.
The Chaos of The Worlds Most Valuable Album - Martin Shkreli Vs. PleasrDAO
According to the article I read (sorry, I don’t remember where, it was a German article anyway), Shkreli not only gave copies away to people, but also streamed the album for paying customers.
I’ve heard those are specifically the wrong people ta fuck wit.
When Donald Trump says you look like a spoiled brat, you know you’ve really fallen.
Looks like Trump and Shkreli have partnered up, violating Shkreli’s parole…
Associating with known felons, I assume.
Well, it will interesting to see how this plays out.
I have a cousin who behaves like Shkreli. My cousin finds it astounding that I don’t trust him. I don’t ever visit him unless he’s in prison; he would otherwise try to push jive onto me. Such people never want to take an ordinary job - it’s just not in them.
It’s beneath them, being such superior people, so far above the peons and peasants who make an honest living.