Shkreli Arrested For Fraud
 

Martin Shkreli Arrested on Securities Fraud Charges

Why doesn't this one surprise me? I think everyone on the planet saw this one coming.

If he winds up in prison, we'll see how he likes the health care he gets there...

he'll have plenty of time to listen to his wu-tang LP in the joint!

Obama's war on capitalism continues

The guy had an X on his back the moment Hilary took issue with his BLATANTLY capitalistic ways. He didn't even try to hide it and then making big money on stocks further emphasized his capitalism.

All capitalists should pass jail and go straight to the electric chair but only if they're successful.

whoa fucked up if true

Karma is a bitch.

Damn beat me to it

If you're doing something which would piss millions of voters ... don't brag about it

this :thumbsup

Successful + Capitalist + Bragging = Blow Back

Take anyone of the three out of the equation (left of the equal sign) and he wouldn't be in trouble. He made a huge killing on a stock trade but the $2m WuTang album is probably what tipped the scales against his favor.

Most people don't understand how capitalism works and absolutely hate successful people right now (as evidenced by the comments in this thread) and that's probably why capitalism will, in some way, give way to socialism :2 cents:

Now the state will take his funds and you'll end up getting some of it.

Gonna be nutty when the feds seize the wu-tang LP hah!

Capitalism does not equal fraud - the indictment had nothing to do with his idiotic pricing. He was a criminal asshole, and he defrauded investors. His actions and sociopath disorder demonstrated clearly that he would wind up indicted, but he was indicted for running a ponzi scheme.

He was not successful. Defrauding investors isn't success, any more than robbing them with a gun. He was not a capitalist, he is a criminal. Bragging is a symptom of the fact that he is an asshole.

this is good news indeed...I hope he gets passed around :thumbsup

I am sure the probes are being prepped :helpme

http://img.welt.de/img/wirtschaft/cr...e-for-buyi.jpg

http://vignette3.wikia.nocookie.net/...20121205194057

Is that Rob Gronkowski to his left? :thumbsup

so you see nothing wrong with what he is accused of doing?

Wow, true if fucked up.



.

man he was just about to get Schurmda out of jail

Sure, if he's done something wrong he should get served but the point is why has he been arrested?

If the reason is political then the reason is wrong and it looks highly suspicious because at the moment there's a witch hunt on against successful capitalists and in particular, people really hate this guy for completely the wrong reasons:

(a) Because he's wealthy (b) Because they think he has done something wrong.

There is nothing wrong with raising the price of a drug to $750 or $7500. His company owned that product and was not breaking any laws. All it does is encourage other companies to come and attack the same problem, introduce a cheaper solution to steal market share and that is competition in what is supposed to be a free market.

However, you can see from the comments in this thread that most people don't agree with me.

i get what you are saying however he is being charged for fraud not for being succesful.
You don't get arrested for being a successful asshole

Sure, you're right but since a lot of what he is alleged to have done happened a long time ago, I do wonder if he would have been arrested were it not for the hate garnered by the Daraprim episode.

It's just reminiscent of a lot of politically motivated arrests of years gone by from that point of view but what do I know?

Trump is a living proof of that !

Where there is smoke firemen look for fire... He made a target out of himself and suprise someone looked in his closet. Of course it's because he made a big speck table out of himself while fucking over people in need of that medication.

Fuck him I say.. He's a ass and now he gets fucked..

Next I expect you to question the fairness of OJ Simpson's robbery arrest/conviction, because he was acquitted for murder years earlier...because you are going to be consistent, right?

The wheels of justice often turn slowly.

Did he help himself by becoming a public figure? Probably not. That doesn't change the fact that he was arrested for supposedly committing fraud, not for being an asshole.

He was arrested for his ponzi scheme that he was running where he was telling people they were getting 35% annual returns on their money to solicit new investors when they were losing 15-18% per year. it has nothing to do with the drug or drug prices in any way, shape or form.

The interesting question I've asked myself about this guy is why didn't he raise the drug price a reasonable yet capitalist big pharma amount? It actually seems like a pretty fucking solid business strategy. Find under priced overlooked medsand bring them to current value and marketing. He's a psycho fruitloop, shit he already got away with the hedge fund ponzi scheme, how many times have we seen that scheme on American Greed?

His "success" buying pharma rights and patents was funded by his ponzi scheme. Even his previous employer has said this. He would be nothing without his initial criminal behavior. He would have been indicted, just less publicly.

Sure but he's innocent right now and surely you agree with the principle "Innocent Until Proven Guilty" since it's a central tenet in the developed world. This guy (Shkreli) is really not likeable at all. I hope it doesn't continue to cloud people's judgement.

"Shrekli is expected to be charged today for illegally using assets from Retrophin to pay off debts after his hedge fund lost millions of dollars, the source said."

Everywhere this guy goes, he leaves a path of destruction. Not a soul on the planet benefits from him living. It would be sweet if he topped himself, save the taxpayers some money.

Well no company should operate like that if that is what happened.

All he had to do was get the Retrophin board to agree a dividend issuance (which means all shareholders get a share and him one of the largest) from profits if any and then use that personal money to repay his own personal debts, which would have reduced his tax bill too. Problem solved or not?

I guess the reason was because there were no profits, since so many of these biotech operate at a loss.

what he is being charged with has nothing do with that. if "they" wanted to arrest someone who was rich and being an ass there are many other richer people they could of went after. i'm not sure why you think this guy was arrest for being a capitalist...

Horse shit! There would be nothing wrong raising the price of a drug if it was done in a free market, but we don't live in a free market. Big pharma has a monopoly on prices and law makers in this country and have made it so we can't go to other countries and buy the same drugs at a cheaper price!

Dude, who is that chick in your gift? Name, name.. For the love of the God give me the name man....

Sociopath does textbook sociopathic things
.... the masses are confused.

I always love watching this stuff unfold. We expect that others see the world as we do, we expect them to act as we do, we expect them to empathize as we do and so on. Our default position is that insane people automatically are being seen as sane until proven otherwise - yet we don't even understand the red flags to look for. This is why you are surrounded by dangerous and crazy people and remain blind to that fact. You're likely related to many seriously mentally ill people and just dismiss/excuse their behavior as being quirky or excentric... that is until they've conned people, stolen huge sums, raped a child or killed someone, then you'll say " I knew it!"


The guy would likely score high on the hare test for psychopathic traits. He clearly has no normal emotional processing, compassion or empathy or guilt or shame and has no issues with harming others to get what he wants or lying.

Well I'm not a US dude and I always hear stories about how expensive healthcare is over there. So I'm probably off base and no doubt, you know much better than me on those things....

However, it does appear that many others (outside this thread) are thinking along the same lines as me:

Shkreli Resigns as Turing CEO After Arrest on Securities Fraud - Bloomberg Business

wow fucked up if poo