Martin Shkreli indictment [pdf] • Hacker News Board

Re: Martin Shkreli indictment [pdf]

#61

Post by uptown » Thu, Dec 17, 2015, 8:05 PM UTC

JayHost wrote: post #43

My first reaction to his arrest was joy and then I saw comments about him getting "beat up in jail" to put it lightly. People who say those kinds of things are no better than him. Possibly worse. The solution to dealing with people like him is to be able to separate them from society or fix the system so it can no longer be exploited so "easily". He may have hurt a lot of people but it's been through proxy as far as…

"I do believe Martin is a good guy on the wrong path."

What makes you think he's a good guy? All the evidence points to the contrary, both morally and apparently ethically and legally based on this indictment.

Re: Martin Shkreli indictment [pdf]

#62

Post by anonu » Thu, Dec 17, 2015, 8:05 PM UTC

amateur_soclgst wrote: post #18

the_hangman wrote: post #13

> On or about December 2, 2010, Investor 1 [...] asked SHKRELI in an email about, inter alia, the fund's assets under management and the names of its independent auditor and fund administrator. SHKRELI told Investor 1 that MSMB Capital had $35 million in assets under management and that the fund's independent auditor and administrator were Rothstein, Kass & Company, P.C. and NAV Consulting Inc., respectively. At the…

I found it funnier how they tried to short sell $1M of stock and somehow got $7M in the hole. Must have been some leverage on that deal :v

This scenario might be called a "short squeeze". If you can't actually borrow the stock which you've located before shorting - then you get "bought in" - and your broker will just buy shares at whatever price is necessary to cover.

Re: Martin Shkreli indictment [pdf]

#63

Post by gohrt » Thu, Dec 17, 2015, 8:05 PM UTC

simplicio wrote: post #54

danielcampos93 wrote: post #24

What I'm curious is how this affects the Wu Tang Clan's album he bought? http://www.nytimes.com/2015/12/10/business/media/martin-shkr...

I hope for Wu-Tang's sake that they cashed the check already.

I hope they get the album back and re-sell it to an honest buyer, instead of keeping stolen money.

Re: Martin Shkreli indictment [pdf]

#64

Post by peckrob » Thu, Dec 17, 2015, 8:05 PM UTC

chriscappuccio wrote: post #7

The indictment makes it obvious that this started long before Daraprim was in the news. I'd say this isn't politically motivated, at least not for that reason alone.

They were investigating him but he was largely unknown outside of some financial and biotech circles. After Daraprim and the subsequent public outrage, not to mention his grating "bro" public persona, he became one of the most hated men in America. They were going to nail him for something as a result of that investigation.

Remember, they got Al Capone in the 1930s for tax evasion - not all the other things he was certainly guilty of. Several other gangsters were convicted of things like mail fraud.

If you're guilty, or even just under investigation, don't paint a target on your back. A smart person would know to lay low. Schkreli ... didn't.

Re: Martin Shkreli indictment [pdf]

#65

Post by FLUX-YOU » Thu, Dec 17, 2015, 8:06 PM UTC

JayHost wrote: post #43

My first reaction to his arrest was joy and then I saw comments about him getting "beat up in jail" to put it lightly. People who say those kinds of things are no better than him. Possibly worse. The solution to dealing with people like him is to be able to separate them from society or fix the system so it can no longer be exploited so "easily". He may have hurt a lot of people but it's been through proxy as far as…

>Like Morgan on the Walking Dead. I do believe Martin is a good guy on the wrong path.

Not sure how you can defend that with this floating around.

    I’m definitely the real fucking deal. This
    is not a fucking act. I threatened that
    fucking guy and his fucking kids because
    he fucking took $3 million from me and
    he ended up paying me back. He called my
    bluff. He said, “You’re not fucking going to
    go after me.” [I said] “Yes I motherfucking
    will.” I had two guys parked outside of
    his house for six months watching his every
    fucking move. I can get down. I don’t think
    RZA knows that. I think he thinks I’m
    some powder puff white guy CEO that’s
    got too much money. No. No, no, no.

http://mic.com/articles/125657/turing-ceo-martin-shkreli-wan...

http://hiphopdx.com/interviews/id.2825/title.martin-shkreli-...

https://news.ycombinator.com/item?id=10750928

Re: Martin Shkreli indictment [pdf]

#66

Post by gohrt » Thu, Dec 17, 2015, 8:06 PM UTC

skrebbel wrote: post #39

danso wrote: post #29

Seriously disappointing news. Shkreli seemed like such an obvious troll in how he defended his price gouging by saying that a CEO's role is to maximize profit for the benefit of shareholders...and yet did so in such an unnecessarily obnoxious way that if he truly were the uber-capitalist, he would know that bragging and drawing attention to what an asshole you are does not achieve the true capitalist goal. I would've…

So, if not a troll / performance artist, what is he then? Just a very stupid person with a bloated ego? How does someone so stupid make it to CEO of a pharmaceutical company at 32?

Lex Luthor and Mr Glass did horrible things intentionally to inspire humanity to find its strength / find a superhero.

Re: Martin Shkreli indictment [pdf]

#67

Post by ascendantlogic » Thu, Dec 17, 2015, 8:07 PM UTC

JayHost wrote: post #43

My first reaction to his arrest was joy and then I saw comments about him getting "beat up in jail" to put it lightly. People who say those kinds of things are no better than him. Possibly worse. The solution to dealing with people like him is to be able to separate them from society or fix the system so it can no longer be exploited so "easily". He may have hurt a lot of people but it's been through proxy as far as…

While you are correct that hoping he gets beat up in jail isn't right, that does not suddenly mean he's some sort of martyr. We are accountable for our actions and his actions were to buy up drugs that people depend on and then gouge the shit out of them because they have few/no other options. No matter what way you slice it he is not a "good guy".

Re: Martin Shkreli indictment [pdf]

#68

Post by gohrt » Thu, Dec 17, 2015, 8:08 PM UTC

oxide wrote: post #36

pc86 wrote: post #26

Earlier quoted context omitted.

No sense giving the defense any more reasons for appeal. Whether the guy is a scumbag or not, whether he has a lot of money or not, the criminal justice system should not be imposing undue burden or punishment based on public opinion regarding a matter that isn't even relevant to the case. I won't lose any sleep when this guy goes to prison for a long time, but no sense doing nonsense that will only mildly inconvenie…

any chance he doesn't end up in prison, though? I might be naive, but I'm under the impression that the book doesn't get thrown at white-collar criminals in the US. what are the odds he just ends up on probation?

You don't go to prison for white collar crime. That's almost impossible to prove.

You go to prison for getting caught lying during an investigation about white color crime.

Re: Martin Shkreli indictment [pdf]

#69

Post by Disruptive_Dave » Thu, Dec 17, 2015, 8:08 PM UTC

FLUX-YOU wrote: post #65

JayHost wrote: post #43

My first reaction to his arrest was joy and then I saw comments about him getting "beat up in jail" to put it lightly. People who say those kinds of things are no better than him. Possibly worse. The solution to dealing with people like him is to be able to separate them from society or fix the system so it can no longer be exploited so "easily". He may have hurt a lot of people but it's been through proxy as far as…

>Like Morgan on the Walking Dead. I do believe Martin is a good guy on the wrong path. Not sure how you can defend that with this floating around. I’m definitely the real fucking deal. This is not a fucking act. I threatened that fucking guy and his fucking kids because he fucking took $3 million from me and he ended up paying me back. He called my bluff. He said, “You’re not fucking going to go after me.” [I said] “…

I don't know, I take that as a nerdy white dude who desperately seeks attention trying to impress the hip hop heads out there (that kind of talk is extremely common in the rap game).

Re: Martin Shkreli indictment [pdf]

#70

Post by alex_c » Thu, Dec 17, 2015, 8:09 PM UTC

andreyf wrote: post #45

danso wrote: post #29

Seriously disappointing news. Shkreli seemed like such an obvious troll in how he defended his price gouging by saying that a CEO's role is to maximize profit for the benefit of shareholders...and yet did so in such an unnecessarily obnoxious way that if he truly were the uber-capitalist, he would know that bragging and drawing attention to what an asshole you are does not achieve the true capitalist goal. I would've…

The performance art hypothesis has not been disproven to my knowledge, but I haven't ever heard of anyone being arrested and indicted by the feds as being part of their plan in life. Are there any such examples?

It might be part of his plan to launch his hip hop career.

http://hiphopdx.com/interviews/id.2825/title.martin-shkreli-...