Martin Shkreli is found guilty of securities fraud
washingtonpost.com
Martin Shkreli is found guilty of securities fraud
1–10 of 633 posts
Re: Martin Shkreli is found guilty of securities fraud
#2For those who can access it, this NYT article has more detail: https://www.nytimes.com/2017/08/04/business/dealbook/martin-...
(Edit: I posted this comment while the WaPo article had only a few paragraphs; it's now fully fledged.)
Re: Martin Shkreli is found guilty of securities fraud
#3[deleted]
Re: Martin Shkreli is found guilty of securities fraud
#4I understand that what he did was morally abhorrent, but I don't understand why it was illegal? Maybe a lawyer can give a quick summaray?
Re: Martin Shkreli is found guilty of securities fraud
#5I use to hate this guy, then I saw the Vice interview on him. It was nice to see his side of the story.
I don't know much about this case in particular. It was kinda sleazy to see the congress question him about his price increases when they knew damn well it was perfectly legal and they haven't done anything to stop it. Shkreli seems to be trying to expose this hypocrisy, but the news loves their stories.
Vice interview: https://www.youtube.com/watch?v=2PCb9mnrU1g
Re: Martin Shkreli is found guilty of securities fraud
#6Note that this does not have anything to do with his pricing of pharmaceuticals. From a different article:
"Prosecutors say Shkreli looted his drug company to pay back investors in two failed hedge funds he ran. The defense says investors got their original investments back and even made hefty profits."
Re: Martin Shkreli is found guilty of securities fraud
#7Putting people like Shkreli into prison for a long time is vital to the long term stability of society. I wish money didn't buy options to avoid prison and I wish that people with his behaviors didn't so often accrue large amounts of money.
Re: Martin Shkreli is found guilty of securities fraud
#8I understand that what he did was morally abhorrent, but I don't understand why it was illegal? Maybe a lawyer can give a quick summaray?
Did you read the article?
> Prosecutors argued that Shkreli lied to investors in two hedge funds and the pharmaceutical company Retrophin, all of which he founded. Shkreli told investors he graduated from Columbia University, that his hedge fund was large and profitable, and that he had hired an auditor, they said. These were all lies, according to prosecutors.
Re: Martin Shkreli is found guilty of securities fraud
#9I use to hate this guy, then I saw the Vice interview on him. It was nice to see his side of the story. I don't know much about this case in particular. It was kinda sleazy to see the congress question him about his price increases when they knew damn well it was perfectly legal and they haven't done anything to stop it. Shkreli seems to be trying to expose this hypocrisy, but the news loves their stories. Vice inter…
I agree. My initial perception of Shkreli was the commonly accepted one of revulsion and hatred. After watching the Vice piece, plus a lot of Shkreli's finance talks and live streams, I find him pretty charming and unbelievably intelligent.
Re: Martin Shkreli is found guilty of securities fraud
#10[deleted]