I 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?
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Martin Shkreli is found guilty of securities fraud
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Re: Martin Shkreli is found guilty of securities fraud
#12I 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…
The YouTube video of him doing an Ebay Analysis [1] was very interesting I thought, both from a technical point of view and another look at his character.
Re: Martin Shkreli is found guilty of securities fraud
#13Putting 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.
Can you elaborate? Who did Shkreli hurt here and how?
Re: Martin Shkreli is found guilty of securities fraud
#14Putting 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.
That would be great if he wasn't one of many, and if nothing of significance will come from this ruling (it won't). He's just a convenient target that can be pointed to and said of "Look, aren't we doing our job?" when the truth is nothing will change in the long run.
Re: Martin Shkreli is found guilty of securities fraud
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Re: Martin Shkreli is found guilty of securities fraud
#16I 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…
Ran into him in Bryant Park last summer. Told me my 1.5yo daughter "is beautiful."
So, you know, seems like a good guy to me.
Re: Martin Shkreli is found guilty of securities fraud
#17I 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…
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Re: Martin Shkreli is found guilty of securities fraud
#18I 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.
"Charming and unbelievably intelligent" are definitely fair descriptors for this man, just please bear in mind that these terms probably describe many other people who are also guilty of fraud. Sure he has his side. And yes he's probably been treated unfairly by the press. And no, he isn't guilty of all of the things people say. And yet none of that makes him actually innocent.
Re: Martin Shkreli is found guilty of securities fraud
#19I 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?
He's not charged with anything related to the drug price increases.
Re: Martin Shkreli is found guilty of securities fraud
#20I 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.
The article seems to have been extended from a couple paragraphs to a long piece. The url stayed identical.