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Martin Shkreli is found guilty of securities fraud

washingtonpost.com

21–30 of 633 posts

Re: Martin Shkreli is found guilty of securities fraud

#21
post #4

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?

This trial was not about him raising drug prices but rather about how he deceived investors. He lied to them and used illegal business practices to cover things up

Re: Martin Shkreli is found guilty of securities fraud

#22
post #5

I 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…

> 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.

yeah seems like a great dude...

Re: Martin Shkreli is found guilty of securities fraud

#23
post #5

I 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.

He can be both charming and intelligent, and a complete douchebag at the same time.

Re: Martin Shkreli is found guilty of securities fraud

#24
post #5

I 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…

> Shkreli seems to be trying to expose this hypocrisy, but the news loves their stories.

It's hard to buy into this when he was directly profiting from this attempt to expose.

Re: Martin Shkreli is found guilty of securities fraud

#25
post #7

Putting 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?

One could argue that he hurt a lot of sick people by making it very difficult or impossible for them to afford the hundreds of percent price increases he laid upon the drugs he took control over.

Edit:

[0] "... it says that the drug is available for free to people with deep financial need. But Dr. Aberg has watched her patients have to "jump through the hoops" to get it. Patients have to prove both financial need and health status, something that's difficult to focus on when their lives are in danger. In June, one of her patients gave up on the process. The patient switched therapies, only to suffer a negative side effect."

[0] http://money.cnn.com/2016/08/25/news/economy/daraprim-aids-d...

Re: Martin Shkreli is found guilty of securities fraud

#26
post #22
post #5

I 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…

> 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. yeah seems like a great dude...

"but he had a nice twitch stream" is just about the most absurd defense of someone involved in large scale corporate fraud I have witnessed in a long time

Re: Martin Shkreli is found guilty of securities fraud

#27
post #5

I 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.

The outrageous price increases directly led to people dying because they couldn't afford life-saving medication.

There's no redeeming yourself from that just because you're charming or intelligent. Psychopaths often are.

Re: Martin Shkreli is found guilty of securities fraud

#28
post #5

I 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…

Of course they are legal. It doesn't make him any better as a person.

Re: Martin Shkreli is found guilty of securities fraud

#29
post #5

I 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…

Shkreli was blunt and open about a sleazy thing that many others are cagey about. That doesn't make him better than them, just more visible.

Re: Martin Shkreli is found guilty of securities fraud

#30
post #23

Earlier quoted context omitted.

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.

He can be both charming and intelligent, and a complete douchebag at the same time.

Yes, hat was rather my point, I guess I was just trying to put it more delicately
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