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Martin Shkreli is found guilty of securities fraud

washingtonpost.com

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Re: Martin Shkreli is found guilty of securities fraud

#311

Post by surrey-fringe »

aphextron wrote: post #285
discombobulate wrote: post #77

I quite like Martin. I talked to him a few time on YouTube, whilst he was live streaming. He's whip-smart & knowledgeable. He does, however, have a couple of major flaws. 1) He trolls. Hard. 2) It seems he lies. Which I picked up from a previous news article. (He claimed to have ~$50mm under management @ his previous hedge fund. It was more like $1.6mm. Something like that). I can forgive the trolling. It's over the…

>I quite like Martin. I talked to him a few time on YouTube, whilst he was live streaming. He's a sociopath, of course you liked him. That's what those kind of people do. Build confidence and exploit people.

Nice armchair psychology. Do you have more?

Re: Martin Shkreli is found guilty of securities fraud

#312

Post by lr4444lr »

charlesdm wrote: post #169
austenallred wrote: post #153

Earlier quoted context omitted.

In a jury trial that would absolutely sway things

Which, all things considering, is ridiculous. People shouldn't be able to be convicted because they're assholes (even if they are). I don't live in the US, but being convicted by a "jury of your peers" is frankly, ridiculous. When has the average person been able to grasp complex matters relating to say, securities fraud? Most people aren't even able to stay out of debt. A panel of judges with specialised experience…

Agreed, but I question how smart Shkreli could be if he did not opt for a bench trial given his reputation.

Re: Martin Shkreli is found guilty of securities fraud

#313

Post by emodendroket »

charlesdm wrote: post #277
emodendroket wrote: post #251

Earlier quoted context omitted.

And you think getting rid of juries would help, or at least not make things worse? One of the reasons it's so high is that most cases are resolved as part of the plea system and never go to trial.

Isn't the main issue with a jury that is inherently unpredictable, and some people would prefer taking a decent plea over a bad verdict? People that aren't guilty shouldn't be forced to take a plea because the alternative could be worse. That is just wrong in every single way.

I agree that the use of plea bargains in the system today is deeply troubling. But getting rid of juries doesn't help. You still have a situation where the prosecutor can tell you your choices are going to jail for two years or taking your chances in court and maybe going away for decades, and you still have the inadequacies of the public defender system. The jury system is one of the parts of the system least in need of reform.

Re: Martin Shkreli is found guilty of securities fraud

#314

Post by sliverstorm »

charlesdm wrote: post #169
austenallred wrote: post #153

Earlier quoted context omitted.

In a jury trial that would absolutely sway things

Which, all things considering, is ridiculous. People shouldn't be able to be convicted because they're assholes (even if they are). I don't live in the US, but being convicted by a "jury of your peers" is frankly, ridiculous. When has the average person been able to grasp complex matters relating to say, securities fraud? Most people aren't even able to stay out of debt. A panel of judges with specialised experience…

Whether it's right or wrong, you don't earn the benefit of the doubt in tenuous cases by being a huge asshole.

Re: Martin Shkreli is found guilty of securities fraud

#315

Post by [deleted] »

discombobulate wrote: post #307
frgtpsswrdlame wrote: post #300

Earlier quoted context omitted.

How so? EDIT: Also, is that the only flaw you found with my comment? If so, lol.

Here's something on Wikipedia. I've not read it, yet. Not having a basis in economics is a reasonable argument, imo. https://en.wikipedia.org/wiki/Price_gouging#Opposition_to_la... Edit: I'm trying to listen to a live Shkreli interview & replaying @ the same time. Sorry if I didn't rebut it as fully as I would normally.

[deleted]

Re: Martin Shkreli is found guilty of securities fraud

#316

Post by emodendroket »

austenallred wrote: post #278
emodendroket wrote: post #256

Earlier quoted context omitted.

The OP was saying that bench trials are much better, not just that jury trials are flawed.

better != perfect

OK, so the argument is that regular people are... more fallible than a judge? I don't understand what you want to say at this point.

Re: Martin Shkreli is found guilty of securities fraud

#317

Post by emodendroket »

Clubber wrote: post #250
emodendroket wrote: post #201

Earlier quoted context omitted.

But judges are infallible and thus so are bench trials?

Judges are either appointed or elected, both equates to judges being political creatures.

It's a rhetorical question.

Re: Martin Shkreli is found guilty of securities fraud

#318

Post by TYE7JIKED5JK »

sAvi0r wrote: post #254
slantedview wrote: post #160

Earlier quoted context omitted.

Still a horrible person for so many reasons (including this one [1] the other day). [1] https://twitter.com/laurenduca/status/890960104262180865

The only horrible person in that tweet is the rat messaging her that crap so he can write some clickbait garbage for whatever trash site he works for, tbh. Let's be real - we all say stupid shit while drunk.

Repeated, direct verbal harassment, and inciting a mob of sycophants to follow suit is patently disgusting. He may be technically competent, but he completely lacks social intelligence.

Surely he's made his money at this point - the only thing driving his behavior is narcissism.

Re: Martin Shkreli is found guilty of securities fraud

#319

Post by Overtonwindow »

tanderson92 wrote: post #213
jjxw wrote: post #167

Earlier quoted context omitted.

There was a joke floating around somewhere (Matt Levine I think?) that one strategy to avoid a jury trial proceeding was to become so publicly infamous that it would be impossible to select an unbiased jury. Clearly didn't work out for Shkreli in this case.

Yes, matt levine. Curious what his thoughts are on this case on Monday.

Matt Levine is an excellent read. Even for those without a finance background he makes it easy to understand. Would make an exceptional professor.

Re: Martin Shkreli is found guilty of securities fraud

#320

Post by IshKebab »

jjxw wrote: post #167
emodendroket wrote: post #147

Earlier quoted context omitted.

Well, that's true, but the article seems to suggest that his brash persona/public conduct made it hard for him to win the case.

There was a joke floating around somewhere (Matt Levine I think?) that one strategy to avoid a jury trial proceeding was to become so publicly infamous that it would be impossible to select an unbiased jury. Clearly didn't work out for Shkreli in this case.

Nah that's stupid. It might delay your trial but do you really think they would just say "oh ok we won't bother"? Of course not - they'd just go ahead with the least biased jury they could find.
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