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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

#471

Post by tehwebguy »

cloakandswagger wrote: post #296
singhrac wrote: post #217

Earlier quoted context omitted.

One thing to consider is: why is he the one who decides who can afford the drug or gets a free version? Seems horrible to me - we have laws to protect equal access to services like this (Medicare, Medicaid). Another argument of his I found extremely disgusting is that he claims he's reinvesting profits from the price raise to further drug research. Ok, but again, we only have his word for that (and he's been convicte…

Because it's his drug. He bought it. It's his property.

Exactly. If one does not like this particular part of the story perhaps they should write the politicians who stopped giving a shit the second the news moved on, and who seem to have accomplished nothing related to healthcare in the 2 years since.

Re: Martin Shkreli is found guilty of securities fraud

#472

Post by tptacek »

wavegeek wrote: post #455
ams6110 wrote: post #433

Earlier quoted context omitted.

Prosecutors don't charge people if they aren't fairly confident that the evidence will result in a conviction. However they will also be willing to bargain for a plea to save the effort and expense of a trial. This lets them get more cases through the system in less time. They (or the police) might also try to pressure a suspect to confess, just to see if he will. That saves them even more time. So bottom line, you s…

> Prosecutors don't charge people if they aren't fairly confident that the evidence will result in a conviction. Yes they do. They throw a huge array of charges, provable or now, at people with the intent to scare them. Punishing people for refusing to plead guilty should be a crime.

However often that may happen in non-computer cases, it doesn't appear to have happened in this case; you can read the whole indictment in less than 4 minutes.

Re: Martin Shkreli is found guilty of securities fraud

#473

Post by lomnakkus »

cloakandswagger wrote: post #430
lomnakkus wrote: post #420

Earlier quoted context omitted.

EDIT: OK, nevermind, I guess.

>Perhaps that makes me a bad person. Not bad, merely ignorant. You're celebrating the incarceration of someone you presumably know very little about, all while searching for "true" victims ("perhaps the public?") to fuel your indignation.

No, I think you actually mean bad. (That's not to say I don't understand your sentinment towards me, but really... I haven't hiked prices on life-saving medicines by upwards of 1000%, etc., so at least I win on moral relatisivm points?)

This man has harmed quite a few people... or their insurance companies... which of course means harming of their customers, i.e. "us" (who can even afford insurance).

I know enough about Shkreli to consider him an awful, awful person. Do I need to know how much he loves his children, or something equally conceited and pointless?

No, no I don't.

EDIT: Oh, wait, you're one of those extremist libertarian types, aren't you? (At least judging by your most recent 5 comments).

EDIT: Look, if he hadn't been convicted of securities fraud, I would still be defending his rights as a... defendant, but now that he has been convicted, I don't feel sorry for him. (For ultimately unrelated reasons, as it turns out. I'm guessing I'm a bad person for that.)

Re: Martin Shkreli is found guilty of securities fraud

#474

Post by [deleted] »

rayiner wrote: post #459
wavegeek wrote: post #455

Earlier quoted context omitted.

> Prosecutors don't charge people if they aren't fairly confident that the evidence will result in a conviction. Yes they do. They throw a huge array of charges, provable or now, at people with the intent to scare them. Punishing people for refusing to plead guilty should be a crime.

Example?

[deleted]

Re: Martin Shkreli is found guilty of securities fraud

#475

Post by sintaxi »

aphextron wrote: post #290

>“Rarely has a white-collar criminal defendant evoked hatred and scorn from public in the way Shkreli has. Shkreli’s willingness to lie, step on people, flaunt his wealth and look down on others made him a villain that many wanted to see go down in flames,” said James Goodnow, an attorney with Fennemore Craig, a corporate defense firm. This attitude is just disgusting, and indicative of precisely what has gone wrong…

Well if the thug pointed a loaded gun the the clerks face for 20 bills I would say yes.

Re: Martin Shkreli is found guilty of securities fraud

#476

Post by nerfhammer »

artursapek wrote: post #362
CobrastanJorji wrote: post #287

Earlier quoted context omitted.

That's different, though. The goal of a parole suitability hearing is to determine whether an inmate poses an unreasonable risk of danger to society if released from prison. A data point like "this prisoner murdered some people" is very relevant to that determination.

Not that I think OJ is innocent, but that can't be treated as a "data point"; based on public record he did not murder anyone.

He was found liable for causing wrongful deaths.

Re: Martin Shkreli is found guilty of securities fraud

#477

Post by Froyoh »

turc1656 wrote: post #421
downandout wrote: post #398

Earlier quoted context omitted.

Let me start by saying that what you are saying probably should be the way it plays out in this case. Everyone seems to have made money. I was just stating how it actually plays out in the vast majority of federal cases, and will likely play out here. In this case, because of the amount involved, the guidelines will call for a substantial prison sentence (well over 5 years). There is actually a loss table (again, we'…

Very interesting. I certainly hope he gets more time than I am expecting. Personally, my gut is saying 1-2 years. I'd be happy if he gets 4-6 like you expect. Definitely going to be interesting to hear the judges words during sentencing. I was listening to the Michelle Carter sentencing yesterday, as I was following that relatively closely. Now I'm waiting to see what happens here, but this is much more cut and dry t…

I'm willing to say less than 1 year, we'll see who's right ;)

Re: Martin Shkreli is found guilty of securities fraud

#478

Post by epmaybe »

laughinghan wrote: post #466
randyrand wrote: post #405

Earlier quoted context omitted.

Why not both? What he's doing, creating outrage legally, is one of the most effective ways to create positive change that actually affects the whole industry. And hes making money too! Win-win? He committed early on to give financial aid to those that could not afford the new drug's price. His conscious is rather clean. I see it no different to what most private schools do - charge a huge sticker price then offer aid…

> Why not both? Because doing so would kill people? > He committed early on to give financial aid to those that could not afford the new drug's price. Did he actually do this or just say he would? As has been noted by others through this thread, including by folks who like him, he's prone to lying. Also, are you really claiming that people of all incomes have equal access to expensive private schools?

Also by increasing the cost for people with insurance, insurance eats the cost and raises the premiums for everyone. Someone definitely lost, and it was basically everyone on an insurance plan that needed those drugs

Re: Martin Shkreli is found guilty of securities fraud

#480

Post by artursapek »

downandout wrote: post #411
artursapek wrote: post #357

Earlier quoted context omitted.

It will be interesting to see the sentence. He definitely seems to disagree with you: https://twitter.com/SamTheManTP/status/893552820548403201 Q: How much time do you likely face? Shkreli: Uh I'm guessing none on the short side 6 months long side

I could see that he was expecting something like that based upon his press conference outside the courthouse. I think he's in for a very rude introduction to the concept of "intended loss" and the federal sentencing system in general.

Not claiming any knowledge on the subject, just wanted to back up suggestions of his expectations with evidence. We'll see what happens. Personally I'm rooting for him, I think he's misunderstood.
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