541–550 of 633 posts
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>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.
I feel great. Shrekeli's a terrible person and I'm comfortable with him being held to account for his crimes.
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I've been around the block more than a few times and am generally too busy to comment on hacker news. This is just another way of saying that you come around to snipe at someone and then leave. What if Martin wanted to come participate on HN? How would he feel? Calling someone a "terrible person" for threatening to destroy an album (and then not doing it) ruins your ability to call out truly terrible people for truly…
No, that's my way of saying, who cares how many points I have on an internet forum and how are said points relevant to what I am saying? I glance at what's on HN in the morning and occasionally comment when something is super relevant or when I'm bored and sipping on a drink after work. I was sniping at you and your, oh so typical, defence of trolling, but since you want to talk about Martin (are you on a first name…
It matters when you come onto HN for the sole reason of trashing on someone, especially when you hardly participate in the first place. That kind of behavior causes other people to do the same, which makes the community worse.
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That's an extremely valid point. But there are documented cases of it being true.
Can you link to any documented cases? I searched and couldn't find any that weren't reported on by him or the company, not exactly independent sources.
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…
What's wrong with Congress questioning someone about legal but shady activity? If he broke the law, he'd just be prosecuted. No reason for Congress to have anything to do with it. But if what he did was legal but wrong, then maybe the law should be changed, and that's exactly what Congress is for.
If Congress had invited him to come testify, and he'd accepted, I would have absolutely zero problems with that. But that wasn't the situation he was in -- he was forced to attend a Congressional hearing by federal subpoena, for an action that was obviously not illegal in any way.
At the least, it was a small abuse of power in exchange for a publicity stunt. At the worst, it was unlawful detainment in an attempt to intimidate.
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Why do you favor harsher sentencing for him? As a hedge fund manager, losing money is not illegal. The only illegal thing he did was lie about it so that he could get them their money back. It would've been perfectly legal for him to lose all his clients money in the hedge fund, make them aware of this fact, and reap the profits from his pharma business without dishing it out to his hedge fund clients. As far as I ca…
> The only illegal thing he did was lie about it so that he could get them their money back. You're missing the point; giving his investors 'their' money back was the thing he did that was unethical and illegal. If you're a fund manager and the value of your portfolio goes down after making bad bets, you can't just inject your own money into the fund to make it look like you have a positive track record so that you c…
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Fraud has other components beyond just lying. For example, I could tell you that I'm Santa Claus, and, due to the rising complexity of children's toys, I need more money to hire additional elves this year, would you please donate? That wouldn't be fraud though, because, among other things, you aren't damaged by it. You might be damaged by it if you sent me your money, and I actually used it to buy myself sugar cookie…
Do the early investors who made money from Madoff's funds not have a fraud case against him since they made money even though it was paid out from later investors and not from the actual investments claimed? It seems like both cases are fraud, it's just that one has a better outcome for the victim than suing and hoping it wasn't all spent on Wu-Tang albums.
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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'…
I believe it is the SEC suing him for fraud, not investors trying to recoup losses. If you commit fraud in the financial industry, whether with or without harm, the regulator will come after you.
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1. There is no evidence of any R&D efforts. He did "market research", i.e. finding new drugs to acquire and hike the price on. 2. It was absolutely 100% not free to any individual who wished to obtain it. If you had no insurance you might (or might not) get it for free, but if you had lousy insurance you could get stuck with a 20% copay, which means you have to pay $18,000 out of pocket -per month-. Also, hospitals s…
I think you should start a pharmaceutical company to help these sick people.
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>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.
I feel great. Shrekeli's a terrible person and I'm comfortable with him being held to account for his crimes.
From where I sit, I do not see much difference between the man this article is about, and those enjoying schadenfreude at his expense. All are trapped in the same place.