I used to watch some of his investment tutorials on youtube as well as other videos. For someone called the "most hated man in America", he actually seemed like a nice person. I also enjoyed his trollish sense of humor.
Martin Shkreli has been sentenced to seven years in prison
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Re: Martin Shkreli has been sentenced to seven years in prison
#12Earlier quoted context omitted.
illegal is illegal
of course, but 7 years is a very long time. It could have been shorter, considering the lack of actual damages.
lesson one: don't play games with other people's money, unless they won't have any left when you're done. The second part is secret /s
Re: Martin Shkreli has been sentenced to seven years in prison
#13Re: Martin Shkreli has been sentenced to seven years in prison
#14Cruel and unusual given the crime. Half the sentence of Jeffrey Skilling who destroyed thousands of families. No question in my mind that the judge had it out for him from the get-go.
Re: Martin Shkreli has been sentenced to seven years in prison
#15Earlier quoted context omitted.
illegal is illegal
of course, but 7 years is a very long time. It could have been shorter, considering the lack of actual damages.
Why do you believe there were no actual damages? Because investors eventually got their money back after years of fraud? (I would also argue the investors in Retrophin lost millions in returns due to Shkreli's paying off MSMB Capital investors, but that is not what he was convicted of)
Re: Martin Shkreli has been sentenced to seven years in prison
#16I used to watch some of his investment tutorials on youtube as well as other videos. For someone called the "most hated man in America", he actually seemed like a nice person. I also enjoyed his trollish sense of humor.
His video series on investing and chemistry are like an adult version of Khan Academy. Martin literally sat on-air for weeks on end with a Chemistry textbook and went chapter-by-chapter explaining each topic in pretty good detail.
https://www.youtube.com/channel/UC8gjB1PSXv_oAUSAQ16S0fA/vid...
Re: Martin Shkreli has been sentenced to seven years in prison
#17Can someone explain specifically what lies he told his investors to defraud them?
Re: Martin Shkreli has been sentenced to seven years in prison
#18For every Shkreli that gets locked up there are hundreds of others that walk free. They wanted to make an example of him - it doesn't help that his character is almost a cartoon-villain of sorts.
Re: Martin Shkreli has been sentenced to seven years in prison
#19Re: Martin Shkreli has been sentenced to seven years in prison
#20Here's what we just witnessed.
1. Companies were cornering certain drugs, then hiking their prices up significantly. Shkrelli did the same thing (but stated he was willing to give it free for anyone who asked). Note, that this is not illegal in any way, but news was all over it and citizens were pissed.
2. Shkrelli, being outspoken, became the focus of this issue. He dug a hole for himself, but concerning drug prices, he did nothing illegal.
3. Prosecutors, needing to do something got him on fraud charges where he misstated information on an investment but still tripled their money.
4. Shkrelli goes to jail, news and citizenry quelled. Companies still free to continue cornering the market and jacking up prices with impunity.
That's how you get away with this stuff. News made money with the story. Companies made money with their drug hikes, politicians and prosecutors look good because they took action, Shkrelli investors made money. Shkrelli lost, patients lost, taxpayers lost. Rinse, repeat. Systemic corruption.