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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

#31

Post by apk-d »

hellofunk wrote: post #25
cloakandswagger wrote: post #13

Earlier quoted context omitted.

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…

Are there any actual cases of people saying they can't afford the drug any more?

Re: Martin Shkreli is found guilty of securities fraud

#32

Post by pyroinferno »

hellofunk wrote: post #25
cloakandswagger wrote: post #13

Earlier quoted context omitted.

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…

You have no clue what this court case was about, do you?

Re: Martin Shkreli is found guilty of securities fraud

#33

Post by sehugg »

jedberg wrote: 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?

"He lost everything in MSMB Capital after a bad trade in February 2011, and hid that fact, sending investors statements for more than a year and a half showing strong returns — even though the fund didn’t trade after that month, and had no assets."

Re: Martin Shkreli is found guilty of securities fraud

#35

Post by PhasmaFelis »

hellofunk wrote: post #25
cloakandswagger wrote: post #13

Earlier quoted context omitted.

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…

But that's not why he was convicted, which means his conviction does nothing to discourage that.

Re: Martin Shkreli is found guilty of securities fraud

#36

Post by flipp3r »

hellofunk wrote: post #25
cloakandswagger wrote: post #13

Earlier quoted context omitted.

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…

This is not true. The drug was given away for free to people who could not afford it. Are there any cases of what you're saying actually happening?

Re: Martin Shkreli is found guilty of securities fraud

#37

Post by lucaspm98 »

swang wrote: post #22
Clubber wrote: 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...

To be fair, the quote itself says "according to prosecutors" so this is only one side of the story.

Re: Martin Shkreli is found guilty of securities fraud

#38

Post by enraged_camel »

cloakandswagger wrote: post #9
Clubber wrote: 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.

It is very common for "psychopaths" to play charming. That is one of many ways in which they manipulate others because it makes the victims lower their defenses.

Re: Martin Shkreli is found guilty of securities fraud

#39

Post by Budweiser »

hellofunk wrote: post #25
cloakandswagger wrote: post #13

Earlier quoted context omitted.

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…

You mean he made it more difficult for insurance companies to pay for this drug? People don't buy these drug if they don't have insurance.

Re: Martin Shkreli is found guilty of securities fraud

#40

Post by tnecniv »

legohead wrote: post #12
Clubber wrote: 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…

The YouTube video of him doing an Ebay Analysis [1] was very interesting I thought, both from a technical point of view and another look at his character. [1] https://www.youtube.com/watch?v=jFSf5YhYQbw

Watching Excel power users is really fascinating.
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