Martin Shkreli has been sentenced to seven years in prison

#1

Post by tchalla » Fri, Mar 09, 2018, 7:04 PM UTC

Martin Shkreli has been sentenced to seven years in prison
theverge.com

Re: Martin Shkreli has been sentenced to seven years in prison

#2

Post by gfosco » Fri, Mar 09, 2018, 7:14 PM UTC

Harsh sentence for a case where all the money was paid back.

Re: Martin Shkreli has been sentenced to seven years in prison

#3

Post by sincerely » Fri, Mar 09, 2018, 7:15 PM UTC

gfosco wrote: post #2

Harsh sentence for a case where all the money was paid back.

illegal is illegal

Re: Martin Shkreli has been sentenced to seven years in prison

#4

Post by ryanlol » Fri, Mar 09, 2018, 7:16 PM UTC

sincerely wrote: post #3

gfosco wrote: post #2

Harsh sentence for a case where all the money was paid back.

illegal is illegal

'illegal is illegal' is not at all how sentencing works.

Edit: Not sure if you guys are aware of this, but sentencing is actually completely separate from the part of the trial where they decide whether you're guilty or not.

Re: Martin Shkreli has been sentenced to seven years in prison

#5

Post by bhouston » Fri, Mar 09, 2018, 7:16 PM UTC

He was so obnoxious that I guess it is easy to be happy about that, but he was so small time in the grand scheme of things.

But nearly no bankers responsible for the 2008 financial crisis ever went to jail:

https://www.theatlantic.com/magazine/archive/2015/09/how-wal...

Re: Martin Shkreli has been sentenced to seven years in prison

#6

Post by gfosco » Fri, Mar 09, 2018, 7:17 PM UTC

sincerely wrote: post #3

gfosco wrote: post #2

Harsh sentence for a case where all the money was paid back.

illegal is illegal

of course, but 7 years is a very long time. It could have been shorter, considering the lack of actual damages.

Re: Martin Shkreli has been sentenced to seven years in prison

#7

Post by ModernMech » Fri, Mar 09, 2018, 7:17 PM UTC

gfosco wrote: post #2

Harsh sentence for a case where all the money was paid back.

"Your honor, I must protest this sentence! After all, my clients paid back all the money they stole from the bank!"

Re: Martin Shkreli has been sentenced to seven years in prison

#8

Post by giarc » Fri, Mar 09, 2018, 7:18 PM UTC

ryanlol wrote: post #4

sincerely wrote: post #3

Earlier quoted context omitted.

illegal is illegal

'illegal is illegal' is not at all how sentencing works. Edit: Not sure if you guys are aware of this, but sentencing is actually completely separate from the part of the trial where they decide whether you're guilty or not.

Unfortunately it's how he got into the mess. Without illegal actions there are no sentencing procedures.

Re: Martin Shkreli has been sentenced to seven years in prison

#9

Post by [deleted] » Fri, Mar 09, 2018, 7:21 PM UTC

ModernMech wrote: post #7

gfosco wrote: post #2

Harsh sentence for a case where all the money was paid back.

"Your honor, I must protest this sentence! After all, my clients paid back all the money they stole from the bank!"

[deleted]

Re: Martin Shkreli has been sentenced to seven years in prison

#10

Post by gfosco » Fri, Mar 09, 2018, 7:21 PM UTC

ModernMech wrote: post #7

gfosco wrote: post #2

Harsh sentence for a case where all the money was paid back.

"Your honor, I must protest this sentence! After all, my clients paid back all the money they stole from the bank!"

Not really a good analogy. They invested with him, he lost it but found another way to make that money back. There wasn't any theft.