Martin Shkreli Found Guilty

Discussion in 'Current Events' started by tharock220, Aug 4, 2017.

  1. tharock220

    tharock220 Well-Known Member

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    I don't really care about the epipen thing. I do, however, hate thieves, and I hate ones who are financiers even more.

    https://www.nytimes.com/2017/08/04/business/dealbook/martin-shkreli-guilty.html

    Martin Shkreli, accused of defrauding his hedge fund investors and a pharmaceutical company, was convicted on three of eight counts on Friday, after a five-week trial in the Federal District Court in Brooklyn.

    Mr. Shkreli was convicted of securities fraud in connection with his hedge fund MSMB Capital; of securities fraud in connection with another hedge fund he ran, MSMB Healthcare; and of conspiracy to commit securities fraud, related to a scheme in which he tried to secretly control a huge portion of shares of Retrophin, a drug company he started.

    He faces up to 20 years on each of the first two counts, and up to five years on the final count.

    The conviction, even as a mixed verdict, was a major defeat for the divisive Mr. Shkreli, who said before the trial that he was “so innocent” that the judge, jury and prosecutors would apologize to him afterward.

    Mr. Shkreli, 34, was acquitted of the count that potentially carried the most weight for sentencing: count seven, which charged him with defrauding Retrophin by creating sham consulting agreements and unauthorized settlement agreements. That charge was associated with the biggest financial loss, which judges take into account when deciding on sentences in fraud cases.

    Bridget Rohde, the acting United States attorney for the Eastern District of New York, the federal prosecutors’ office in Brooklyn, said she was “gratified” with the verdict. “Our work is not done: Mr. Shkreli remains to be sentenced, and there’s a co-defendant in the case,” she said, referring to Evan Greebel, Mr. Shkreli’s onetime lawyer, who is scheduled to be tried in the fall.
     
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  2. waltky

    waltky Well-Known Member

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    Granny says, "Dat's right - dat oughta wipe dat smirky lil' grin off his face...
    [​IMG]
    Eccentric hedge fund operator Martin Shkreli found guilty of fraud
    4 Aug.`17 - Martin Shkreli, the eccentric former pharmaceutical CEO notorious for a price-gouging scandal and for his snide "Pharma Bro" persona on social media, was convicted Friday on federal charges that he deceived investors in a pair of failed hedge funds.
     
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  3. For Topical Use Only

    For Topical Use Only Well-Known Member

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    If you're going to be a sleazy thief vying to drop by the 0.01% crowd for an occasional Martini you'd best shut your insufferable cakehole in public.
     
  4. gamewell45

    gamewell45 Well-Known Member Past Donor

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    I hope they throw the book at him when it comes to his sentencing.
     
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  5. Sam Bellamy

    Sam Bellamy Well-Known Member

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    Lock the greedy pig up and throw away the key.
     
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  6. waltky

    waltky Well-Known Member

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    Granny says, "Dat's right - kill alla lawyers...
    [​IMG]
    Ex-lawyer for pharma exec Shkreli convicted of aiding fraud scheme
    December 27, 2017 - A New York corporate lawyer who once advised Martin Shkreli was convicted on Wednesday of charges he helped the former pharmaceutical executive steal millions of dollars from a drug company to pay back investors in two failed hedge funds.
     
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  7. RP12

    RP12 Well-Known Member

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    If only John Corzine faced the same thing of course he had higher connections.
     
  8. Toefoot

    Toefoot Well-Known Member Past Donor

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    Such a thing as good money and bad money and the kid did not have the wisdom to follow the good.
     
  9. jay runner

    jay runner Banned

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    The dual-tier prison system, designed to exempt government officials and highly connected white collar folk from hard time and suffering, should be done away with in favor of all get harsh treatment in the same hard joints.
     
  10. LangleyMan

    LangleyMan Well-Known Member

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    The slimey little wimp can't hold a candle to Valeant Pharmaceuticals International, Inc. who did pretty much the same thing many times over:
    Why aren't these suckers in jail? If there is a Hell, they'll rot there when they go for a dirt nap.
     
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  11. Antiduopolist

    Antiduopolist Well-Known Member

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    Affordable Medicare for all, including affordable drugs, could change this.

    But one has to believe that life is a basic human right.
     
  12. Covfefe

    Covfefe Banned

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    Yeah for Republicans the only ones that matter are the ones not born yet then after that eat **** basically.
     
  13. For Topical Use Only

    For Topical Use Only Well-Known Member

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    Ah yes, the dual-tier for profit prison system, enjoying a bumper tax windfall as I type due to clever restructuring.

    More comfy beds for customers, no doubt, but who's really the crook.
     
  14. jay runner

    jay runner Banned

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    I'd like to see all prisons built on the model of Angola in Lusiana -- built in uncomfortable places like swamps offering only harsh conditions. And nothing better available to politicians, political hangers on, and white collars.
     
    Last edited: Dec 28, 2017

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