'Pharma bro' Martin Shkreli sentenced to 7 years in prison

Discussion in 'Politics & Current Events' started by Explorer, Mar 9, 2018.

  1. Explorer

    Explorer He seldomly knows...

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  2. cwhitey2

    cwhitey2 BlackendCrust Metal™

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    He's a POS and seven years is not enough.
     
    Last edited: Mar 9, 2018
  3. NateFalcon

    NateFalcon ...but I like Timaru...

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    He should quit crying and be thankful he’s going to a posh federal prison...he wouldn’t make it a week in general population in a real prison where he’d probably gets AIDS (by force) and need to take his own drug -what a little pussy!!
     
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  4. BenjaminW

    BenjaminW SS.org Regular

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    cwhitey2 likes this.
  5. Edika

    Edika SS.org Regular

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    7 years only? I don't support capital punishment but I wouldn't but an eye if they throwed this sorry excuse of a human being in a pit full of crocodiles.
     
  6. The906

    The906 Hella rad Contributor

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    After seeing the American Greed episode on this guy, I'm convinced he'd make the perfect modern politician. Complete and abject denial of accountability ftw.
    Total sociopath imo. But I'm not a certified public analyst or anything.
     
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  7. Drew

    Drew Forum MVP

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    He's got such a punchable face. I'm happier to hear he cried when the verdict was read, more than I am about the verdict itself.

    He's a shitty guitarist, too.
     
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  8. bostjan

    bostjan MicroMetal Contributor

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    How did this guy even get rich enough to start buying out companies anyway?!

    So I guess he won't be buying Gibson and raising the price of Les Pauls to $15k.
     
  9. The906

    The906 Hella rad Contributor

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    Ponzi schemes.
     
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  10. bostjan

    bostjan MicroMetal Contributor

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    Shit, I should have run one of those. Maybe it's not too late. Want to buy some stock in micrometal? :lol:
     
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  11. The906

    The906 Hella rad Contributor

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    Let's patent bevels, then hire some patent lawyers. Kill it! Kill it with fire! or litigation!
     
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  12. Hollowway

    Hollowway Extended Ranger

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    This is actually pretty cool. I was SURE he was going to get off scot free.
     
  13. Drew

    Drew Forum MVP

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    I wasn't sure what to think, because it was SUCH a weird case. The problem as I saw it, was as he hadf very likely committed fraud, he hadn't actually hurt any investors, since they all fully recouped their losses, plus some. He just may have (or may not have, it was a ghrey area) inappropriately used funds invested from anbother company he also ran to do so. It was a novelty, in that there were victim impact statements from wealthy investors basically saying, "yeah, we're actually just fine." That's unheard of. :lol:
     
  14. Ralyks

    Ralyks The One Who Knocks Contributor

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    I mean... Do I NEED to get deeper than "Good. Fuck him."?
     
  15. NateFalcon

    NateFalcon ...but I like Timaru...

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    ...and this guy is no “bro” - he’s a total geek who’d get beat up by jr. high kids
     
  16. Explorer

    Explorer He seldomly knows...

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    That right there was the end of it. The law only requires engaging in fraud, not proof of harm.

    That rendered all affidavits regarding a lack of harm moot.
     
  17. Drew

    Drew Forum MVP

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    But agian, "very likely" isn't necessarily the same as "definitely," and in court that matters.

    I'm a little fuzzy of the details of how exactly this was structured, but evidently he paid back investors of one fund he managed, by investing in that fund with cash from another fund he managed, and then using that cash to pay back investors who were looking to withdraw money. It was shady, sure, but it would take a hard look at the details so say for 100% sure it was fraudulent. Again, it was a VERY weird case. :lol:

    Also, fraud DOES require harm:

    https://legal-dictionary.thefreedictionary.com/fraud
     
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