'Pharma bro' Martin Shkreli sentenced to 7 years in prison — says 'This is my fault'

And to think, only 1 banker went to prison for the entire 2008 market collapse. Shkreli's investors didn't even lose any money. This stinks of politics.

a reply to: howtonhawky

Ya, a real saint ..didn't he have to use his money because he funnelled money investors put into another company to another company, what a shell game..this couldn't of happened to a nicer guy.

a reply to: Konduit

True enough..I guess Shkreli wasn't too big to fail. I still have 0% sympathy for him..compounded quarterly

a reply to: howtonhawky

it is right in line with the guy getting in trouble with the cops at McDonald for feeding the homeless.

GTFO


I just read he caused between 9-20 million in losses.

a reply to: CriticalStinker

this also makes him richer either way.

hes going to get out in 3 years, get a book deal, get a netflix documentary series... maybe a spinoff of some sort.
then get a reality series on like TLC or Discovery Channel, then he'll do a then 'old school' podcast.

Land of Opportunity. America's justice system.

Hard to feel sorry for him. So greedy and nasty self centered. This is Karma in action.

originally posted by: Lysergic
a reply to: howtonhawky

Bitter?

nah it's hilarious I watched him run his #sucker for a good while.

Schadenfreud overfloweth.

Don't tell me you cupcaking ole dude.

I was just wondering.

I mean if the constant mouth flow got to you then i understand that.

I like the honesty that you were not claiming that his actions were reason enough for a 7 yr sentence.

looks like trump is safe now

a reply to: howtonhawky

The guy is a creep. He didn't use his own money, he used money from another company his investors owned to pay off the investors of another company he had already taken money from to payoff the investors in that company. A ponzi scheme, as he used the money to elevate his own lifestyle while the investors in his hedge fund lost money because he was robbing them.

Scumbag raised the price of a drug that was already expensive to over 750 dollars a pill, not because it wasn't profitable but so he could steal more money, scumbag also had to give up 7 million to pay back investors. Small time Bernie Madoff who got caught before he could steal more

a reply to: DJMSN

well it is good to hear from someone who has researched the subject and puts their facts together well.

thanks here is a decent read

cbs

"What he basically showed everyone was that drug companies can set their prices where they want, and they can raise their prices when they feel like it," said Dr. Peter Bach, with Memorial Sloan Kettering Cancer Center.

lololssssss

Has anyone checked the price of daraprim lately???

lololol

our justice system has many flaws


I would love to see proof of who he cost money

a reply to: howtonhawky

I in no way intend to defend Big Pharma as I believe they scam people every day with unnecessary drugs and exploit the entire health care system. This fool however was burning the candle from 3 wicks, and showed zero remorse until the time the judge said 7 years.

And the investors, likely 401k and other retirement funds are the ones who lost money in his scam. Perhaps you should your own link. He forced one company out of business and raked the money from another. The guy did not use his own money at all, he spent that money on a Wu Tang album, and other frivolity, just another creep.

He will be out in 3 and be around 7 million lighter so hopefully he will not be in a position to exploit the system again and the link you gave is a good read so thank you, the guy is a real creepy example of the financial system and health care industry. I suppose he did help expose the flaws in what are the real problems in our health care system...MONEY

a reply to: DJMSN

We are thinking much the same and as another poster pointed out his biggest crime was his words and not his actions.imo

I still have not pinned down any actual peeps that lost money directly cause of this guy.

Prosecutors convinced the jury of five men and seven women that Shkreli, 34, misled investors in two of his hedge funds, MSMB Capital and MSMB Healthcare. Shkreli lied in order to get their money and then to cover up massive losses after he made a bad stock bet, according prosecutors.

Shkreli once walked by where reporters were seated in the courtroom during a break and whispered “fake news.”

Early in the trial, U.S. District Judge Kiyo Matsumoto chastised Shkreli for speaking with reporters where jurors might hear him after he strolled into a room full of media and called the prosecutors “junior varsity.

sounds like he is one adhd diagnosis away from freedom.

wp