did Shkreli ever make money trading or just defrauding

billyjoerob said:
So nobody here has actually lost money. Retrophin investors made money. His hedge fund investors made money, although they may have to cough it up. Shkreli made money. He may ultimately get out of this with a couple years in jail and some restitution and fines, which isn't a catastrophic outcome. He may get a lot less than that, in fact. He will have to do some time. Conrad Black spent a few years in jail for the same thing, Dennis K at Tyco did time. But neither of them can say that nobody lost money, Martin can.
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Sounds like a good role model for the kids.
 
As expected:

BREAKING: Shkreli representative, in new statement, says he "is confident that he will be cleared of all charges"

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billyjoerob said:
So nobody here has actually lost money. Retrophin investors made money. His hedge fund investors made money, although they may have to cough it up. Shkreli made money. He may ultimately get out of this with a couple years in jail and some restitution and fines, which isn't a catastrophic outcome. He may get a lot less than that, in fact. He will have to do some time. Conrad Black spent a few years in jail for the same thing, Dennis K at Tyco did time. But neither of them can say that nobody lost money, Martin can.
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Investors and traders lost money because he was insider trading, therefore corrupting the marketplace.
 
For a bunch of supposed free thinkers I'm surprised how many of you swallow the government line so easily.

You put any one of us on this forum in charge of a moderately complicated financial institution and I guarantee that within a month any one of us would have broken enough federal laws that a determined prosecutor would be able to put us away for a long time. And the Internet would blow up with comments about how we'd had it coming and how evil we are.

That's the way the justice system works here. Create so many laws and regulations so everyone is guilty and then control and use prosecutorial discretion.

I have no idea if he's guilty of what they accuse him of and I don't care. It's hardly relevant. He's getting taken down because there's only publicity upside and career advancement for people involved in doing so.
 
garachen said:
For a bunch of supposed free thinkers I'm surprised how many of you swallow the government line so easily.

You put any one of us on this forum in charge of a moderately complicated financial institution and I guarantee that within a month any one of us would have broken enough federal laws that a determined prosecutor would be able to put us away for a long time. And the Internet would blow up with comments about how we'd had it coming and how evil we are.

That's the way the justice system works here. Create so many laws and regulations so everyone is guilty and then control and use prosecutorial discretion.

I have no idea if he's guilty of what they accuse him of and I don't care. It's hardly relevant. He's getting taken down because there's only publicity upside and career advancement for people involved in doing so.
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Not one major Wall Street CEO was ever jailed after the 2008 subprime debacle. Not even one went to jail, including Angelo Mozilo, former CEO of now-defunct Countrywide Financial, the nation's largest subprime mortgage lender during the housing boom that led up to the 2008 collapse. Seriously, were there truly nobody accountable for the financial meltdown? To me, the FBI wasn't so hell bent on finding any, let alone arresting the responsible douche bags on Wall Street.

So why is Marty so unlucky? What did he do so egregiously stupid that he rubbed the FBI up the wrong way? There's gotta be only one answer: Daraprim. The government says otherwise, but that's one hard dose to swallow. That's not to say I condone the ugly acts of this scumbag. I believe he likely did misappropriate/embezzle the funds for his personal orgy--who would otherwise throw a friggin' $2M on Wu-Tang? But the less boneheaded question is how come he bought the ire of Uncle Sam while the other bigger and menacing mindfucks on Wall Street got off so easily?
 
schizo said:
Not one major Wall Street CEO was ever jailed after the 2008 subprime debacle. Not even one went to jail,

So why is Marty so unlucky? What did he do so egregiously stupid that he rubbed the FBI up the wrong way?
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No one was really to blame for the 2008 market meltdown...unless it would be possible to put the entire Government to jail for their economic policies...
it all started with 9-11-01....President Bush made rates basically zero after the Twin Towers were attacked coupled with the fresh dot com bust...and encouraged everyone to buy a house. grow the economy again.
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The banks and wall street were just simply playing at the casino.
Individual situations like Martin Shkreli are however made an example of. o_O
 
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schizo said:
Not one major Wall Street CEO was ever jailed after the 2008 subprime debacle. Not even one went to jail, including Angelo Mozilo, former CEO of now-defunct Countrywide Financial, the nation's largest subprime mortgage lender during the housing boom that led up to the 2008 collapse. Seriously, were there truly nobody accountable for the financial meltdown? To me, the FBI wasn't so hell bent on finding any, let alone arresting the responsible douche bags on Wall Street.

So why is Marty so unlucky? What did he do so egregiously stupid that he rubbed the FBI up the wrong way? There's gotta be only one answer: Daraprim. The government says otherwise, but that's one hard dose to swallow. That's not to say I condone the ugly acts of this scumbag. I believe he likely did misappropriate/embezzle the funds for his personal orgy--who would otherwise throw a friggin' $2M on Wu-Tang? But the less boneheaded question is how come he bought the ire of Uncle Sam while the other bigger and menacing mindfucks on Wall Street got off so easily?
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Very true but....

My bet is he will atleast do 100% gains on the Wu-Tang. Brilliant marketing!
 
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