Go Back   Freethought Forum > The Public Baths > News, Politics & Law

Reply
 
Thread Tools Display Modes
  #1  
Old 03-10-2018, 06:59 PM
The Lone Ranger's Avatar
The Lone Ranger The Lone Ranger is offline
Jin, Gi, Rei, Ko, Chi, Shin, Tei
 
Join Date: Jul 2004
Posts: MXDXCIX
Images: 523
Default Martin Shkreli sentenced to Seven Years ...

... for fraud.

You remember "Pharma Bro" Shkreli, who raised the price of life-saving medication by more than 5,000%? He has been sentenced to seven years for federal fraud charges related to hedge funds.


As plenty of people have pointed out, he was not punished for price gouging poor, desperate people -- even though it's all but certain that some people died because of his actions. What he was punished for is misleading investors -- that is, for taking money from people who were (mostly) rich.


Screw poor people and get away scot-free, even if some of them die as a result of your actions. Screw rich people, and you go to jail.
__________________
“The greatest way to live with honor in this world is to be what we pretend to be.”
-- Socrates
Reply With Quote
Thanks, from:
Ari (03-10-2018), beyelzu (01-15-2022), BrotherMan (03-10-2018), But (03-10-2018), Dingfod (03-11-2018), JoeP (03-10-2018), Kamilah Hauptmann (03-10-2018), Kyuss Apollo (03-11-2018), lisarea (03-10-2018), slimshady2357 (03-10-2018), Sock Puppet (03-12-2018), Stephen Maturin (03-10-2018), Stormlight (03-12-2018), The Man (03-10-2018), viscousmemories (03-13-2018), Watser? (03-11-2018), Zehava (01-14-2022)
  #2  
Old 03-10-2018, 07:54 PM
Ari's Avatar
Ari Ari is offline
I read some of your foolish scree, then just skimmed the rest.
 
Join Date: Jan 2005
Location: Bay Area
Gender: Male
Posts: XMDCCCLV
Blog Entries: 8
Default Re: Martin Shkreli sentenced to Seven Years ...

An activist I follow keeps mentioning how if you really want to get people to listen and care, fuck with their money. It's amazing how true it really is.
Reply With Quote
Thanks, from:
BrotherMan (03-10-2018), Dingfod (03-11-2018), Kamilah Hauptmann (03-10-2018), Stormlight (03-12-2018), The Lone Ranger (03-10-2018), The Man (03-10-2018), Watser? (03-11-2018)
  #3  
Old 03-10-2018, 08:32 PM
JoeP's Avatar
JoeP JoeP is online now
Solipsist
 
Join Date: Jul 2004
Location: Kolmannessa kerroksessa
Gender: Male
Posts: XXXVMMXIII
Images: 18
Default Re: Martin Shkreli sentenced to Seven Years ...

I was assuming it was an Al Capone situation. Charge him with the stuff that's going to stick, not the stuff that risks getting thrown out or losing.
__________________

:roadrun:
Free thought! Please take one!

:unitedkingdom:   :southafrica:   :unitedkingdom::finland:   :finland:
Reply With Quote
Thanks, from:
Dingfod (03-11-2018), Kamilah Hauptmann (03-10-2018), Stormlight (03-12-2018), The Lone Ranger (03-10-2018), The Man (03-10-2018), Watser? (03-11-2018)
  #4  
Old 03-10-2018, 09:23 PM
The Man's Avatar
The Man The Man is offline
Safety glasses off, motherfuckers
 
Join Date: Apr 2009
Location: Sarasota, FL
Gender: Bender
Posts: MVCMLVI
Default Re: Martin Shkreli sentenced to Seven Years ...

The real lesson of this story is that the Wu-Tang Clan ain't nothin' to fuck with.

__________________
Cēterum cēnseō factiōnem Rēpūblicānam dēlendam esse īgnī ferrōque.

“All for ourselves, and nothing for other people, seems, in every age of the world, to have been the vile maxim of the masters of mankind.” -Adam Smith

last.fm · my music · Marathon Expanded Universe
Reply With Quote
Thanks, from:
BrotherMan (03-11-2018), Dingfod (03-11-2018), Kamilah Hauptmann (03-10-2018), The Lone Ranger (03-10-2018)
  #5  
Old 03-10-2018, 09:26 PM
Kamilah Hauptmann's Avatar
Kamilah Hauptmann Kamilah Hauptmann is offline
Shitpost Sommelier
 
Join Date: Mar 2016
Posts: XVMCMXXIII
Default Re: Martin Shkreli sentenced to Seven Years ...

Quote:
Originally Posted by Ari View Post
An activist I follow keeps mentioning how if you really want to get people to listen and care, fuck with their money. It's amazing how true it really is.
^That.

Watch people lose their blessed minds at a cash register if so much as a nickel is omitted from the change.
__________________
Peering from the top of Mount Stupid

:AB: :canada:
Reply With Quote
Thanks, from:
Ari (03-10-2018), Dingfod (03-11-2018), Stormlight (03-12-2018), The Lone Ranger (03-10-2018), The Man (03-11-2018)
  #6  
Old 03-10-2018, 09:40 PM
slimshady2357's Avatar
slimshady2357 slimshady2357 is offline
forever in search of dill pickle doritos
 
Join Date: Jul 2004
Posts: VMLXXIV
Blog Entries: 6
Images: 52
Default Re: Martin Shkreli sentenced to Seven Years ...

This is sort of how I feel.

__________________
Reply With Quote
Thanks, from:
Ari (03-10-2018), But (03-10-2018), Dingfod (03-11-2018), Kamilah Hauptmann (03-10-2018), Kyuss Apollo (03-11-2018), Sock Puppet (03-12-2018), Stormlight (03-12-2018), The Lone Ranger (03-10-2018), The Man (03-11-2018), viscousmemories (03-13-2018)
  #7  
Old 03-11-2018, 12:18 AM
lisarea's Avatar
lisarea lisarea is offline
Solitary, poor, nasty, brutish, and short
 
Join Date: Jul 2004
Posts: XVMMMDCXLII
Blog Entries: 1
Images: 3
Default Re: Martin Shkreli sentenced to Seven Years ...

Shkreli is a huge douche, but the only thing that sets him apart from the rest of that industry is his theatrics.

I'm glad he's going to prison and I'm glad he's crying, but the problem is capitalism, not Martin Shkreli.

(I'm not 100% against capitalism in every domain, just a lot of them.)
Reply With Quote
Thanks, from:
Ari (03-11-2018), BrotherMan (03-11-2018), But (03-11-2018), ceptimus (03-11-2018), Dingfod (03-11-2018), lpetrich (03-23-2018), slimshady2357 (03-11-2018), SR71 (03-11-2018), Stormlight (03-12-2018), The Lone Ranger (03-11-2018), The Man (03-11-2018), viscousmemories (03-13-2018)
  #8  
Old 03-11-2018, 07:57 PM
Kyuss Apollo's Avatar
Kyuss Apollo Kyuss Apollo is offline
happy now, Mussolini?
 
Join Date: May 2006
Location: location, location
Posts: VMCCCXI
Blog Entries: 7
Images: 17
Default Re: Martin Shkreli sentenced to Seven Years ...

Prison commissary increases lube price by 5000% ahead of Martin Shkreli’s arrival

Quote:
"Shkreli has been warned to walk with his back against the wall at all times."
__________________
This week's track: MINUTEMEN - History Lesson Part II



Reply With Quote
Thanks, from:
Ari (03-12-2018), JoeP (03-11-2018), Kamilah Hauptmann (03-11-2018), lpetrich (03-23-2018), The Man (03-11-2018)
  #9  
Old 03-11-2018, 08:32 PM
Kamilah Hauptmann's Avatar
Kamilah Hauptmann Kamilah Hauptmann is offline
Shitpost Sommelier
 
Join Date: Mar 2016
Posts: XVMCMXXIII
Default Re: Martin Shkreli sentenced to Seven Years ...

On the one hand, I laughed, on the other I hope one day we can move past rape jokes being funny.
__________________
Peering from the top of Mount Stupid

:AB: :canada:
Reply With Quote
Thanks, from:
Ari (03-12-2018), Crumb (03-12-2018), erimir (03-12-2018), fragment (03-12-2018), Stormlight (03-12-2018), The Man (03-11-2018), viscousmemories (03-13-2018), Zehava (03-11-2018)
  #10  
Old 03-15-2018, 02:48 AM
Kyuss Apollo's Avatar
Kyuss Apollo Kyuss Apollo is offline
happy now, Mussolini?
 
Join Date: May 2006
Location: location, location
Posts: VMCCCXI
Blog Entries: 7
Images: 17
Default Re: Martin Shkreli sentenced to Seven Years ...

From his figurative rape of aids patients to the literal possibility of being raped in prison. How far the smug have fallen.

Not saying he deserves to be raped, but if there was anyone who I feel little sympathy for having to live in daily fear of being raped, it would be Martin Shkreli.
__________________
This week's track: MINUTEMEN - History Lesson Part II



Reply With Quote
  #11  
Old 03-15-2018, 04:15 AM
Dingfod's Avatar
Dingfod Dingfod is offline
A fellow sophisticate
 
Join Date: Jul 2004
Location: Cowtown, Kansas
Gender: Male
Blog Entries: 21
Images: 92
Default Re: Martin Shkreli sentenced to Seven Years ...

Prison rape is not as common as movies and television and jokes would have you believe, but it does happen, and if it did happen to Mr. Smugface, I wouldn't be surprised.
__________________
Sleep - the most beautiful experience in life - except drink.--W.C. Fields
Reply With Quote
  #12  
Old 03-16-2018, 04:43 PM
Limoncello's Avatar
Limoncello Limoncello is offline
ChuckF's sock
 
Join Date: Dec 2016
Gender: Female
Posts: MMMDLVI
Blog Entries: 1
Images: 5
Default Re: Martin Shkreli sentenced to Seven Years ...

The prices for commissary items for Shkreli will be 5000% above normal.
__________________
#jeSuisLimoncello


:lemon:..
Reply With Quote
Thanks, from:
Kamilah Hauptmann (03-16-2018), The Lone Ranger (03-16-2018), The Man (03-16-2018)
  #13  
Old 01-14-2022, 08:21 PM
Kamilah Hauptmann's Avatar
Kamilah Hauptmann Kamilah Hauptmann is offline
Shitpost Sommelier
 
Join Date: Mar 2016
Posts: XVMCMXXIII
Default Re: Martin Shkreli sentenced to Seven Years ...

Shkreli Ordered to Return $64M, is Barred From Drug Industry – NBC New York
__________________
Peering from the top of Mount Stupid

:AB: :canada:
Reply With Quote
Thanks, from:
Ari (01-15-2022), JoeP (01-14-2022), lisarea (01-14-2022), slimshady2357 (01-15-2022), Sock Puppet (01-17-2022), Stephen Maturin (01-14-2022), viscousmemories (01-14-2022), vremya (01-14-2022)
  #14  
Old 01-15-2022, 12:11 AM
Stephen Maturin's Avatar
Stephen Maturin Stephen Maturin is offline
Flyover Hillbilly
 
Join Date: Jul 2004
Location: Juggalonia
Posts: MXDXXVI
Default Re: Martin Shkreli sentenced to Seven Years ...

Shkreli, who's the smirking, high-profile face of this heinous practice, justifiably got his cowardly ass kicked. However, for a glimpse at how the real pros do it, check out Season 1, Episode 3 of the Netflix series Dirty Money. There you'll hear the tale of Valeant Pharmaceuticals, which under the direction of a slimebucket named Mike Pearson decided the way to make money in the drug business was to buy up smaller pharma companies, thereby acquiring the smaller company's drug patents, shitcan all research and development, vastly jack up the prices on the acquired drugs, and engineer large-scale insurance fraud to pay for it.

Valeant, under a different name, continues to do business even after the scheme collapsed. Pearson, who got booted as CEO in 2016, remains a free man and filed a $30 million+ lawsuit for wrongful termination. No word on how the case ended, as the court in which the case was filed kicked it to arbitration, but it's reasonable to assume Pearson saw a hefty payday.
__________________
"We can have democracy in this country, or we can have great wealth concentrated in the hands of a few, but we can't have both." ~ Louis D. Brandeis

"Psychos do not explode when sunlight hits them, I don't give a fuck how crazy they are." ~ S. Gecko

"What the fuck is a German muffin?" ~ R. Swanson
Reply With Quote
Thanks, from:
Ari (01-15-2022), beyelzu (01-15-2022), ChuckF (01-15-2022), Crumb (01-16-2022), JoeP (01-15-2022), Kamilah Hauptmann (01-15-2022), lisarea (01-15-2022), Qingdai (01-20-2022), slimshady2357 (01-15-2022), Sock Puppet (01-17-2022), viscousmemories (01-15-2022)
  #15  
Old 01-15-2022, 12:42 AM
ChuckF's Avatar
ChuckF ChuckF is offline
liar in wolf's clothing
 
Join Date: Feb 2005
Location: Frequently about
Posts: XXCDXXX
Images: 2
Default Re: Martin Shkreli sentenced to Seven Years ...

Quote:
Originally Posted by Stephen Maturin View Post
Shkreli, who's the smirking, high-profile face of this heinous practice, justifiably got his cowardly ass kicked. However, for a glimpse at how the real pros do it, check out Season 1, Episode 3 of the Netflix series Dirty Money. There you'll hear the tale of Valeant Pharmaceuticals, which under the direction of a slimebucket named Mike Pearson decided the way to make money in the drug business was to buy up smaller pharma companies, thereby acquiring the smaller company's drug patents, shitcan all research and development, vastly jack up the prices on the acquired drugs, and engineer large-scale insurance fraud to pay for it.

Valeant, under a different name, continues to do business even after the scheme collapsed. Pearson, who got booted as CEO in 2016, remains a free man and filed a $30 million+ lawsuit for wrongful termination. No word on how the case ended, as the court in which the case was filed kicked it to arbitration, but it's reasonable to assume Pearson saw a hefty payday.
Hoo boy, Valeant. I think our Netflix account is currently paused, but I will have to check that out when next we turn it on. Valeant under Pearson was awful for the corporate raider/LBO stuff, and also got a really bad industry rap for so, so, so many other things. In a perverse way, their activities actually stimulated other areas of pharma because of the exodus of talent that their shit culture caused. Often rather than paying severance, they would just let things get progressively worse until people fled on their own. The smart ones got out early. Lots of good people bailed out of Salix when Valeant came in. Their acquisition/disposition and disposition of Sprout is one of the weirder stitch-ups and unwinds, wherein they acquired Sprout in cash and then turned around and sold it back to its originals owners for the same amount after getting called out for mispricing the only product of competitiveness. It amounted to an interest-free loan in exchange for single-digit royalties.
Reply With Quote
Thanks, from:
Ari (01-15-2022), beyelzu (01-15-2022), Crumb (01-16-2022), JoeP (01-15-2022), Kamilah Hauptmann (01-15-2022), lisarea (01-15-2022), Sock Puppet (01-17-2022), Stephen Maturin (01-15-2022), viscousmemories (01-15-2022)
Reply

  Freethought Forum > The Public Baths > News, Politics & Law


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

 

All times are GMT +1. The time now is 09:21 AM.


Powered by vBulletin® Version 3.8.2
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Page generated in 0.80984 seconds with 15 queries