Remember the CEO who price gouged the HIV drugs? Well, now he's getting exposed

[ClosedCaption]

Pharma CEO Martin Shkreli Arrested on Charges of Securities Fraud

Shkreli, CEO Reviled for Drug Price Gouging, Arrested on Securities Fraud Charges

A boyish drug company entrepreneur, who rocketed to infamy by jacking up the priceof a life-saving pill from $13.50 to $750, was arrested by federal agents at his Manhattan home early Thursday morning on securities fraud related to a firm he founded.

Martin Shkreli, 32, ignited a firestorm over drug prices in September and became a symbol of defiant greed. The federal case against him has nothing to do with pharmaceutical costs, however. Prosecutors in Brooklyn charged him with illegally taking stock from Retrophin Inc., a biotechnology firm he started in 2011, and using it to pay off debts from unrelated business dealings. He was later ousted from the company, where he’d been chief executive officer, and sued by its board.

In the case that closely tracks that suit, federal prosecutors accused Shkreli of engaging in a complicated shell game after his defunct hedge fund, MSMB Capital Management, lost millions. He is alleged to have made secret payoffs and set up sham consulting arrangements. A New York lawyer, Evan Greebel, was also arrested early Thursday. He's accused of conspiring with Shkreli in part of the scheme.



Anywho, this guy is an greedy asshole who now is getting exposed. He was the fucking mascot for Capitalism run a muck and you guys applauded his bullshit. Congrats!


Here is my favorite part: When Hillary Clinton tried one more time last month to get him to cut the cost, he dismissed her with the tweet “lol.” At a Forbes summit in New York this month, wearing a hooded sweatshirt, he said if he could have done it over, “I probably would have raised the price higher,” adding, “my investors expect me to maximize profits.”

 

[TNHarley]

Well, at least he got to pay his employees more LOL

 

[ClosedCaption]

Well, at least he got to pay his employees more LOL

The company alleged in a complaint filed in Manhattan federal court that, through a disastrous trade with Merrill Lynch in 2011, Shkreli cost MSMB more than $7 million, leaving it virtually bankrupt.

Your Hero

 

[TNHarley]

Well, at least he got to pay his employees more LOL

The company alleged in a complaint filed in Manhattan federal court that, through a disastrous trade with Merrill Lynch in 2011, Shkreli cost MSMB more than $7 million, leaving it virtually bankrupt.

Your Hero

Why is he my hero? He was a lefty limp wrist that wanted to pay his employees more.

 

[mudwhistle]

Pharma CEO Martin Shkreli Arrested on Charges of Securities Fraud

Shkreli, CEO Reviled for Drug Price Gouging, Arrested on Securities Fraud Charges

A boyish drug company entrepreneur, who rocketed to infamy by jacking up the priceof a life-saving pill from $13.50 to $750, was arrested by federal agents at his Manhattan home early Thursday morning on securities fraud related to a firm he founded.

Martin Shkreli, 32, ignited a firestorm over drug prices in September and became a symbol of defiant greed. The federal case against him has nothing to do with pharmaceutical costs, however. Prosecutors in Brooklyn charged him with illegally taking stock from Retrophin Inc., a biotechnology firm he started in 2011, and using it to pay off debts from unrelated business dealings. He was later ousted from the company, where he’d been chief executive officer, and sued by its board.

In the case that closely tracks that suit, federal prosecutors accused Shkreli of engaging in a complicated shell game after his defunct hedge fund, MSMB Capital Management, lost millions. He is alleged to have made secret payoffs and set up sham consulting arrangements. A New York lawyer, Evan Greebel, was also arrested early Thursday. He's accused of conspiring with Shkreli in part of the scheme.



Anywho, this guy is an greedy asshole who now is getting exposed. He was the fucking mascot for Capitalism run a muck and you guys applauded his bullshit. Congrats!


Here is my favorite part: When Hillary Clinton tried one more time last month to get him to cut the cost, he dismissed her with the tweet “lol.” At a Forbes summit in New York this month, wearing a hooded sweatshirt, he said if he could have done it over, “I probably would have raised the price higher,” adding, “my investors expect me to maximize profits.”

None of us applauded him.

He's an example of what a free market can produce. However, supply and demand usually controls people like this. Government intervention often creates them in huge numbers. Free government money breeds abuses.

 

[ClosedCaption]

Well, at least he got to pay his employees more LOL

The company alleged in a complaint filed in Manhattan federal court that, through a disastrous trade with Merrill Lynch in 2011, Shkreli cost MSMB more than $7 million, leaving it virtually bankrupt.

Your Hero

Why is he my hero? He was a lefty limp wrist that wanted to pay his employees more.

The reason he's your hero is only yours to know.

He didnt want to pay his employees more, he was stealing for his own greedy reasons. If you call stealing "wanting to pay someone more" then thats even more funny

 

[Iceweasel]

He's a mascot for capitalism? What a retarded thing to say. It takes forever and a day and a LOT of money to grease the rails of government corruption to OK it. That isn't free market capitalism by any stretch.

 

[TheOldSchool]

Pharma CEO Martin Shkreli Arrested on Charges of Securities Fraud

Shkreli, CEO Reviled for Drug Price Gouging, Arrested on Securities Fraud Charges

A boyish drug company entrepreneur, who rocketed to infamy by jacking up the priceof a life-saving pill from $13.50 to $750, was arrested by federal agents at his Manhattan home early Thursday morning on securities fraud related to a firm he founded.

Martin Shkreli, 32, ignited a firestorm over drug prices in September and became a symbol of defiant greed. The federal case against him has nothing to do with pharmaceutical costs, however. Prosecutors in Brooklyn charged him with illegally taking stock from Retrophin Inc., a biotechnology firm he started in 2011, and using it to pay off debts from unrelated business dealings. He was later ousted from the company, where he’d been chief executive officer, and sued by its board.

In the case that closely tracks that suit, federal prosecutors accused Shkreli of engaging in a complicated shell game after his defunct hedge fund, MSMB Capital Management, lost millions. He is alleged to have made secret payoffs and set up sham consulting arrangements. A New York lawyer, Evan Greebel, was also arrested early Thursday. He's accused of conspiring with Shkreli in part of the scheme.



Anywho, this guy is an greedy asshole who now is getting exposed. He was the fucking mascot for Capitalism run a muck and you guys applauded his bullshit. Congrats!


Here is my favorite part: When Hillary Clinton tried one more time last month to get him to cut the cost, he dismissed her with the tweet “lol.” At a Forbes summit in New York this month, wearing a hooded sweatshirt, he said if he could have done it over, “I probably would have raised the price higher,” adding, “my investors expect me to maximize profits.”

He also bought the only copy of the new Wu Tang Clan album for $2 million. He's a fucking child.

 

[TNHarley]

Well, at least he got to pay his employees more LOL

The company alleged in a complaint filed in Manhattan federal court that, through a disastrous trade with Merrill Lynch in 2011, Shkreli cost MSMB more than $7 million, leaving it virtually bankrupt.

Your Hero

Why is he my hero? He was a lefty limp wrist that wanted to pay his employees more.

The reason he's your hero is only yours to know.

He didnt want to pay his employees more, he was stealing for his own greedy reasons. If you call stealing "wanting to pay someone more" then thats even more funny

That's what he said.... Nothing but one big fail, ey?
Why would he be my hero moron? I sure as hell didn't say it. YOU did.

 

[ClosedCaption]

Pharma CEO Martin Shkreli Arrested on Charges of Securities Fraud

Shkreli, CEO Reviled for Drug Price Gouging, Arrested on Securities Fraud Charges

A boyish drug company entrepreneur, who rocketed to infamy by jacking up the priceof a life-saving pill from $13.50 to $750, was arrested by federal agents at his Manhattan home early Thursday morning on securities fraud related to a firm he founded.

Martin Shkreli, 32, ignited a firestorm over drug prices in September and became a symbol of defiant greed. The federal case against him has nothing to do with pharmaceutical costs, however. Prosecutors in Brooklyn charged him with illegally taking stock from Retrophin Inc., a biotechnology firm he started in 2011, and using it to pay off debts from unrelated business dealings. He was later ousted from the company, where he’d been chief executive officer, and sued by its board.

In the case that closely tracks that suit, federal prosecutors accused Shkreli of engaging in a complicated shell game after his defunct hedge fund, MSMB Capital Management, lost millions. He is alleged to have made secret payoffs and set up sham consulting arrangements. A New York lawyer, Evan Greebel, was also arrested early Thursday. He's accused of conspiring with Shkreli in part of the scheme.



Anywho, this guy is an greedy asshole who now is getting exposed. He was the fucking mascot for Capitalism run a muck and you guys applauded his bullshit. Congrats!


Here is my favorite part: When Hillary Clinton tried one more time last month to get him to cut the cost, he dismissed her with the tweet “lol.” At a Forbes summit in New York this month, wearing a hooded sweatshirt, he said if he could have done it over, “I probably would have raised the price higher,” adding, “my investors expect me to maximize profits.”

None of us applauded him.

He's an example of what a free market can produce. However, supply and demand usually controls people like this. Government intervention often creates them in huge numbers. Free government money breeds abuses.

Go start a drug company, spend decades researching and developing medicines, then tell us how you will charge $1.00 per pill.

You are just like the stupid fuckers that decrie oil company profits.

 

[ClosedCaption]

He's a mascot for capitalism? What a retarded thing to say

Youre right

The drug my property.
I have the right to sell it for whatever price I want.

 

[Iceweasel]

He's a mascot for capitalism? What a retarded thing to say

Youre right

Yes I am, they had no competition or US citizens the ability to get alternatives offshore (legally).

 

[DGS49]

While his decision (if it was his decision) to raise the price of the aforementioned "life-saving pill," may seem on the surface to be one of pure greed, the reality - as always - is not that clear. Is this the only drug in the world with the desired capabilities? I doubt it. How many such pills were sold? Undoubtedly the price increase resulted in a dramatic drop in sales, perhaps to near-zero. Profitable?

If the pill is capable of producing "huge profits" then other drug mfgrs will quickly develop comparable pharmaceuticals and his price will drop like the proverbial rock.

But still, he does look like and act like an A-hole

 

[ClosedCaption]

He's a mascot for capitalism? What a retarded thing to say

Youre right

Yes I am, they had no competition or US citizens the ability to get alternatives offshore (legally).

You left off the part where someone defended him after saying no one did. Here I'll post it again and remind you to stop being stupid

The drug my property.
I have the right to sell it for whatever price I want.

Thanks

 

[ClosedCaption]

Well, at least he got to pay his employees more LOL

The company alleged in a complaint filed in Manhattan federal court that, through a disastrous trade with Merrill Lynch in 2011, Shkreli cost MSMB more than $7 million, leaving it virtually bankrupt.

Your Hero

Why is he my hero? He was a lefty limp wrist that wanted to pay his employees more.

The reason he's your hero is only yours to know.

He didnt want to pay his employees more, he was stealing for his own greedy reasons. If you call stealing "wanting to pay someone more" then thats even more funny

That's what he said.... Nothing but one big fail, ey?
Why would he be my hero moron? I sure as hell didn't say it. YOU did.

You keep asking WHY he's your hero stupid...I dont know. You should be saying hes NOT your hero instead of asking me why.

Why is he your hero dummy?

 

[HenryBHough]

If he really did that of which he is accused then he should pay dearly in money and time served.

If this is a fabricated retaliation then the pig is of a different odor.

With the regime now in power can anyone ever be certain?

 

[ClosedCaption]

If he really did that of which he is accused then he should pay dearly in money and time served.

If this is a fabricated retaliation then the pig is of a different odor.

With the regime now in power can anyone ever be certain?

Yes they can captain conspiracy. You just inserted doubt where there was none which seems to be a popular thing on this board.

Or is this a message board at all? If its not then thats troubling

Who can be certain?

 

[TNHarley]

Well, at least he got to pay his employees more LOL

The company alleged in a complaint filed in Manhattan federal court that, through a disastrous trade with Merrill Lynch in 2011, Shkreli cost MSMB more than $7 million, leaving it virtually bankrupt.

Your Hero

Why is he my hero? He was a lefty limp wrist that wanted to pay his employees more.

The reason he's your hero is only yours to know.

He didnt want to pay his employees more, he was stealing for his own greedy reasons. If you call stealing "wanting to pay someone more" then thats even more funny

That's what he said.... Nothing but one big fail, ey?
Why would he be my hero moron? I sure as hell didn't say it. YOU did.

You keep asking WHY he's your hero stupid...I dont know. You should be saying hes NOT your hero instead of asking me why.

Why is he your hero dummy?

 

[Silhouette]

Pharma CEO Martin Shkreli Arrested on Charges of Securities Fraud

Shkreli, CEO Reviled for Drug Price Gouging, Arrested on Securities Fraud Charges

A boyish drug company entrepreneur, who rocketed to infamy by jacking up the priceof a life-saving pill from $13.50 to $750, was arrested by federal agents at his Manhattan home early Thursday morning on securities fraud related to a firm he founded....
...In the case that closely tracks that suit, federal prosecutors accused Shkreli of engaging in a complicated shell game after his defunct hedge fund, MSMB Capital Management, lost millions. He is alleged to have made secret payoffs and set up sham consulting arrangements. A New York lawyer, Evan Greebel, was also arrested early Thursday. He's accused of conspiring with Shkreli in part of the scheme...

Sounds like another LGBT professional take-down for daring to defy their lifestyles.. Yep. That's exactly what it is. I wonder how many niggling improprieties George Soros has engaged in with his financial affairs? We'll find out no doubt when the GOP takes the Whitehouse and rearranges certain staff inserted during this administration..

Granted, the price hike was a bit over the top. But other drugs are being priced astronomically too. Where are those take downs? I suspect if this Shkreli gets some legal help from Merck or Pfizer to be able to price drugs as they like, without having political hits done on their businesses, he'll recover from this just fine. Wonder what he'll do to the price of the HIV meds after that?

 

[Dont Taz Me Bro]

Awwwwwwe too bad, so sad