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"Most Hated Man In America" Martin Shkreli Arrested On Suspicion of Fraud (ibtimes.co.uk)
Ewan Palmer writes that everyone's least favorite medication price gouger, Martin Shkreli, has run into some legal problems. According to the article "Pharmaceutical start-up owner Martin Shkreli, dubbed the most hated man in the US over his controversial plans to significantly raise the price of life-saving drugs, has been arrested on suspicion of fraud. Shkreli, 32, who received widespread criticism for hiking up the price of Daraprim from $13 to $750 per pill in September, is being questioned over allegations involving stock from a company he founded in 2011. According to Bloomberg, Shkreli is accused of illegally taking stock from biotechnology Retrophin Inc to pay off debts from unrelated business dealings."
He'll wind up in jail, but I'm not so sure about the other part. The cynic in me thinks the 1% has thrown this little twerp to the wolves as a sacrifice. A troublemaker for the pharma profit machine goes down, the masses are sated, and the rest of the industry keeps chugging along.
> That said, I'm feeling some nice warm fuzzy schadenfreude about this, after what he did with Daraprim.
And that's the trap set for you. The system that allows any asshole like this to do the same thing tomorrow is still firmly in place.
Wake me up when patients can import drugs from abroad, without any hassle, to keep miscreants like Shkreli in check with competition. I'll wear my comfy PJ's as it'll be a while, as corporations continue to gouge patients, leaving the working poor without access to medicine while a few get rich.
My God, it's Full of Source!
OUTSIDE_IP=$(dig +short my.ip @outsideip.net)
its sort of weird how people condone male rape in jail as just a part of the process but if this was a women going to jail no one would be cheering or begging for her to get raped....
Sorry, I just get tired of seeing people make remarks like the one posted....and yes, this dude should totally get thrown into the worst jail we can send him. Although its not like he's much different from the rest of the scumbag pharma companies out there....
after what he did with Daraprim.
Bring the nation's attention upon a thoroughly broken system that has been quietly abused for years? (see: people getting their medicine from Canada, guess why)
Don't waste your vote! Vote for whoever you want, unless you live in a swing state it won't matter anyways
"If Obamacare has to pay by law, every drug company should raise their prices 10x. It's free money. They would be stupid not to."
Hummm... it makes sense. If only we could test it real world before putting it in practice in USA...
Hey, wait a second! Now that I think of it, there *are* other countries, a vast majority in fact, that already have socialized healthcare in place. Surely they'll demonstrate your thesis!
Now, wait *another* second: how is it that all those other countries get better prices from big pharma than USA? It can't be coz you are wrong, can it?