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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 $750 per pill in September, is being questioned over allegations involving stock from a company he founded in 2011. According to Bloomberg, Shkreli is accused of illegally taking stock from biotechnology Retrophin Inc to pay off debts from unrelated business dealings."
He'll wind up in jail, but I'm not so sure about the other part. The cynic in me thinks the 1% has thrown this little twerp to the wolves as a sacrifice. A troublemaker for the pharma profit machine goes down, the masses are sated, and the rest of the industry keeps chugging along.
I think his criminal misdeeds have more to do with the financial than the pharmaceutical industry.
That said, I'm feeling some nice warm fuzzy schadenfreude about this, after what he did with Daraprim.
If it weren't for deadlines, nothing would be late.
Big pharma, meet big karma.
Fifty years of Yippie! 1968-2018
> That said, I'm feeling some nice warm fuzzy schadenfreude about this, after what he did with Daraprim.
And that's the trap set for you. The system that allows any asshole like this to do the same thing tomorrow is still firmly in place.
Wake me up when patients can import drugs from abroad, without any hassle, to keep miscreants like Shkreli in check with competition. I'll wear my comfy PJ's as it'll be a while, as corporations continue to gouge patients, leaving the working poor without access to medicine while a few get rich.
My God, it's Full of Source!
OUTSIDE_IP=$(dig +short my.ip @outsideip.net)
He was not rounded up because he was gouging poor people for 1000x what they could ever afford to pay for medicine.
He was rounded up because he stole from rich people 1/1000 of what they could afford to lose.
The guy is obviously a sociopath. It shouldn't surprise anyone that he's a crook, on top of being a shameless, heartless profiteer. He practically basks in his pathological condition. Sadly. jail will do nothing for him, like all sociopaths, he lacks even a basic capacity for human decency. He'll get out and immediately try to find new ways to ingratiate himself and fuck other people over.
The world's burning. Moped Jesus spotted on I50. Details at 11.
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
Did you even READ the article? Well of course not, this is slashdot and you are a reactionary moron with a political agenda.
The guy ran a company that went bankrupt. In the process of running this company is falsified return numbers and lied to investors. He then went on to do a full on ponzi scheme where he brought in new investors to pay off previous investors while lying about what he did the entire time. Then he joined a pharmaceutical company (not his current employer) and proceeded to steal money from them to pay off investors from the failed company.
This former employer has sued him in court and laid out in gory details the entire ponzi scheme, his theft and lies to all the people involved and his eventual embezzlement from them. The feds then began an investigation based on the lawsuit. This all started MONTHS before the whole scandal with trying to fuck children and aids patients out of $80K a month.
Everything he did is not one bit different that what Bernie Madoff did. This guy is a complete and total asshole who should be in jail for a VERY long time.
"Regular karma means he's going to reincarnate as a cockroach."
Hey, that's pretty unjust: being a cockroach twice in a row.
"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?
The basic idea behind Romneycare/Obamacare is sound, the implementation of it seems to be painfully flawed. The rest of the modern world solves the major costs of healthcare through taxes and requires the pharmacies to offer the cheapest variant of a specific drug (different manufacturers have to compete) to push down costs.
Healthcare in the US is a sick story.
If builders built buildings the way programmers wrote programs, then the first woodpecker would destroy civilization.
When a guy kills a random person just to point out that the police can't be everywhere at the same time, he's not offering a valuable insight into society to change it, he's just a murderer being cheeky.
This guy went around literally condemning people to death because he was a greedy fuck, he doesn't deserve any sympathy and your argument is bogus.
A rational person who truly wanted to help people when he has a monopoly on fully developed drugs worth $1 a pill, bought from a company who already jacked up the price 10fold just one year earlier out of greed, doesn't jack the price up 700 times to make a point about the state of the industry. A rational person who wants to help sells the pills for $1 a pop, so as to maximize the good they do to individual suffering people.