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

[Wintermute]

Martin Shkreli Arrested on Securities Fraud Charges

Also bought the 1-off Wu Tang Clan double album and said he wouldn't play it unless Taylor Swift came over and sucked his cock.

 

[ThatOneDude]

Also bought the 1-off Wu Tang Clan double album and said he wouldn't play it unless Taylor Swift came over and sucked his cock.

Guys a dick but that's a solid plan

 

[Jesus X]

lol this guy is a real life movie villain.

 

[Jesus X]

shkreli after one day in jail

 

[Lamont Cranston]

Karma will deal with this dork.

 

[pattitude]

Karma will deal with this dork.

Hopefully soon (as in, no fucking endless appeals) and, hopefully, brutally.

 

[Hauler]

GUILTY OF FRAUD

Fuck yeah. Hate this fucker. He did a bullshit hit job on one of my stocks about 5 years ago and cost me about $5000. Fucking asshole. I hope he fucking rots in prison.

Eccentric hedge fund operator Martin Shkreli found guilty of fraud

 

[Leigh]

Found guilty on 3 of 8 charges.


View: https://twitter.com/BenjaminJS/status/893550402020417536

 

[IschKabibble]

He did a bullshit hit job on one of my stocks about 5 years ago and cost me about $5000.

Details?

 

[Hauler]

Details?

Pharma stock - Back then it was Neoprobe (NEOP), it has since transitioned to Navidea (NAVB).

The pharma community paid a lot of attention to his columns back then, and he wrote a bullshit article about one of Neoprobe's products (I believe it was lymphoseek or something like that - a tumor detecting device) and said how it was garbage, and they would never be able to sell it, and (ironically) how Neoprobe was cooking the books. Anyway, the day before he released the article he shorted the stock. All the lemmings in the pharma community followed suit and the stock tanked. I had about 2000 shares back then. I think the stock was worth about $5. It dipped to the mid $2.50's and they started to struggle financially (couldn't get funding). So Neoprobe became Navidia and they haven't really recovered since. I've averaged down since then. I think I own about 5000 shares now and it's worth all of $0.43 a share today.

But it all started with this fucker. The science is good. The company is good. Eventually I'll make mine.

So I guess I haven't really "lost" any money yet as I haven't cashed out. But it still pisses me off. I've been carrying this anchor for a while. Makes my portfolio look like shit.

 

[Leigh]

Pharma stock - Back then it was Neoprobe (NEOP), it has since transitioned to Navidea (NAVB).

The pharma community paid a lot of attention to his columns back then, and he wrote a bullshit article about one of Neoprobe's products (I believe it was lymphoseek or something like that - a tumor detecting device) and said how it was garbage, and they would never be able to sell it, and (ironically) how Neoprobe was cooking the books. Anyway, the day before he released the article he shorted the stock. All the lemmings in the pharma community followed suit and the stock tanked. I had about 2000 shares back then. I think the stock was worth about $5. It dipped to the mid $2.50's and they started to struggle financially (couldn't get funding). So Neoprobe became Navidia and they haven't really recovered since. I've averaged down since then. I think I own about 5000 shares now and it's worth all of $0.43 a share today.

But it all started with this fucker. The science is good. The company is good. Eventually I'll make mine.

So I guess I haven't really "lost" any money yet as I haven't cashed out. But it still pisses me off. I've been carrying this anchor for a while. Makes my portfolio look like shit.

Worth investing in?

 

[Rambo John J]

shkreli after one day in jail

Tuco is off the charts legend

 

[Hauler]

Worth investing in?

Right now it's a turd. Stock doesn't move. Hasn't for a long time.

I'm pot committed at this point so I'm waiting it out.

 

[RaginCajun]

'Pharma Bro' sentenced to 7 years in prison
'Pharma Bro' sentenced to 7 years in prison.

 

[Yossarian]

Fuck that guy in the ass.

 

[sparkuri]

I don't blame this guy personally one bit for price gouging, it's how capitalism works, and morally between him and his creator as far as I'm concerned.
It shouldn't be illegal to raise your prices to get the most you can, that's ridiculous.
I don't like it, but he didn't create 'the system', he just seems to be a scapegoat for the entire crooked system.

It reminds me of Bernie Madoff and the parallels to social security, in that the government absolves itself through scapegoats.
What neither are doing is/has done has been "righteous" .
Frankly I'd like to see everyone on trial, because nearly everyone is guilty of something.

 

[Hauler]

Fuck that guy in the ass.

Hopefully someone is.

 

[Yossarian]

I don't blame this guy personally one bit for price gouging, it's how capitalism works, and morally between him and his creator as far as I'm concerned.
It shouldn't be illegal to raise your prices to get the most you can, that's ridiculous.
I don't like it, but he didn't create 'the system', he just seems to be a scapegoat for the entire crooked system.

It reminds me of Bernie Madoff and the parallels to social security, in that the government absolves itself through scapegoats.
What neither are doing is/has done has been "righteous" .
Frankly I'd like to see everyone on trial, because nearly everyone is guilty of something.

Well, you have the freedom to be a piece of shit in America, doesn't mean you should go do it. I'd still think you'd be a piece of shit.

 

[Ted Williams' head]

Wow how the mighty have fallen. He was doing FB lives laughing at his court case, assuring everyone he wasn't going to do any time and how his lawyers had everything under control, now he's weeping in court after getting 7 years.

 

[Truck Party]

Pharma stock - Back then it was Neoprobe (NEOP), it has since transitioned to Navidea (NAVB).

The pharma community paid a lot of attention to his columns back then, and he wrote a bullshit article about one of Neoprobe's products (I believe it was lymphoseek or something like that - a tumor detecting device) and said how it was garbage, and they would never be able to sell it, and (ironically) how Neoprobe was cooking the books. Anyway, the day before he released the article he shorted the stock. All the lemmings in the pharma community followed suit and the stock tanked. I had about 2000 shares back then. I think the stock was worth about $5. It dipped to the mid $2.50's and they started to struggle financially (couldn't get funding). So Neoprobe became Navidia and they haven't really recovered since. I've averaged down since then. I think I own about 5000 shares now and it's worth all of $0.43 a share today.

But it all started with this fucker. The science is good. The company is good. Eventually I'll make mine.

So I guess I haven't really "lost" any money yet as I haven't cashed out. But it still pisses me off. I've been carrying this anchor for a while. Makes my portfolio look like shit.

I read that as Nvidia the first time through, was about to tell you to check your account again. Shkreli is a POS

 

[Hauler]

I read that as Nvidia the first time through, was about to tell you to check your account again. Shkreli is a POS

Yeah. The similarities between those two stocks have nearly caused me a few heart attacks.

I go from FUCK YEAH! to "Oh no I suck again" in a matter of seconds.

 

[Hauler]

And now it's 6000 shares.

I treat this stock like bad beats on the 1 pm and 4 pm NFL slots. Triple up on SNF!

 

[Leigh]

I don't blame this guy personally one bit for price gouging, it's how capitalism works, and morally between him and his creator as far as I'm concerned.
It shouldn't be illegal to raise your prices to get the most you can, that's ridiculous.
I don't like it, but he didn't create 'the system', he just seems to be a scapegoat for the entire crooked system.

It reminds me of Bernie Madoff and the parallels to social security, in that the government absolves itself through scapegoats.
What neither are doing is/has done has been "righteous" .
Frankly I'd like to see everyone on trial, because nearly everyone is guilty of something.

I'm pretty libertarian but some things should be regulated and maybe medical drugs is one of them.

It always baffles me how some Americans are proud of their "free market" and laugh at "socialist" Europe, yet they have much higher rates of violent crime and people getting into insurmountable healthcare and education debt.

 

[RaginCajun]

I'm pretty libertarian but some things should be regulated and maybe medical drugs is one of them.

It always baffles me how some Americans are proud of their "free market" and laugh at "socialist" Europe, yet they have much higher rates of violent crime and people getting into insurmountable healthcare and education debt.

 

[Truck Party]

I'm pretty libertarian but some things should be regulated and maybe medical drugs is one of them.

It always baffles me how some Americans are proud of their "free market" and laugh at "socialist" Europe, yet they have much higher rates of violent crime and people getting into insurmountable healthcare and education debt.

In certain cases I'd agee, like Shkreli raising a price dramatically on a 62 year old drug. But, the US regulating medical drugs like Europe is the last thing the rest of the world wants. It costs billions to get a new drug to market, what most of the world does is it ignores the costs of research & development, tells the pharmaceutical company that since the physical pill costs 25 cents to manufacture they'll pay 35 cents per pill take it or leave it. Basically, us lucky Americans get to pay the lion's share R & D for any new drugs that makes it to market.