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Thread: Pharma bro' Shkreli convicted of fraud i

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    Pharma bro' Shkreli convicted of fraud i

    Good this is the scumbag that raised the price of a drug 5,000% overnight

    A U.S. jury convicted Martin Shkreli, the brash former drug company and hedge fund executive, on Friday of defrauding investors in hedge funds he ran years before he gained fame for jacking up the price of a drug. Jurors in U.S. District Court in Brooklyn found Shkreli guilty of two counts of securities fraud and one count of conspiracy. But they acquitted him of five conspiracy counts, including conspiracy to steal from his old drug company, Retrophin Inc (RTRX.O).
    Securities fraud carries a maximum sentence of 20 years in prison, though defendants in such cases rarely receive the maximum sentence.
    Federal prosecutors had accused the 34-year-old New Yorker of lying to investors in the funds and looting Retrophin to pay them back.
    Immediately after the verdict, Shkreli appeared somewhat shaken. But when he emerged from the courthouse later to talk to reporters, he was happy and confident.
    He portrayed the verdict, which came on the fifth day of deliberations after a monthlong trial, as a victory.
    "This was a witch hunt of epic proportions, and maybe they found one or two broomsticks, but at the end of the day, we've been acquitted of the most important charges," he told reporters.
    Acting U.S. Attorney Bridget Rohde, whose office prosecuted the case, praised the jury's decision.
    "Justice was served," she said after the verdict.
    LETS GO BRANDON
    F Joe Biden

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    If there is a hell, Pharma Bro is bound for it.

    It was an AIDS drug too - one which people needed for survival. Went from 13.50 a tab to $750 once he took control.

    There really are no words for the dude.


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    Hope the scumbag gets the maximum sentence and a really "friendly" cellmate.
    People who think a movie about plastic dolls is trying to turn their kids gay or trans are now officially known as

    Barbie Q’s

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    Big pharama are all crooks, the average drug is sold at 35,000% mark up VS cost of production.
    There is no God but Resister and Refugee is his messenger’.

    Book of Democrat Things, Chapter 1:1






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    Quote Originally Posted by resister View Post
    Big pharama are all crooks, the average drug is sold at 35,000% mark up VS cost of production.
    35,000% markup? Holy crap .. we all get that their R&D costs on any given drug are astronomical, but that's ridiculous.

    We need competition. Should be legal for Canada to market the same drugs that they sell at half the price down here .. that would straighten the $#@!s out fairly pronto.

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    Quote Originally Posted by Bo-4 View Post
    35,000% markup? Holy crap .. we all get that their R&D costs on any given drug are astronomical, but that's ridiculous.

    We need competition. Should be legal for Canada to market the same drugs that they sell at half the price down here .. that would straighten the $#@!s out fairly pronto.
    Its criminal is what it is.
    There is no God but Resister and Refugee is his messenger’.

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    Quote Originally Posted by resister View Post
    Big pharama are all crooks, the average drug is sold at 35,000% mark up VS cost of production.
    Citation please.

    By the way, we don't convict people b/c we don't like what they did -- we convict people b/c what they did violates the law.
    Any time you give a man something he doesn't earn, you cheapen him. Our kids earn what they get, and that includes respect. -- Woody Hayes​

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    Quote Originally Posted by DGUtley View Post
    Citation please.
    Sounds a tad high to me as well ;-)

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    Quote Originally Posted by DGUtley View Post
    Citation please.

    By the way, we don't convict people b/c we don't like what they did -- we convict people b/c what they did violates the law.
    Full discloseure, I read it on the internet. I will look for some data, be right back.
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    Quote Originally Posted by Bo-4 View Post
    Sounds a tad high to me as well ;-)
    I don't know what they are but you'd have to factor in everything -- R&D, manu, transportation, marketing, liability risk, etc. to get the true cost IMHO. Again, no idea but 35000% seems high.
    Any time you give a man something he doesn't earn, you cheapen him. Our kids earn what they get, and that includes respect. -- Woody Hayes​

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