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Shkreli

Shkreli

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by: MarT Active Indicator LED Icon 9 OP 
~ 8 years ago   Feb 4, '16 9:10am  
He pleads the 5th in front of a congressional committee, was so disrespectful and smug. Did nothing for his image. 4951
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sweetie Active Indicator LED Icon 11 Forum Moderator
~ 8 years ago   Feb 4, '16 9:31am  
He's an ******. His fund has lost a lot of value. It went from $45 million to $4 million. He's a jerk. He's going to end up prison. He thought he was such a genius to raise the price of that life saving drug, but he got a lot of unwanted attention that got him hung. 4951
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Amy Active Indicator LED Icon
~ 8 years ago   Feb 4, '16 2:06pm  
He needs to get hit by a karma bus. 4951
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JerryJustice Active Indicator LED Icon 3
~ 8 years ago   Feb 4, '16 4:09pm  
You all really need to dive into and research more than you hear on the headlines about this guy. This was nothing new what he did in the Pharm. world and its actually not a very common drug people use and hes gone on record stating that if you don't have insurance you can walk into in Pharmacy and fill out a form that will make 60% of the cycle of drugs free. He is really arrogant but after digging in and doing some research there are far worse out there and he is not entirely to blame. 4951
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sweetie Active Indicator LED Icon 11 Forum Moderator
~ 8 years ago   Feb 4, '16 5:55pm  
You all really need to dive into and research more than you hear on the headlines about this guy. This was nothing new what he did in the Pharm. world and its actually not a very common drug people use and hes gone on record stating that if you don't have insurance you can walk into in Pharmacy and fill out a form that will make 60% of the cycle of drugs free. He is really arrogant but after digging in and doing some research there are far worse out there and he is not entirely to blame.
 
@JerryJustice:
 
He's such a smart***. I saw him go before congress. He was smiling when told because of what he did people that need the drug to live can't afford it. He invoked the fifth but laughed, smiled and rolled his eyes. Then afterward he tweeted that he couldn't "believe these imbeciles run this government". He's such a little jerk.
Hope they hang his a$&. They will be determined now to put him in prison. 4951
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Maisey1 Active Indicator LED Icon 9
~ 8 years ago   Feb 4, '16 6:03pm  

- - - - - - - -
>> You all really need to dive into and research more than you hear on the headlines about this guy. This was nothing new what he did in the Pharm. world and its actually not a very common drug people use and hes gone on record stating that if you don't have insurance you can walk into in Pharmacy and fill out a form that will make 60% of the cycle of drugs free. He is really arrogant but after digging in and doing some research there are far worse out there and he is not entirely to blame.
 
@JerryJustice:
 
He's such a smart***. I saw him go before congress. He was smiling when told because of what he did people that need the drug to live can't afford it. He invoked the fifth but laughed, smiled and rolled his eyes. Then afterward he tweeted that he couldn't "believe these imbeciles run this government". He's such a little jerk.
Hope they hang his a$&. They will be determined now to put him in prison.
 
@sweetie: I think his attitude is a big part of the problem. He can justify his actions all he wants but when he sits there with a big smirk on his face like no one can touch him it just makes him more hated. 
4951
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beastmode Active Indicator LED Icon 12
~ 8 years ago   Feb 4, '16 6:08pm  
I don't think he did anything illegal, don't like the guy and he is an ah but legally, no. Nothing will come of it once all the facts are laid out. If someone wants to charge a certain price for something that is their right. If you don't like it don't pay it. Eventually someone with a more affordable solution will step forward. It's how free enterprise works. The drugs were also not that expensive and something like 60% of it was given away for free from my understanding. 4951
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Maisey1 Active Indicator LED Icon 9
~ 8 years ago   Feb 4, '16 6:13pm  
I don't think he did anything illegal, don't like the guy and he is an ah but legally, no. Nothing will come of it once all the facts are laid out. If someone wants to charge a certain price for something that is their right. If you don't like it don't pay it. Eventually someone with a more affordable solution will step forward. 
 
@beastmode: I don't think his arrest was actually tied to the drug pricing thing. I think it had more to do with some sort of ponzi type scheme he was doing while running his company. Him being an *** just adds fuel to the fire...
4951
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beastmode Active Indicator LED Icon 12
~ 8 years ago   Feb 4, '16 6:18pm  
I don't know all the facts but from what I understand a Ponzi scheme involves people losing money. That never happened. Nobody lost any money, it was all legit. Again, not an expert on this case but I do believe he is just an ah that is innocent. 4951
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sweetie Active Indicator LED Icon 11 Forum Moderator
~ 8 years ago   Feb 4, '16 6:30pm  
He was arrested for SEC charges. He ran his first hedge fund into the ground with bad investments. Then he started another one promising big returns but couldn't deliver. So he bought the drug company with money he siphoned from hedge fund. SEC says what he did was illegal and ponzu like. Guess Madoff was his inspiration. 4951
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RogueHippEE Active Indicator LED Icon 8
~ 8 years ago   Feb 4, '16 6:32pm  
Article about what he was arrested for:http://www.bloomberg.com/features/2015-martin-shkreli-securities-fraud/ 4951
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Maisey1 Active Indicator LED Icon 9
~ 8 years ago   Feb 4, '16 6:32pm  
I don't know all the facts but from what I understand a Ponzi scheme involves people losing money. That never happened. Nobody lost any money, it was all legit. Again, not an expert on this case but I do believe he is just an ah that is innocent.
 
@beastmode:
 
What he was arrested for is completely separate from his drug price hike. He was a hedge fund manager, started losing money, then started his own company and borrowed against it to make pay backs. He used his investors to pay back his bad debts while creating more bad debt, or something like that. That's what might bring him down, not raising the price of his drugs. 4951
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beastmode Active Indicator LED Icon 12
~ 8 years ago   Feb 4, '16 7:38pm  
Well that is my point then, if this is the case it's not about the drug hike at all. The media however portrayed this as the issue from day one. 4951
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Odin Active Indicator LED Icon 10
~ 8 years ago   Feb 4, '16 7:48pm  
He invoked the fifth but laughed, smiled and rolled his eyes. Then afterward he tweeted that he couldn't "believe these imbeciles run this government". He's such a little jerk.
 
@sweetie: narcissistic personality disorder or outright psychopath.  They can't help themselves as they lack self control. 4951
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sweetie Active Indicator LED Icon 11 Forum Moderator
~ 8 years ago   Feb 4, '16 8:10pm  
Odin that's so true! Also a jack***. 4951
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JerryJustice Active Indicator LED Icon 3
~ 8 years ago   Feb 9, '16 10:32am  

- - - - - - - -
>> You all really need to dive into and research more than you hear on the headlines about this guy. This was nothing new what he did in the Pharm. world and its actually not a very common drug people use and hes gone on record stating that if you don't have insurance you can walk into in Pharmacy and fill out a form that will make 60% of the cycle of drugs free. He is really arrogant but after digging in and doing some research there are far worse out there and he is not entirely to blame.
 
@JerryJustice:
 
He's such a smart***. I saw him go before congress. He was smiling when told because of what he did people that need the drug to live can't afford it. He invoked the fifth but laughed, smiled and rolled his eyes. Then afterward he tweeted that he couldn't "believe these imbeciles run this government". He's such a little jerk.
Hope they hang his a$&. They will be determined now to put him in prison.
 
@sweetie: Because AGAIN he knows that whatever the are accusing him of is absolute BS. Read up on the situation instead of getting all of your information from the news who are no better than E!
4951
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