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Sweet, sweet justice

Sweet, sweet justice. Remember this guy? If you don't, he's the guy who raised the price of an AIDS drug from $13.50 to $750. Well, now he just got arrested by

Remember this guy?
If you don't, he's the guy who raised the price of an AIDS drug from $13.50 to $750.
Well, now he just got arrested by the FBI for securites fraud. Karma is a bitch.

ktlp Washington Post p, Line Page
45 nuns 'ltl T
In one case, ; reci allegedly told an had
million in assets- em: at the time the value of the fund' s assets
catlol assuming to the
fraud
...
+1359
Views: 48051
Favorited: 59
Submitted: 12/17/2015
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+864
#66 - helidead (12/18/2015) [+] (8 replies)
stickied by beastkenten
His palms are sweaty,
knees weak, arms are heavy
There's vomit on his sweater already,
martin shkreli
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-165
User avatar #54 - frenzyhero (12/18/2015) [+] (55 replies)
stickied by beastkenten
Aw. I liked this guy.
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+74
User avatar #9 - minish (12/17/2015) [-]
WAAAAIIIITTTTT up, isn't this the guy who bought that rare album so nobody else could hear it?
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+7
User avatar #138 to #9 - machiavellianhumor (12/18/2015) [-]
WU TANG!!!
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+15
User avatar #12 to #9 - azbo (12/17/2015) [-]
he didn't buy it so no one could hear it, part of the agreement was that the buyer wasn't allowed to release it, he just bought it cause he "had" money to spend
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+9
#25 to #12 - anon (12/17/2015) [-]
pretty sure that the albums conditions only specified that it couldn't be sold. Still able to distribute it for free or play it at parties/etc
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+8
#173 to #9 - thrifty (12/18/2015) [-]
/Micropenis/funny-pictures/5766228/116#116

Kinda called it.

To be fair I thought he'd get arrested for being a neo-nazi or something more sensational than fraud, but goddamn is some powerful jew magic at work here...
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+106
User avatar #11 to #9 - Tusura (12/17/2015) [-]
Seems like the perfect time for Bill Murray to go get it back. Since the guy is in jail and all.
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+3
User avatar #139 to #11 - machiavellianhumor (12/18/2015) [-]
he's out on bail
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+1
User avatar #65 to #11 - brobathehutt (12/18/2015) [-]
I was just thinking that.
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+410
#40 - vorarephilia (12/17/2015) [-]
>Goes to prison
>gets a cell with Bubba the Butt Blaster
>gets HIV
>requests treatment.
>every pill would cost him hundreds.

Prison warden's FW
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+1
#214 to #40 - veryfahnyjokes (12/18/2015) [-]
This
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+2
User avatar #253 to #40 - masterboll (12/18/2015) [-]
>Bubba the Butt Blaster
kek. im stealing that one.
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+28
#130 to #40 - anon (12/18/2015) [-]
The drug is for toxoplasmosis, not HIV. The misunderstanding comes because it is a disease that only affects immunocompromised people, such as those with AIDS, fetuses, transplant recipients, etc.
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+53
#48 to #40 - wax (12/18/2015) [-]
hfw he still has millions
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+83
#61 to #48 - vorarephilia (12/18/2015) [-]
GIF
"good, you'll need to pay back those you scammed. the auction will take place this weekend."
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+9
User avatar #149 to #48 - thebballin (12/18/2015) [-]
He looks like the little bro from lizzie Mcguire.
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+5
User avatar #155 to #149 - Kanuk (12/18/2015) [-]
Holy **** , thank you. I couldn't figure out who he looked like for ******* months!!
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+3
#202 to #48 - anon (12/18/2015) [-]
hfw he only needs $700
hfw he only needs $700
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+2
User avatar #166 to #48 - europe (12/18/2015) [-]
Not for long
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+64
User avatar #3 - afaik (12/17/2015) [-]
Security fraud? What exactly did he do?
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-3
#254 to #3 - anon (12/18/2015) [-]
He pissed off the government by making a lot of money adjusting the prices of drugs that should be readily available to those that need them, so the government arrested him and will subsequently sieze his assets before turning around and continuing to sell those same drugs for inflated prices at their own profit.
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+3
User avatar #67 to #3 - Voxker (12/18/2015) [-]
he used company money to pay depts, put people on payroll that didnt work for the company etc
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+4
User avatar #136 to #3 - machiavellianhumor (12/18/2015) [-]
from what i heard he created like a ponzi scheme or a pyramid scheme. where he got donations from some to pay off others or something like that.
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+5
#171 to #3 - anon (12/18/2015) [-]
he falsified earnings info and such in a way that mislead investors into giving him way more money than needed.
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+6
User avatar #4 to #3 - pappanoodles (12/17/2015) [-]
i dont get it and would like to know as well
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+47
User avatar #97 to #4 - menqudoneix (12/18/2015) [-]
A security is the stock of a company, which is valued based on the assets of the company. He lied about the value of the assets his company had which means that the securities of his company were not worth nearly what he claimed they were. That's fraud because you're warping the projected value of the company that investors use to make decisions.
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+3
#124 to #97 - biater (12/18/2015) [-]
succinct
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+7
User avatar #70 to #3 - lazorman (12/18/2015) [-]
the charges are that he ran his two hedge funds basically like Ponzi schemes
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+9
User avatar #107 to #3 - HARTATTACK (12/18/2015) [-]
He released the Wu-Tang album.
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0
User avatar #196 to #107 - misterhudd (12/18/2015) [-]
Got a link?
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+129
User avatar #5 to #3 - beastkenten [OP] ONLINE (12/17/2015) [-]
>>#4, Securities fraud, also known as stock fraud and investment fraud, is a deceptive practice in the stock or commodities markets that induces investors to make purchase or sale decisions on the basis of false information, frequently resulting in losses, in violation of securities laws.
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+14
User avatar #30 to #5 - mrpotatofudge (12/17/2015) [-]
kinda like in wolf of wallstreet mayhaps?
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+16
User avatar #32 to #30 - beastkenten [OP] ONLINE (12/17/2015) [-]
I was JUST thinking that. Yes, kinda like the wolf of wall street.
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+33
User avatar #37 to #32 - mrpotatofudge (12/17/2015) [-]
So this guy is a cure douching stealy mc meany pants who isnt as sexy as Leonardo DiCaprio
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+1
User avatar #39 to #32 - potatorgue (12/17/2015) [-]
thats what happened with enron a few years back, right?
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+3
User avatar #57 to #39 - chickenmcgurk (12/18/2015) [-]
Sort of. It's on a much larger scale what Enron did. Take out the million and put in a billion for the article. That's closer to what Enron did. Plus ruining several lives of investors and almost all of their employees who chose to max out their 401K deposit match from the company.
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+3
User avatar #71 to #30 - lazorman (12/18/2015) [-]
Belfort ran "pump and dump" scams, where securities you hold are aggressively marketed to artificially inflate prices before you "dump" them and cause it to crash
Shkreli is accused of something more along the lines of a ponzi scheme, where new investor capital is used to pay off older debts
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+2
User avatar #17 to #5 - pappanoodles (12/17/2015) [-]
thanks
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+1
#81 to #5 - CommonJoo (12/18/2015) [-]
how did auditors not catch this though?
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+1
User avatar #7 to #5 - afaik (12/17/2015) [-]
So he lied about **** he was selling?
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+6
User avatar #13 to #7 - ledd (12/17/2015) [-]
He lied about value of (one of) his business(es) to get investors. That's illegal because if it wasn't, investors could lose money on people claiming they have a lot while they have nothing(and therefore can possibly earn nothing, bringing losses)
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0
User avatar #14 to #13 - afaik (12/17/2015) [-]
Gocha. Well, he took a risk and got ****** over. Sucks to be him I suppose.
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+20
User avatar #15 to #14 - iwillrulenorway ONLINE (12/17/2015) [-]
he didn't take a risk and got ****** over.

he ****** someone over and got caught.
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+3
User avatar #19 to #15 - afaik (12/17/2015) [-]
Well, whether or not you get caught doing something still pertains to how you reduce your risk of getting caught. He clearly didn't take all the right measures to not get caught in his act, and that's exactly what happened.

Then again, I should probably have worded it in a way that condemned his actions. Well, balls to me.
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0
User avatar #20 to #19 - iwillrulenorway ONLINE (12/17/2015) [-]
not trying to be an asshole or anything.

sorry, I can be a bit of a peeve sometimes.
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0
User avatar #21 to #20 - afaik (12/17/2015) [-]
No biggie. So can I. I'm just a bit annoyed by the whole deal about this guy. "He did something he was allowed to do! We should shank the ****** because it's highly inconvenient!", so I try to speak from a point of view indifferent to his actions as well as morals. Not that I'm absolutely non-biased, but at least I try.
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0
User avatar #22 to #21 - iwillrulenorway ONLINE (12/17/2015) [-]
I mean yeah, from a legal standpoint it's fine. which is probably why he didn't go to jail before.

from a moral standpoint however it's pretty nonredeemable.
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+2
User avatar #24 to #22 - afaik (12/17/2015) [-]
The moral standpoint exists to decide what actions we ought to take to me more accepted into our society. If he values one thing over another, he will choose that thing over the other. He didn't care for how much others would like him for the act, and he disregarded that factor and acted accordingly. Doesn't change the fact that it was detrimental from a financial standpoint. Same goes for the fraud act.
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0
#132 to #5 - skebaba ONLINE (12/18/2015) [-]
So it wouldn't had been a fraud, if the investor hadn't lost, then? It'd still have to be a fraud, since he lied, no matter the outcome.
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0
User avatar #129 to #5 - buttinspecter (12/18/2015) [-]
Trading Places.
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+66
#42 - hasinvadedyou (12/17/2015) [-]
I think he pissed off a bunch of big pharma people when he raised the cost of the drug to an absorbent amount because it showed the cost of the drugs dont have to reflect the cost of making it. He may have done it just to be a butt, but it showed theres no system in place to regulate people from doing this in "small doses", pun intended so that no body notices. I understand its a business and they need to make a profit, i am not arguing that. However, this cant be the only drug that is over priced due to greed even if its a few $ more than it should be.
I think he pissed off a bunch of big pharma people when he raised the cost of the drug to an absorbent amount because it showed the cost of the drugs dont have to reflect the cost of making it. He may have done it just to be a butt, but it showed theres no system in place to regulate people from doing this in "small doses", pun intended so that no body notices. I understand its a business and they need to make a profit, i am not arguing that. However, this cant be the only drug that is over priced due to greed even if its a few $ more than it should be.
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0
User avatar #140 to #42 - machiavellianhumor (12/18/2015) [-]
one side - he increased the price from like $7.50 to $750 per pill so it could go to research

other side - he did it to keep his shareholders happy
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0
User avatar #154 to #140 - vorarephilia (12/18/2015) [-]
the shareholders he was scamming, ironically.
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0
User avatar #157 to #154 - machiavellianhumor (12/18/2015) [-]
his current arrest actually has nothing to do with his current medical company. it has to do with other things he was involved with before. although that's not to say it's not tied to his current medical company in some way
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0
#159 to #157 - vorarephilia (12/18/2015) [-]
GIF
oh. well, that clears that up.
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-1
User avatar #161 to #159 - machiavellianhumor (12/18/2015) [-]
yep. also tell admin to revamp the boards on here. maybe let threads get bumped or be allowed to have scripts written in. or polls. or a way to lightly draw on pictures posted with the movement of a mouse
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#143 to #42 - YllekNayr has deleted their comment [-]
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0
User avatar #144 to #143 - hasinvadedyou (12/18/2015) [-]
yeah i already corrected myself earlier
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0
User avatar #145 to #144 - YllekNayr (12/18/2015) [-]
ah I see
well disregard me then
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0
#186 to #42 - hongkonglongdong (12/18/2015) [-]
You're trying to argue against the whole business of selling commodities for more than you got them for, mang.
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0
User avatar #190 to #186 - hasinvadedyou (12/18/2015) [-]
you arent understanding i said i understand theres a room for profit that needs to be maintained. However, whos to say where they margin of profit should end and excessive greed begins? obviously theres nothing in place to stop someone from marking up medicine by 5000% except media coverage which turns to pressure to lower it. But what about the companies who nickle and dime over where they "should" stop just because 'who is going to stop them?'. The whole healthcare system, atleast in america, is bloated and priced hundreds of times more than it should be in some cases just because they expect everyone to have insurance. But then even if you have insurance if you have the wrong kind of insurance you can still end up paying retarded amounts because they price it for more premium insurance companies. I think it was Time magazine who did a story a few years ago that uncovered hospital to hospital is pretty much priced based on factors like how expensive their machines were along with other factors, not limited to "because i feel like it". Which is the same thing big pharma is able to do. Someone posted a video in this thread about how they can take steps to monopolize medicine for months or years thanks to FDA regulations. Its all pretty ****** atm.
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-7
#90 to #42 - anon (12/18/2015) [-]
'' a few dollars ''
It got % 5000 increased. Its ******* AIDS.
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+10
#93 to #90 - anon (12/18/2015) [-]
Its ok, you dont have reading comprehension. No one said he increased it by a few dollars the last sentence is referring to what other drugs may possibly be higher in cost even if its just a few dollars more. Hinting at the drugs that we dont know are over priced because they arent increased by 5000%, maybe just 25% or 200% more than they should be.
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0
User avatar #142 to #93 - imdan (12/18/2015) [-]
You could be a same fag, but for the sake of this anon's argument, he makes a good point.
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-1
User avatar #252 to #142 - Deavas (12/18/2015) [-]
The fact that you don't know how to check means you are undoubtedly a newfag
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0
#268 to #252 - anon (12/18/2015) [-]
Hans solo dies ;-;
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0
User avatar #269 to #268 - Deavas (12/19/2015) [-]
Jokes on you I already knew that
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0
#271 to #269 - anon (12/19/2015) [-]
Oh vey have you seen the movie goyim
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+4
User avatar #64 to #42 - mikepetru (12/18/2015) [-]
Reality Check: FDA and Greed To Blame For Rising Drug Prices, Not Capitalism A short vid explaining why the dude was able to do what he did with little consequence
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0
#187 to #64 - hongkonglongdong (12/18/2015) [-]
>fda and greed
>not capitalism
Uh, okay, sure, but that kind of argument goes for anything. I mean, the holocaust wasn't (and I'm not being sarcastic here) down to Nazism or nationalism or fascism; it was down to the Nazi high command and hatred. Likewise, the Holodomor wasn't down to Communism; it was down to Stalin and cold paranoia.

And if you look at that, you'll notice that it was all down to human emotion. And human emotion is not exactly something you can just change.
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+8
User avatar #58 to #42 - armwulf (12/18/2015) [-]
The united states is one of few countries that makes pharmaceutical imports illegal specifically so they can overprice the **** out of them.
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+3
User avatar #72 to #58 - satansferret (12/18/2015) [-]
Markup on drugs are generally 10x or more.
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0
User avatar #206 to #58 - tsoper (12/18/2015) [-]
Are you not allowed to buy drugs online across the globe?
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+10
#91 to #42 - nanako ONLINE (12/18/2015) [-]
>absorbent amount
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+1
User avatar #94 to #91 - hasinvadedyou (12/18/2015) [-]
exorbitant*
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+34
#2 - evilhomer ONLINE (12/17/2015) [-]
Officer Karma serving justice
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+11
#123 - blahhhh (12/18/2015) [-]
Even better was the attorney's response. He changed his prices from $1200/Hr to 60K/Hr.
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+1
#209 to #123 - ewood (12/18/2015) [-]
Karma's a bitch
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+2
User avatar #125 to #123 - miia ONLINE (12/18/2015) [-]
true or joke?

pls true
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+5
User avatar #127 to #126 - miia ONLINE (12/18/2015) [-]
My keks have reached the technological singularity and trancscended into a form beyond our comprehension.

All 40 of them.
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+2
User avatar #153 to #127 - Zaxplab (12/18/2015) [-]
You have 40 keks? How did you get so many?
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+2
User avatar #158 to #153 - miia ONLINE (12/18/2015) [-]
Big Kek Tonic
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0
#191 to #153 - smug ONLINE (12/18/2015) [-]
By posting this image
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+2
User avatar #180 to #126 - zombieloan (12/18/2015) [-]
*hears his lawyer hiked the price identical to his*

"This is outrageous and inhumane price gouging!"
"This is the action of a sociopath!"


Guys i think he's become self aware
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0
User avatar #198 to #180 - trollzoll (12/18/2015) [-]
More like pot meets kettle.
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+22
#34 - funnyhard (12/17/2015) [-]
What a **** face.
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+3
User avatar #50 to #34 - ubercookieboy ONLINE (12/18/2015) [-]
In more ways than one when in the prison shower
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0
#270 to #50 - iderpedintofj (12/19/2015) [-]
He'd go to white-collar prison. Most of them give you your own room and bathroom.

He's not getting thrown in with murderers and rapists.
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+10
#184 - ottofan ONLINE (12/18/2015) [-]
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+27
#73 - pariahlol (12/18/2015) [-]
GIF
That ******* got the only copy of the Wu Tang Clan album, we gotta break him out
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+7
User avatar #105 to #73 - crazygoose (12/18/2015) [-]
It's not like he got it on him
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+9
User avatar #141 to #105 - paraxo (12/18/2015) [-]
His ass will be wide enough soon to be able to tho
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+9
User avatar #111 to #73 - thejusticar (12/18/2015) [-]
don't worry man , we already contacted bill murrary and the wu-tang-clan and they are gettin it back.
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+8
#148 - ahoi (12/18/2015) [-]
if he gets thrown to jail, they should charge $750 pr meal. ('...but he needs it to live.., he should have thought about that..')
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+28
#18 - theokkeli (12/17/2015) [-]
GIF
**theokkeli used "*roll picture*"**
**theokkeli rolled image** **** that guy
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+1
#35 to #18 - funnyhard (12/17/2015) [-]
das one fine ass u got there
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+1
#46 to #18 - funpunk (12/18/2015) [-]
Can I **** this girl instead?
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+1
User avatar #59 to #46 - frostbitcanadian (12/18/2015) [-]
sauce?
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0
User avatar #182 to #59 - teratorn (12/18/2015) [-]
Tsf monogatari
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+1
User avatar #56 to #46 - letmetouchyourboob (12/18/2015) [-]
now correct me if im wrong. but isn't that that hentai where a dude gets turned into a chick then has a metric **** tone of sex?
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+3
User avatar #63 to #56 - funpunk (12/18/2015) [-]
Yeah. >>#59 TSF Monogatari.
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+3
User avatar #113 to #18 - sethybob (12/18/2015) [-]
If he's going to jail, then there's a real possibility of that.
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+4
User avatar #27 to #18 - totallytito (12/17/2015) [-]
Yeah he's an ass.
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+10
User avatar #33 - slapchoppin (12/17/2015) [-]
its so he can smuggle that CD into prison and the only way for Wu-Tang Clan or Bill Murray to steal it is to stage an elaborate prison break

he really is a genius
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+5
#110 - infinitereaper (12/18/2015) [-]
Heh.
He does bleed.
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+5
User avatar #52 - psychologyxplain (12/18/2015) [-]
I can't provide any proof so feel free to not believe me, but we're friends with their family (A man I call my Uncle is cousins with him) and we all agree (My pseudo-uncle included) that he's a piece of ****
+3
#247 - anaraledien Comment deleted by beastkenten [-]
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+3
#106 - donfailed ONLINE (12/18/2015) [-]
A friend of mine told me this guy's lawyer hiked his normal rates, to the point where it added another digit, for an extra " **** you".
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+2
User avatar #116 to #106 - sailorstarsun (12/18/2015) [-]
I hope that's true.
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0
User avatar #259 to #116 - yaybacon (12/18/2015) [-]
>>#126, It is.
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+3
User avatar #89 - heretofuckshitup (12/18/2015) [-]
nows the perfect time for wu tang to steal their album back
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+1
User avatar #115 to #89 - brandonsharklow (12/18/2015) [-]
or Bill Murray
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+3
User avatar #68 - ecowolfrb (12/18/2015) [-]
Now is the perfect time for Bill Murray to steal that album.
"I am not the one to **** with"
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+2
#217 - thetiba (12/18/2015) [-]
This guy look like he just heard the sickest burn of his life
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