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Slimy Ratfink May Get Comeuppance

Started by Recusant, December 18, 2015, 12:27:42 AM

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Recusant

You may have heard about this smug arsehole Martin Shkreli a few months ago. He bought the rights to a drug used to treat toxoplasmosis and decided that a great way to get a return on his investment would be to change the price per dose from $13.50 to $750.

[youtube width=750]https://www.youtube.com/watch?v=L-U1MMa0SHw[/youtube]

Shkreli backed down on this a while later after wide-spread negative reactions to his move. If you watched him on TV or online back then (or in the video above), you may have got a certain impression of him. I certainly did, as reflected in the title I gave to this thread.

It may be that his character has been revealed in more detail, given his most recent appearance in the headlines:

"Shkreli, CEO Reviled for Drug Price Gouging, Arrested on Securities Fraud Charges" | Bloomberg Business

QuoteMartin Shkreli, the boyish drug company entrepreneur, who rocketed to infamy by jacking up the price of a life-saving pill from $13.50 to $750, was arrested by federal agents at his Manhattan apartment early Thursday morning and charged with securities fraud. After pleading not guilty in Brooklyn federal court he was freed on a $5 million bond.

Shkreli, 32, ignited a firestorm over drug prices in September and became a symbol of defiant greed. The federal case against him has nothing to do with pharmaceutical costs but suggests he was running a Madoff-style Ponzi scheme on a much smaller scale. Prosecutors in Brooklyn charged him with illegally taking assets from Retrophin Inc., a biotechnology firm he started in 2011, and using it to pay debts from unrelated business dealings. He was later ousted from the company, where he'd been chief executive officer, and sued by its board.

Federal prosecutors accuse Shkreli of engaging in a complicated shell game after a hedge fund he started lost millions. He is alleged to have made secret payoffs and set up sham consulting arrangements. A New York lawyer, Evan Greebel, also arrested early Thursday, is accused of conspiring with him. He too pleaded not guilty and was freed on a $1 million bond.

[Continues . . .]
"Religion is fundamentally opposed to everything I hold in veneration — courage, clear thinking, honesty, fairness, and above all, love of the truth."
— H. L. Mencken


joeactor


No one

Perhaps Bubba will rent out shkreli for exorbitant amounts to make great returns on his investment.

Pasta Chick

I've heard several people suggest his lawyer raise his fees from $1200/hr to $60,000/hr, in light of these events.

I wouldn't wish disease on anyone, but if he were to contract HIV in prison and then end up unable to afford his own drug because his assets are frozen, I would be seriously impressed by perfection of such irony.

Tank

Another company dropped their drug to $1 a pill so he wasn't going to make any money anyway  ;D
If religions were TV channels atheism is turning the TV off.
"Religion is a culture of faith; science is a culture of doubt." ― Richard P. Feynman
'It is said that your life flashes before your eyes just before you die. That is true, it's called Life.' - Terry Pratchett
Remember, your inability to grasp science is not a valid argument against it.

OldGit


Icarus

  A polite  epithet like Slimy Ratfink is putting it mildly.  Let us hope that he'll be put in the slammer where he will become someone's or several someone's unwilling bitch.

Yes, I know that it is not nice to wish someone bad fortune.  That is a vile person so I am claiming divine forgiveness..