Shkreli verdict: Guilty on three of eight counts of securities and wire fraud
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Now the only question left to answer (other than the sentencing) is which actor will play him in the inevitable HBO movie.
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Couldn't have happened to a more deserving fellow. Now let's hope that he doesn't serve his sentence in a white-collar rich kid "prison".
...Just kidding, he totally will, based on sentencing guidelines. And that's terrible.
...Just kidding, he totally will, based on sentencing guidelines. And that's terrible.
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Yeah, is it 20 years on the 3 that he was found guilty of or also the 5 that he wasn't? 20 Years gets bandied about a lot with this case.
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At least I can take a breath now. Still 5 counts fewer than I feel he should have been found guilty on (I am not the jury though).
Now let's hope the judge throws the book at him. Has the bailiff return the book and then throws it at him again. THEN sentences him to the maximum.
Now let's hope the judge throws the book at him. Has the bailiff return the book and then throws it at him again. THEN sentences him to the maximum.
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Hopefully the judge does not allow him to be free pending appeal.
If so, then hopefully until he is out of prison.
Even more hopefully that'll be in 20-30 years.
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Onlyl the regular folk pay retail for jail cells; rich folks get "friend" prices.
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Satisfying though this certainly is, it's worth remembering that the thing he's most detested for, spiking drug prices, isn't what he's going to jail for. And that's a shame.
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I wish there was more focus on this part not having anything to do with why his in legal trouble, that part was totally legal.
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A quick look over NY's judicial practices suggests to me that there must be a reasonably strong chance of overturning the verdict on appeal for this to be allowed. I don't think Shkreli really has much of a leg to stand on there.
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This is not a question. Clearly Josh Brener. (Every time I see a picture of Shkreli I'm like "Big Head?")
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Raising the price of a life saving drug needed by desperate people: Legal.
Defrauding some stocks, so other rich people get stiffed: 20 years.
Defrauding some stocks, so other rich people get stiffed: 20 years.
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Money.Grubbing.Shills":2rb4pgqd said:
Doesn't that mean that by definition he should have realized and comprehended that what he was doing was pretty illegal?
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Does it matter though? Capone went to prison for tax fraud, not murder.
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Statistical
Ars Legatus Legionis
With a punchable face like that prison should be a lot of fun. God help him if a fellow inmate has a family member who died from AIDS.
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should have been guilty on all but i'll take 3 of 8 since that means hes out of the population for years.
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Trump will pardon this bag of shit so that he will be free to head up the FDA. He'll fit in perfectly.
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Statistical
Ars Legatus Legionis
He broke the first rule of wall street: don't fuck with rich people's money. The poors? Yeah you can swindle, abuse, and cheat the shit out of them.
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I'm pretty sure this guy will have a relatively painless prison stay. He seems like the type of dude other prisoners would find amusing, on top of him going to white collar land.
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Statistical
Ars Legatus Legionis
Every transgression no but every transgression doesn't makes the headlines. If he was caught with $10 of weed in a traffic stop I would say let him walk, if he wrote a couple fraudulent checks I would say give him 3 months. That isn't what he did though.
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Take some solace in knowing that it was those actions, and his subsequent behavior, that shined a spotlight on his past actions that made this trial possible.
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You seem to forget, this is the American Justice System, the saying "lock em up, and throw away the key" IS the default action of said system.
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Yes, I agree, "lock 'em up and throw away the key" really doesn't need to be our default response.
So, now I'm thinking carefully about this case...deliberating with great care...
I'm coming to a conclusion...
OK, I'm ready. After careful deliberation and not defaulting to a knee-jerk reaction, let's lock this maggot up for 20 years and throw away the key.
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While that would be vindictively refreshing, retribution isn't USUALLY part of fraud case sentences.
I'd prefer to see him pay a fine that will bankrupt his great, great, great grandkids just so that there's no chance of him ever doing this again, but chances are he'll have benefited more from doing it, than not doing it, since that's typically how fines go.
And that's all I expect to see - fines.
Prison is usually based on the magnitude of the scheme with respect to fraud, and this one was small potatoes. Legally, he's done nothing else wrong, and I've never heard that he's had other run-ins with the law that might factor into a more harsh sentence.
If he gets prison, it'll probably be for under two years. And it will be at a plush federal institution for white-collar criminals.
A "just" sentence would be to bar him for life from being involved in, hired to do or consulted about any kind of securities or stock trading (meaning he'd lose his other businesses/jobs, too). Sort of like sentencing a cheater at poker from ever gambling in any way ever again.
That won't happen, of course, but one can dream. The "player" would see justice if he was legally barred from being involved in anything that could lead to a repeat of what he did.
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Now if only taking cheap old drugs and making them cost 5,000% more was truly a punishable crime with real jail time.... Let's all talk about Russia and the failed repeal of the ACA while we consumers continue to get shafted raw by Drug companies and they make Billions in profits but cry poor.
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