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Yes dutchmuch Karma exists! Pharma Bro Martin Shkreli (DARAPRIM) arrested!


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Posted
The pharmaceutical company boss under fire for increasing the price of the drug Daraprim by more than 5,000 percent said Tuesday he will lower the cost of the life-saving medication.

 

Martin Shkreli did not say what the new price would be, but expected a determination to be made over the next few weeks.

 

He told NBC News that the decision to lower the price was a reaction to outrage over the increase in the price of the drug from $13.50 to $750 per pill.

http://media4.s-nbcnews.com/j/newscms/2015_39/1233246/150922-martin-shkreli-jsw-309p_5ecab724533864dd68e5cc0307ffaae7.nbcnews-ux-320-320.jpg

Martin Shkreli, chief investment officer of MSMB Capital Management, sits for a photograph in his office in New York, U.S., on Wednesday, Aug. 10, 2011. MSMB made an unsolicited $378 million takeover bid for Amag Pharmaceuticals Inc. and said it will fire the drugmaker's top management if successful. Paul Taggart / Bloomberg via Getty Images file

 

"Yes it is absolutely a reaction — there were mistakes made with respect to helping people understand why we took this action, I think that it makes sense to lower the price in response to the anger that was felt by people," Shkreli said, 32.

 

Turing Pharmaceuticals of New York bought the drug from Impax Laboratories in August for $55 million and raised the price. Shkreli said Tuesday the price would be lowered to allow the company to break even or make a smaller profit.

 

RELATED: Drug That Fights Potentially Deadly Infection Goes From $13.50 to $750

 

Daraprim fights toxoplasmosis. The infection is particularly dangerous for people who have weakened immune systems, like AIDS patients, as well as for pregnant women, according to the Centers for Disease Control and Prevention.

http://www.nbcnews.com/news/us-news/drug-ceo-will-lower-price-daraprim-after-outrage-n431926

 

http://www.companyofmen.org/threads/one-can-only-hope-karma-eventually-catches-up-with-this-creep.107644/#post-1031866

 

Martin Shkreli, who hiked price of life-saving pill Daraprim, arrested on securities fraud

Man dubbed ‘America’s most hated man’ whom even Donald Trump called a ‘spoiled brat’ is alleged to have made secret payoffs and set up sham consulting arrangements.

 

 

http://www.thestar.com/content/dam/thestar/business/2015/12/17/martin-shkreli-who-hiked-price-of-life-saving-pill-daraprim-arrested-for-securities-fraud/martin-shkreli.jpg.size.xxlarge.letterbox.jpg

RICHARD PERRY / NYT

 

Martin Shkreli, 32, ignited a firestorm over drug prices in September and became a symbol of defiant greed.

 

By: Bloomberg Published on Thu Dec 17 2015

 

A 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 at his Manhattan home early Thursday morning on securities fraud related to a firm he founded.

 

Martin 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, however. Prosecutors charged him with illegally taking stock from Retrophin Inc., a biotechnology firm he started in 2011, and using it pay off debts from unrelated business dealings. He was later ousted from the company, where he’d been chief executive officer, and sued by its board.

 

 

http://www.thestar.com/business/2015/12/17/martin-shkreli-who-hiked-price-of-life-saving-pill-daraprim-arrested-for-securities-fraud.html

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Posted
Let's hope they put Skrelli and Jared Fogel as cell mates. Oy.

 

http://www.advocate.com/sites/advocate.com/files/2015/08/20/subway-guy-x400d.jpg

 

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  • 1 year later...
Posted

'Pharma bro' Martin Shkreli heads into fraud trial

 

NEW YORK (Reuters) - Martin Shkreli, the pharmaceutical entrepreneur vilified as the "pharma bro" for raising the price of a life-saving drug by 5,000 percent, will go on trial on Monday for what U.S. prosecutors called a Ponzi-like scheme at his former hedge fund and a drug company he once ran.

 

Prosecutors have accused Shkreli of lying to investors in the hedge fund and siphoning millions of dollars in assets from biopharmaceutical company Retrophin Inc to repay them. He has pleaded not guilty.

 

The trial, which will be heard by U.S. District Judge Kiyo Matsumoto in Brooklyn, is expected to last four to six weeks.

 

Shkreli, a boyish-looking 34, outraged patients and U.S. lawmakers by raising the price of anti-parisitic drug Daraprim to $750 a pill, from $13.50, in 2015, when he was chief executive of Turing Pharmaceuticals.

 

The charges that led to his arrest in December 2015 are not related to Turing but focus on Shkreli's management at Retrophin and the hedge fund MSMB Capital Management between 2009 and 2012.

https://www.yahoo.com/finance/news/pharma-bro-martin-shkreli-heads-fraud-trial-100819155--sector.html

  • 1 month later...
Posted

http://assets.nydailynews.com/polopoly_fs/1.2455808.1449265932!/img/httpImage/image.jpg_gen/derivatives/article_1200/pill5n-1-web.jpg

 

 

06-kush-02.nocrop.w710.h2147483647.jpg

 

These two turds related?

Posted
http://assets.nydailynews.com/polopoly_fs/1.2455808.1449265932!/img/httpImage/image.jpg_gen/derivatives/article_1200/pill5n-1-web.jpg

 

 

06-kush-02.nocrop.w710.h2147483647.jpg

 

These two turds related?

 

They have a lot in common. Both are going to jail

Posted
http://assets.nydailynews.com/polopoly_fs/1.2455808.1449265932!/img/httpImage/image.jpg_gen/derivatives/article_1200/pill5n-1-web.jpg

 

 

06-kush-02.nocrop.w710.h2147483647.jpg

 

These two turds related?

 

They have a lot in common. Both are going to jail

  • 1 month later...
Posted
http://s.quickmeme.com/img/6d/6dd502755af9e008f7c7963d245fdc7d0e062fdcd211f0faa93f0fe28567411d.jpg

 

104242316-GettyImages-547384180.1910x1000.jpg

 

NEW YORK — A federal judge on Wednesday revoked the $5 million bail of Martin Shkreli, the infamous former hedge fund manager convicted of defrauding investors, after prosecutors complained that his out-of-court antics posed a danger to the community.

 

While awaiting sentencing, Shkreli has harassed women online, prosecutors argued, and even offered his Facebook followers $5,000 to grab a strand of Hillary Clinton’s hair during her book tour. Shkreli, who faces up to 20 years in prison for securities fraud, apologized in writing, saying that he did not expect anyone to take his online comments seriously, and his attorneys pleaded with the judge Wednesday to give him another chance.

 

 

 

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Posted

Convicted swindler Martin Shkreli was decreed a “danger to society” Wednesday and jailed by a federal judge following Facebook posts in which the loudmouth former drug company exec put a bounty out on Hillary Clinton’s hair.

 

Despite a groveling letter from the 34-year-old claiming the social media offering of $5,000 for a strand of the former secretary of state’s hair was an “awkward attempt at humor or satire,” Brooklyn federal court judge Kiyo Matsumoto revoked his $5 million bond and ordered him thrown behind bars.

 

“What’s so funny about that?” the seething judge, so angry she could barely speak, asked defense attorney Ben Brafman as a deflated Shkreli sat beside him, elbows on the defense table.

 

“One ongoing concern of mine is that he has been touted as a brilliant young man, the mind of his generation, yet he lacks the ability to understand what’s appropriate,” Matsumoto said of Shkreli, before deeming him a threat to the community.

 

The creepy Clinton posting, the climax of a series of other Facebook rants in which Shkreli seemed to suggest he intended to clone the failed Democratic presidential candidate, was scrubbed from his account after the Secret Service contacted him.

 

“On HRC’s book tour, try and grab a hair from her,” he wrote on Sept. 4. “I must confirm the sequences I have. Will pay $5,000 per hair obtained from Hillary Clinton.”

 

Judge Matsumoto also cited testimony in which a witness at Shkreli’s Ponzi scheme trial described him as being like the “Pied Piper.” The judge said that caused her to worry what any one of his 70,000 Facebook followers might do after such an inflammatory call to action.

 

Brafman continued to beg Matsumoto to reconsider throwing his client behind bars until his sentencing next year for the Ponzi scheme, saying “Judge, we’ll do anything you ask.”

 

But the jurist wasn’t buying it, and ordered the marshals to take the normally wisecracking so-called Pharma Bro into custody.

 

A suddenly pale Shkreli slipped a piece of paper in his briefcase before glancing at his attorneys. Then he followed the marshals out of the courtroom.

 

It was a far cry from his boasts to The Post in January, “I kind of think it would be exciting, you know, to spend six months or a year in prison.”

 

Prosecutor Jacquelyn Kasulis laughed off the defense’s attempts to change the judge’s mind.

 

“He can’t control Mr. Shkreli, that is very clear,” Kasulis insisted, gesturing to Brafman. “[shkreli’s] demonstrated an escalating pattern of threats against women.

 

“He’s not special, by any stretch of the imagination,” she added. “He’s a convicted felon.”

 

In a Sept. 12 letter to Matsumoto, Shkreli apologized for the Clinton threat, which he called an “awkward attempt at humor or satire,” saying he never intended to “threaten” the former first lady.

 

Shkreli was convicted of defrauding hedge fund investors in early August, and faces up to 20 years behind bars when sentenced.

 

In the hours after jurors returned the mixed verdict, he announced on a Facebook livestream that prison — which he called “Club Fed” — wouldn’t be that bad.

 

“I’ll play basketball and tennis and Xbox,” he mused.

 

Shkreli will now languish in a maximum security federal jail in Brooklyn’s Sunset Park until at least his sentencing on Jan. 18, after which he could be transferred to another facility.

 

“F— the government,” Shkreli wrote on Facebook after prosecutors filed a motion asking the judge to revoke his hefty bond. “I will never kiss their ring or snitch. Come at me with your hardest because I haven’t seen anything impressive yet.”

 

“We are obviously disappointed, and believed the court arrived at the wrong decision, but she’s the judge,” Brafman said as the legal team left court with Shkreli’s distraught-looking father.

 

Shkreli rose to notoriety after purchasing the sole copy of the Wu-tang Clan album “Once Upon a Time in Shaolin” at auction in 2015 for $2 million, deciding he would keep it for only himself to hear before recently deciding to auction it off.

 

Later that year, he earned the moniker of “Most Hated Man in America” for jacking up the price of life-saving drug Daraprim 5,000 percent.

 

Maybe anybody with that name is destined to be a douche:

2017-08-04:

There was finally some action in Brooklyn federal court Friday for a guy named Martin Shkreli.

While the infamous Pharma Bro waits to hear from jurors deliberating his securities fraud case, another man named Martin Shkreli was arraigned on money laundering charges in a sprawling gun-running case.

 

The bizarro-world proceedings even happened in the same room with the same judge who’s handled the Pharma Bro trial for the past month. The jury’s been deliberating on the fraud case since Monday.

 

Prosecutors say the other Martin Shkreli, 59, was one of eight men in an arms-trafficking scheme busted when its ringleaders sold serious weaponry to undercover law enforcement agents – including more than a dozen AK-47s and an anti-tank rocket launcher.

 

Prosecutors say the defendants laundered about $800,000 in drug money.

 

The Shkreli accused of money laundering couldn’t suppress a grin Friday when he stood up to identify himself in court.

 

He wasn’t the only one amused — there were a couple chuckles in the courtroom when it happened.

 

The other Shkreli was sitting behind Pashko Shkreli, the Pharma Bro’s father. His 34-year-old son wasn’t in the courtroom to see his namesake.

 

The other Shkreli pleaded not guilty through his lawyer.

 

The Pharma Bro is represented by attorney Ben Brafman and his firm. So is Dilber Kukic, one of the accomplices charged in the other Shkreli’s case. Brafman appeared for Kukic during Friday’s arraignment.

 

After the proceedings, the other Shkreli said he’s heard of his younger counterpart, but never met the guy.

 

Reporters asked Shkreli, who was released on $200,000 bond, what he thought of the extra attention because of his name. “I don’t need that kind of fame,” he said with grin.

 

His lawyer, Brian Waller, whisked him out of the courtroom before his client could answer more questions.

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Mr. Trump, Is it possible there's somebody

who's a bigger asshole than you?

Posted
I wonder if he is just clueless and so into himself or whether he might have something like Asperger's Syndrome.

 

Gman

 

Yes, one does wonder what's wrong with this guy. Even assholes usually know to tone it down under certain circumstances.

 

Beyond Shkreli, however, I've never understood how our "justice system" works for the wealthy. How can someone who has already been convicted NOT already be incarcerated while they await sentencing unless that sentence is assumed to be less than time already served?

Posted

 

Beyond Shkreli, however, I've never understood how our "justice system" works for the wealthy. How can someone who has already been convicted NOT already be incarcerated while they await sentencing unless that sentence is assumed to be less than time already served?

 

It probably has to do with the crime being a financial one and not robbery/rape/murder plus his propensity for violence to himself or others.

 

And then there is the question of any appeals which might occur before the sentencing.

 

Gman

Posted

Loudmouth “pharma bro” Martin Shkreli talked himself into a much-harsher prison than he was ever likely to face for scamming hedge-fund investors, leading defense lawyers told The Post on Thursday.

 

Brooklyn Judge Kiyo Matsumoto on Wednesday ruled Shkreli was a “danger to society” and revoked his $5 million bond over a Facebook post that offered $5,000 for a lock of Hillary Clinton’s hair.

 

With no prior criminal record, the former drug company CEO’s securities-fraud convictions would have likely landed him in a minimum-security prison camp, sources said.

 

Instead, at least until his January sentencing, he’s cooling his heels in Brooklyn’s Metropolitan Detention Center, a place that looks good only when compared to the “supermax” prison in Florence, Colo., or the Marion, Ill., slammer where mob boss John Gotti served time before he died, a defense lawyer said.

 

“He’s in the worst prison that he’ll ever be in, considering the charges he was convicted of,” the source said. “He really put himself in a bind.”

 

“He’s going to be in total shock,” said Attorney-in-Charge Deirdre von Dornum of the Federal Defendersof New York’s Eastern District office , who visited a client at the MDC on Wednesday.

 

“It’s freezing cold right now. The inmates are wearing hats and are wrapped in towels to keep themselves warm, because [officials] keep the air conditioning up for some reason.”

 

“In the winter, it often gets very hot,” she added.

 

A woman who was waiting to visit her brother inside the MDC on Thursday evening said Shkreli, 34, “didn’t know what he [was] getting into.”

 

“There’s a lot going on behind these walls, I would hope he don’t think it’s a resort,” she said.

 

“There a lot of gangs in here. And after the gang thing, then there’s the color thing….It’s not something small when you in here.”

 

In 2008, Ponzi schemer Raffaello Follieri — an ex-boyfriend of Oscar-winning actress Anne Hathaway — complained that he got sick inside the MDC after being served spoiled food and forced to use “unspeakably unsanitary” bathrooms with “excrement in the showers” and rats “roaming freely in the area.”

 

Five years later, a Brooklyn federal judge blasted the Bureau of Prisons for letting gang member and cop-killer Ronell Wilson intimidate fellow inmates and manipulate staffers — including a correction officer, Nancy Gonzalez, who he knocked up during a “months-long sexual relationship.”

 

The BOP is currently fighting a class-action suit filed in Brooklyn federal court by inmates who claim they were subjected to “conscience-shocking, oppressive, egregious, capricious and dangerous conditions” at the MDC.

 

One affidavit was submitted by crooked Bronx pol Pedro Espada, who claimed laundry dryers “vent directly into the sleeping, eating, and living space,” forcing inmates to breathe in “a mass quantity of particulate matter.”

 

“Mold is omnipresent on ducts, shower areas, ceilings, and walls,” wrote Espada, who’s since been moved to a halfway house.

 

“Instead of correcting these health hazards the BOP and MDC make the conscious decision to paint over the mold. The painting…is usually done prior to inspections and 3rd party visits (such as Regional Office or Judicial visits).”

 

A federal grand jury is also investigating corruption allegations, some tied to pending criminal charges against three MDC supervisors accused of raping and sexually abusing female inmates, according to a source familiar with the matter.

 

The BOP declined to discuss Shkreli’s incarceration, citing security and privacy concerns.

 

But people familiar with the MDC said he was being housed in the “Receiving and Departure Unit,” where he was strip-searched on arrival, clad in khaki prison garb, tested for tuberculosis and questioned about his health and mental state.

 

Following the intake process, Shkreli could be moved into general population, or placed in isolation for his own protection.

 

“There might be someone who would just want to hurt him” because of his cockiness and notoriety, said a defense lawyer who was visiting a client Thursday.

 

The woman who was visiting her brother said Shkreli’s fate was largely in his own hands.

 

“It all depends on how you present yourself here. If you gonna be arrogant, you’re going to be treated a certain way,” she warned.

Posted
Loudmouth “pharma bro” Martin Shkreli talked himself into a much-harsher prison than he was ever likely to face for scamming hedge-fund investors, leading defense lawyers told The Post on Thursday.

 

Brooklyn Judge Kiyo Matsumoto on Wednesday ruled Shkreli was a “danger to society” and revoked his $5 million bond over a Facebook post that offered $5,000 for a lock of Hillary Clinton’s hair.

 

With no prior criminal record, the former drug company CEO’s securities-fraud convictions would have likely landed him in a minimum-security prison camp, sources said.

 

Instead, at least until his January sentencing, he’s cooling his heels in Brooklyn’s Metropolitan Detention Center, a place that looks good only when compared to the “supermax” prison in Florence, Colo., or the Marion, Ill., slammer where mob boss John Gotti served time before he died, a defense lawyer said.

 

“He’s in the worst prison that he’ll ever be in, considering the charges he was convicted of,” the source said. “He really put himself in a bind.”

 

“He’s going to be in total shock,” said Attorney-in-Charge Deirdre von Dornum of the Federal Defendersof New York’s Eastern District office , who visited a client at the MDC on Wednesday.

 

“It’s freezing cold right now. The inmates are wearing hats and are wrapped in towels to keep themselves warm, because [officials] keep the air conditioning up for some reason.”

 

“In the winter, it often gets very hot,” she added.

 

A woman who was waiting to visit her brother inside the MDC on Thursday evening said Shkreli, 34, “didn’t know what he [was] getting into.”

 

“There’s a lot going on behind these walls, I would hope he don’t think it’s a resort,” she said.

 

“There a lot of gangs in here. And after the gang thing, then there’s the color thing….It’s not something small when you in here.”

 

In 2008, Ponzi schemer Raffaello Follieri — an ex-boyfriend of Oscar-winning actress Anne Hathaway — complained that he got sick inside the MDC after being served spoiled food and forced to use “unspeakably unsanitary” bathrooms with “excrement in the showers” and rats “roaming freely in the area.”

 

Five years later, a Brooklyn federal judge blasted the Bureau of Prisons for letting gang member and cop-killer Ronell Wilson intimidate fellow inmates and manipulate staffers — including a correction officer, Nancy Gonzalez, who he knocked up during a “months-long sexual relationship.”

 

The BOP is currently fighting a class-action suit filed in Brooklyn federal court by inmates who claim they were subjected to “conscience-shocking, oppressive, egregious, capricious and dangerous conditions” at the MDC.

 

One affidavit was submitted by crooked Bronx pol Pedro Espada, who claimed laundry dryers “vent directly into the sleeping, eating, and living space,” forcing inmates to breathe in “a mass quantity of particulate matter.”

 

“Mold is omnipresent on ducts, shower areas, ceilings, and walls,” wrote Espada, who’s since been moved to a halfway house.

 

“Instead of correcting these health hazards the BOP and MDC make the conscious decision to paint over the mold. The painting…is usually done prior to inspections and 3rd party visits (such as Regional Office or Judicial visits).”

 

A federal grand jury is also investigating corruption allegations, some tied to pending criminal charges against three MDC supervisors accused of raping and sexually abusing female inmates, according to a source familiar with the matter.

 

The BOP declined to discuss Shkreli’s incarceration, citing security and privacy concerns.

 

But people familiar with the MDC said he was being housed in the “Receiving and Departure Unit,” where he was strip-searched on arrival, clad in khaki prison garb, tested for tuberculosis and questioned about his health and mental state.

 

Following the intake process, Shkreli could be moved into general population, or placed in isolation for his own protection.

 

“There might be someone who would just want to hurt him” because of his cockiness and notoriety, said a defense lawyer who was visiting a client Thursday.

 

The woman who was visiting her brother said Shkreli’s fate was largely in his own hands.

 

“It all depends on how you present yourself here. If you gonna be arrogant, you’re going to be treated a certain way,” she warned.

Poor Martin Shkreli. How simply frightful. How humiliating. How delightful. There is a part of me that feels that way, especially since the cost of my insulin jumped 400 % this year. Still, no one should have to endure prison conditions as poor as those described here. This isn't even a "for profit" prison is it? The idea of a for profit prison is an abomination.

Posted
Yes, one does wonder what's wrong with this guy. Even assholes usually know to tone it down under certain circumstances.

 

Beyond Shkreli, however, I've never understood how our "justice system" works for the wealthy. How can someone who has already been convicted NOT already be incarcerated while they await sentencing unless that sentence is assumed to be less than time already served?

Because sentencing happens at sentencing. To do otherwise obviates the idea of bail and imposes prejudgment because the decision has a bearing on where the sentence is served as well as how long. The facilities where someone is imprisoned after sentencing are not necessarily available prior to sentencing, particularly in the federal system.

 

There's a lot wrong with bail, how it's decided and how enforced, but for a defendant who's out on bail or recognizance, that's why.

Posted
Poor Martin Shkreli. How simply frightful. How humiliating. How delightful. There is a part of me that feels that way, especially since the cost of my insulin jumped 400 % this year. Still, no one should have to endure prison conditions as poor as those described here. This isn't even a "for profit" prison is it? The idea of a for profit prison is an abomination.

 

I obviously don't think a prison should be a 5 star resort. But if these allegations regarding the place are true, it's reprehensible. We take responsibilities for people's lives then we need to treat them humanely.

And I totally agree about for profit prisons.

 

Gman

Posted
I obviously don't think a prison should be a 5 star resort. But if these allegations regarding the place are true, it's reprehensible. We take responsibilities for people's lives then we need to treat them humanely.

And I totally agree about for profit prisons.

 

Gman

 

I'm sure this post will make me come across as a hard ass, but to play devil's advocate:

 

Part of the problem is that the more secure the prison, the more sociopathological the inmate population. How does one keep inmates safe when so many of them have little to no concern about humanity? Keep them all in solitary confinement? Not an acceptable solution for many. Spend even more money -- a lot more money -- on security? It's already expensive to incarcerate people. How much money do we want to spend taking care of sociopaths?

 

So while I agree that the employees at a prison should not be part of the problem, it is a bit hard for me to feel sorry for someone like Shkreli who finds himself locked up and surrounded by other sociopaths. If one doesn't want to live in a "neighborhood" like that, then don't engage in behaviors that put you at risk of the government forcing you to move there.

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