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Martin Shkreli, "America's Most Hated", "Price Gouging" Biotech Mogul Arrested For Securities Fraud, Released On $5 MM Bond
Update: Shkreli was released on a $5 million bond after a hearing Thursday, and had his travel restricted to parts of New York. It was not immediately clear how he pleaded to the charges. Evan Greebel, whom the SEC said was Shkreli's lawyer, also faces a count of wire fraud conspiracy. He was arrested Thursday and released on a $1 million bail.
It is unclear if somehow Shkreli got 2.5x leverage on repackaged Collateralized Wu Tang Obligations.
* * *
The “most hated man in America” just got arrested for securities fraud.
- SHKRELI, CEO REVILED FOR DRUG PRICE GOUGING, ARRESTED FOR FRAUD
- N.Y. LAWYER EVAN GREEBEL ARRESTED IN SHKRELI INVESTIGATION
MOMENTS AGO: Martin Shkreli leaving FBI after being processed by officials in New York following his arrest.
https://t.co/qGNZOusfgV
— CNBC Now (@CNBCnow) December 17, 2015
Shkreli, the baby faced, former Jim Cramer protege and serial biotech mogul who famously raised the price of a toxoplasmosis drug by 5000% in September, igniting a media and political firestorm in the process, is accused of using Retrophin (a company he founded and ran until he was ousted by the board) as a kind of slush fund. As an aside, you’re reminded that Retrophin once raised the price of a drug used to treat a rare condition that causes reoccurring kidney stones from $1.50 a pill to $30.
Retrophin claims that after Shkreli’s hedge fund, MSMB Capital, went bust after a $7 million loss on a “disastrous” trade with Merrill Lynch four years ago, he used a series of complex transactions involving Retrophin to pay back MSMB’s investors.
“Retrophin sued Shkreli in August for misuse of company funds,” Bloomberg recounts. The company “claims he engineered numerous transactions between investors in MSMB and the biotechnology firm.”
Retrophin goes on to allege that “Shkreli paid some [MSMB] investors through fake consulting agreements and others through unauthorized appropriations of stock and cash”
At one point, Shkreli allegedly decided to reclassify a $900,000 investment MSMB made in Retrophin as a loan. So basically, he invested in himself and then decided later that he had actually loaned himself money and needed to pay himself back. Retrophin did indeed pay back the “borrowings” and Shkreli subsequently used the funds to “settle another unrelated legal dispute.”
As Bloomberg goes on to note, “The Securities and Exchange Commission, which according to court documents opened an investigation into Shkreli in 2012, is expected to file a parallel civil complaint against him, according to people familiar with the matter.”
While Shkreli is known for laughing in the face of criticism and ridicule, this one might be hard to shrug off. It’s at least possible he could end up banned from running a public company, meaning Turing and KaloBios would need to find new executives (maybe Joe Campbell's KBIO short will pay off after all).
“Some of these companies seem to act more like hedge funds than traditional pharmaceutical companies,” said Senator Susan Collins, a Maine Republican who ran the recent hearing into the soaring cost of specialty drugs.
On the bright side for Shkreli, he'll have plenty of time to listen to the one-of-a-kind Wu-Tang album he bought in May for $2 million if he ends up incarcerated.
Incidentally, we predicted this might happen way back in September when we said that while "we doubt the SEC will investigate his shorting activity of biotech indices - we are confident the young 'hedge funder' will have bigger headaches to deal with soon enough."
And as for the ultimate punchline - drumroll - Shrekli had planned a meeting just two days ago with lawyers for incarcerated rapper "Bobby Shmurda" who Shrekli planned to bail out of jail. We'll close with the following quote from Shkreli, who spoke to Vanity Fair:
“We’re actually in discussion to try to bail out Bobby Shmurda. Forget whether you think he’s guilty or not, the guy should not be sitting in jail right now. He deserves a fair trial. He deserves good lawyers. He doesn’t have good lawyers. His label is hanging him out to dry and so I have a conference call tomorrow morning with them (December 15). I’ll show up with $2 million bail money no fucking problem.”
Better save that $2 million in bail money Martin. You may need it for yourself.
Meanwhile, Jim Cramer is getting nervous:
I hired summer interns from NYC School system program. They sent me this kid Shkreli for a summer. It was part of a program to help kids
— Jim Cramer (@jimcramer) December 17, 2015
I did not work at Cramer Berkowitz when they hired Shkreli as an analyst. I had left the firm; It kept my name. Didn't know him. Period
— Jim Cramer (@jimcramer) December 17, 2015
.@ReformedBroker It's insane. I hired poor high school kids as interns from the NYC program. Trashed for it here! https://t.co/S7te8snLmF
— Jim Cramer (@jimcramer) December 17, 2015
Full indictment:
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You are never alone when you are a schizophrenic
You are never alone with a schizophrenic
Voices at first confounding, then comforting, then commanding
Crime: doing an act of magic in front of muggles... other bigger wizards got away because muggles dont know about their existence.
small time, now , if it were Jamie, or LLoyd
my only question is, WTF took so long?
He is the poster child of all that is wrong with Wall Street...
No, Lloyd and Jamie are still battling it out with themselves who owns the poster child for all that is wrong with Wall Street.
maybe when he walks free somebody will give him the 180 grain headache cure.
Even sheep get there just desserts!
Magnum Hunter Resources Files for Chapter 11 Bankruptcy
http://telegraphtimes.com/2015/12/16/magnum-hunter-resources-files-for-c...
Oil and gas producer Magnum Hunter Resources and its affiliates filed for chapter 11 bankruptcy protection to carry out a debt-cutting plan as a prolonged slump in oil prices has depleted the company's cash. In a Chapter 11 filing in Wilmington, Del., Tuesday, the company requested relief from $1.4 billion in debts, citing the depressed state of the global commodities market. Magnum Hunter Resources Corp.is based in Irving, Texas, and owns about 45% of the equity interest in the Eureka Hunter Pipeline LLC. Telegraph Times
Free Jon Corzine!
Word is he retained Corzine as his legal eagle.
If so.....he should be in Paris tomorrow.
There is no way this dude will be in general population. I've seen hotdogs with a more robust physique. That picture of him just screams "prison bitch".
I imagine if he actually spends any time in prison, it will be in the local J.Esptein wing. As others have mentioned, this does appear to be punishment for showing his hand too freely in public, not pretending that he's in business for 'job creation' and 'innovation' in the industries he's involved in, just the money, it's all about the money and apparently a little fame. Part of playing the game at that level is not admitting it's a game and you're playing it.
Someone of his public profile and wealth must have political considerations taken into account when criminal charges happen. Happens more often than we're told, the wealthy and powerful can't go to prison, or be charged most of the time, because it would cause them too much distress and such penalty is barbaric for men of such standing in society
It would also undermine confidence in the markets/ecnomy etc if the wealthy started getting prosecuted for their crimes, complex financial crimes or more traditional crimes where physical interaction is involved. Would be less easy to look to them for guidance and advice if they were shown to be as corrupt and unethical as your local organized crime franchise.
He won't spend a day in prison unless he's convicted, years from now.
Boiled hot dogs
Arrested for what? Looks like standard wall street operating procedures to me.
This guy is just a pompous little piss ant.
Didn't I just read a story on ZH about a banker who took stock as compensation and then used it as collateral for a loan from that same bank?
As a layman, I don't really see where the line is here.
Is this a diversionary technique to make us think the .gov cares?
In essence he dipped his chip, he took a bite... And then he dipped again.
Imprimis is already making the AI for like a buck a dose.
http://youtu.be/JamMqew_3dQ
https://en.m.wikipedia.org/wiki/Pyrimethamine
http://imprimispharma.com
http://www.marketwatch.com/m/quote/immy
Headed by a dentist and lawyer and accountant though? No thanks. Get new management get into cholesterol generics though... Could be worth a look.
Merry Christmas you jew rat fuck.
Justice for financial misdeeds in America seems to have turned into a sort of public voting reality TV show. The more outrage you create, the more guiltyer you are. If you can rip people off and keep your mouth shut and your tracks covered, you're golden (Presidential cufflinks also help).
True dat
http://www.mintpressnews.com/big-pharma-wants-us-to-think-martin-shkreli...
Bullshit socialist boiler plate .... it is an imperative duty .... to charge what the market will bear .... to promote your healing business .... to fund future life saving research .... reward the soldiers on the front lines fighting disease .... invite investment to the healing industries .... it's no wonder simplistic simpleton socialists .... don't understand Capitalism ... they're stupid .... and twist the truth .... because they are greedy whores for power .... and stolen money .... they are the very cariacature of the Capitalists .... they compete with .... Hillary is the face of socialism .... this Albanian fuck .... is not in her league ?
And so what exactly did the parasite Martin Shkreli contribute to the good in what you say? Answer, nothing.
To trade .... is to provide liquidity .... in an important sector .... medicine .... did he use the police power of the state ?
You, Sir, are an incorrigible moron, and brazenly ignorant of the topic at hand.
Perhaps you work at Brookings??
...
?
Martin?
But not Armstrong...They got something against Martins?
It's not even a Jewish name.
Knew he would end up in jail once i figured out he was albanian..
The Albanian Muslim KLA was declared "kosher" by Klinton. The Albanians fought the white Christian Serbs, our former WWII ally, because Serbia would not roll over for NATO.
That made them untouchable last time I checked.
Corzine would be proud. Why do demons always wax and shape their eyebrows?
Because of the aerodynamical advantage when flying around Hell.
Understanding Capitalism .... is a question of putting order in life .... being observant and balanced .... discarding the trivial .... emphacizing the important .... basic human skills .... of a healthy personna .... in tune with creation ?
did you eat this funny looking pills again? i thought you agreed with the lady from drug addiction help center on stop using any kind of stimulants
Message from Batts:
"I fuck kids like that in the can. In the ass in the can!"
The Abanian fuck .... pales in comparison .... to the shrill fuck, Hillary .... the snobbish hick ?
Yawn.... I'd like to see Jim Cramer do the perp walk one day, but I think he knows where too many bodies are buried so he'll never be bothered with by TPTB.
Jim Cramer is just .... tending his table .... in the bazaar of life .... why all the personal animus .... I'm trying to provide guidance, here .... stay focused on the prize .... exposing the lies of socialism ?
What happened to the Monetas that was working up a pretty good stand-up comedy routine? Bring that guy back.
Hope they hike his bail by 5000%
Rot in hell you Machiavellian bastard. Your whore lawyers too.
This is the most hated man in America? This weasel, really? Of all the fuck-bags there are in the U.S. this is the most hated? What a fucking joke!
He saw some companies .... that were "criminally" .... under marketing valuable assets .... that's his duty .... to the stock holders .... and society benefits from accurate valuations .... it promotes good decision making ?
I think this boy had better start bulking up before stepping out onto the yard
Why didn't the board remove him? Oh yeah that's right, corporate governance is a joke.
Fed prison guard: Martin, this is Tyrone. Here, let me hold your yamaka...
get the fuck out of here....the SEC did its job?
the sec works for the squid and he doesn't have the right (wh immunity from prosecution) cufflinks.
too bad his name isn't cohen or corzine
the guy is worth $100M and could could to jail for stealing peanuts. amusing.
That's what Hubris does to you. Just look at Washington.
This little prick a) made too much noise and b} didn't steal enough to get an appointment in Washington.
It is time for one of you geniuses to write a text book on the new economics.
I realize it might take awhile with the rule book constantly changing, but neophytes like myself need help.
LMFAO!!!
Shoot the fucker dead!!! Or better yet, cell this little prick up for a week with a couple of bubbas!!! Then take him out back and off the dirtbag!!!
Well, at least he is not an Indian or Martha Stewart.
Bravo!
Everything is fixed!
Hooray! They finally found the perfect "whipping boy" to sacrifice on the altar of the of the Wall St. Jews...a purrrrfect pasty for MSM and the bleating masses to feed on, while The Great Heist continues unabated.
Jon Corzine is relieved.
Fleece Johnson the Booty Warrior meets Martin Shkreli
https://www.youtube.com/watch?v=n9WClv4U5B8
Sociopathic Man-Child.
Release the Hounds! Sick him boys...
https://twitter.com/martinshkreli
He's clearly a dick but the people bad mouthing him and capitalism for raising the price of a drug could've banded together, bought the company, and released the drug into the public domain to be made cheaply by other companies in perpetuity. They didn't. Instead they do what they always do, complain about what others are doing with their money instead of ponying up themselves.
Yeah, because that market is so accessible and everything. There is oligopoly everywhere and that's the problem.
Looks like central banking fed types enablers aren't that thrilled about their own spawn and creation?
I am so looking forward to reading about his prision rape.
That creepy little elfin psycho doesn't appear to be very high functioning, he is going to crash and burn. You can see he has very little impulse control, if otherwise he would have kept a lower profile after his gouging debacle but nope... the crazy elf cannot help himself.
Isn't B Bernake this dudes dad? I'm pretty sure he and Janet gave birth to this little rascal!
He's only doing what the system provides him with incentives to do.
Get a grip people, even *if* this guy goes to jail, it wont be the kind where they tie effeminate white guys like this up naked over a 55 gallon drum and let the brothers re-arrange his poop chute and ensure he never sits down comfortably again. No, he will go to one of the 'club-feds', more like having a 'time-out' from your Mom and being remanded to your room than actual prison. While there he will hone his skill set at the feet of other white collar criminals, and when he gets out will be 1000% worse than he was when he went in. Who knows, maybe the next POTUS...
KBIO down 53% pre-open.
shkreli is just another fucktard who never had a decent meal inspite of his millions...an animal like the rest of his ilk
Any word on whether or not the guy who shorted KBIO got out or not? What a kick in the balls for that guy.
Someone likes to downvote my comments. Totes cute.
Not sure I understand how he allegedly engaged in securities fraud, that is, making a misrepresentation or material omission in connection with the purchase or sale of a security. Moving money from one entity to another that is phony or unauthorized is a breach of fiduciary duty as a corporate officer or director, subjecting him to a derivative action by shareholders. This may be another example of government trying to make an example of him for jacking up the price of drugs, something he is entitled to do if he owns them. The US Justice Dept., like the SEC, is more political every day and chooses prosecutions that make them look good in the eyes of the public. The ZH article of the other day where a NY regulator wants the SEC to investigate gun manufacturer Sturm is another example. There are many these days. If TPTB don't like you or your business, you better be prepared to get prosecuted in some fashion. This is where we've come. It is just going to get worse as the Ruling Class gets more desperate to hang on to power.
From Bloomberg: "Instead, the federal case against Shkreli involves accusations that he illegally fleeced a biotech company he started in 2011 called Retrophin. Shkreli allegedly used Retrophin stock to pay off investors he owed money for losses they'd suffered at a separate hedge fund he ran."
Unless I am mistaken, Fox Business News reported this morning that it was securities fraud that he was charged with and that the SEC will be also following up with their own complaint.
I wish they would do this to all of the slimy shylocks! This country would turn around within days.
Agree with point one. Fully disagree with point two. We will still have enough idiots ruling the roost.
Yet John Corzine walks free.....Good lord....
This might be the reason why.
As the old saying goes..."It's not what you know, it's who you know."
From an earlier post this year on ZH.
http://www.zerohedge.com/news/2015-04-19/vapor-capital-asset-mismanageme...
BTW, I read the entire complaint, and when I got to the end, it was signed by a Foreperson. Now a Foreman is a Foreperson?
I mean WTF
.
Thats half the problem right there.
This PC stuff is getting absurd.
They say a Chairman is no longer a Chairman, but they aren't a Chairperson either. They are just a Chair.
And a Spokesman now becomes a Spokesperson. How come Spokesperson, why not Spokes, like Chair.
No longer are they Waiters, they are Waitstaff, because I guess Waitperson sounded stupid?
And Firemen become Firefighters, not Firepersons?
And Stewardess become Flight Attendants, and not Stewpersons?
Mailmen become Letter Carriers, not Mailpersons. Guess it's Mail could be confused with Male. Can't have that.
Who's in charge of all of this anyway?
This would be even more fun in Spanish where every noun is masculine or feminine. What a bunch of sexists! </sarc>
He obviously didn't give the right folks their cut in the $$$.
Shylocks have no sense of social responsibility and this is a gleaming example.
"Forget whether you think he’s guilty or not, the guy should not be sitting in jail right now. He deserves a fair trial. He deserves good lawyers. He doesn’t have good lawyers. "
It seems like this "protected class perp" #2 male is thoroughly deserving of what it is going through...
http://www.theguardian.com/music/2015/dec/16/bobby-shmurda-brooklyn-rapp...
Has anyone started connecting the dots between the democrats, communists, jews, minorities and crime?
It is an axis of weasels that is second to none in sewing the seeds of hate, crime and discontent in this once great land.
Perusing the alternative news over the last 15 years, I have indeed seen a correlation between the "axis" you speak of. It is stunning that more people have not noticed this.
A Jew gets arrested for fraud, and it's proof positive to all the ZH wankers, who "connect the dots between the democrats, communists, jews, minorities and crime" with the same reverence that the Pope connects the dots between the Father, the Son and the Holy Ghost, of the "Zio conspiracy." And if you don't give the right answer to their Rorschach test, here's a 25-hour psychotic rant on YouTube that proves it.
Of course, to the schizophrenic, any old dot will do. Holy Jehovah, Happy Hannukka and light the menorah with my butt wind, what a looney bin.
Very likely he is Muslim
"Shkreli is a historical tribe (and region) in Northern Albania (see Malësia). With expansion of the Ottoman Empire, part of the tribe migrated to Rugova beginning in ca. 1700, after which they continued to migrate into the Sandžak region (today inSerbia and Montenegro). The Shkreli tribe converted into Islam in the 18th century, while the Shkreli in Sandžak (known asŠkrijelj/Serbian: ???????) over time were Islamized and today declare Bosniak ethnicity. There are minor families which still adhere to Christianity (most of whom are Catholic, the rest Orthodox).
https://en.wikipedia.org/wiki/Shkreli_(tribe)
Judging from your response, you're either a kike(my first guess), a jew conspirator/apologist or so woefully naive that you can't see anything past those rose colored glasses.
The history as to why they have been ejected from many countries tells the story. Perhaps you should read more... and NOT the revisionist history the jooz want you to read.
Martin Shkreli is what happens when nothing but economic frameworks and New York (or wherever) Machiavellian mindset run unchecked.
IMF's Lagarde to stand trial in France
Published: Dec 17, 2015 11:02 a.m. ET WASHINGTON (MarketWatch) -- Christine Lagarde, the managing director of the International Monetary Fund, has been ordered to stand trial over her role in a payment made to a French businessman in an arbitration case. The IMF said its board continues to express confidence in the ability of Lagarde to "effectively carry out her duties." Lagarde was French finance minister in 2008 when French businessman Bernard Tapie was awarded 400 million euros. Lagarde's lawyer said the decision to refer her to trial will be appealed.
The current administration holds grudges and deals with them Chicago style when crossed. Expect Lois Lerner style IRS and state tax audits, too.
Bring on the Two Minutes Hate. Schkrell could buy & sell 99% of the loafs posting on this thread.
he'll be lucky to buy and sell a bag of fritos once he's incarcerated. Assuming a cell mate doesn't have a mother dying for lack of the %5000 drug the asshole made unavailable. In which case he won't be needing those fritos as bad as he will need some decent blood clotting drugs. Good luck in there asshole. I'm pretty sure you killed someone's relative with your price increase.
what goes around, comes around.
"could buy & sell 99% of the loafs posting on this thread."
what, with with all the OPM that he's stolen?
Quite some accomplished little fella he is, and we can also tell how you define success.
Lucifer - you showed up. Good for you - piece of shit!!!
He's an asshole, exploiter, and crook. Good riddance. But Two Minutes Hate is so well-encouraged because it leaves the system in place, and the system will find a quieter asshole, exploiter, and crook to slot in his place. Without Medicaid for All and drug price controls, another Shkreli will be along shortly.
How come the FBI does not move against the counterfeiters at the Marriner Eccles building? :)
He's supposed to be Albanian but went to Baruch College and worked for Cramer Berkowitz before graduating to better things. So is he both a tribesman and an Albanian? If so I must ask how anybody could have been stupid enough to have invested with him.
But there are a lot worse than this guy walking around free. Calling Jon Corzine....
Shoulda put his ass in a Rikers Island general lockup holding cell. He'd be forever cured of any constipation problems, guaranteed!
Really? I thought fudge-packing was the specialty in that prison. BTW, I agree with you... send this evil little fucker there for life. The world literally does not need assholes like this skulking around feeding on the nearly dead. What a fucking bastard this punk is.
Don't tase me, brah!!!
Don't tase me, brah!!!
This guy must not be in the racketeering club
1B gone??
latest:
http://tersee.com/#!q=Shkreli&t=text
I guess it's a White Male Privilege #Fail.
I'm making up my poster board. White Male Privilege Matters Too.
All I can say, they better put that Femboy into solitary.
He won't last one night in the cage.
Are you sure that's not the lead singer for Bright Eyes?
https://www.washingtonpost.com/express/wp/2014/05/22/conor-obersts-bright-eyed-journey-to-upside-down-mountain/
Talk about consolidating to Greed/Evil... This is a poster child for the type of tyrant we are turning out these days? because its the American way? What a bright future that lay ahead..
He needs alot of way overdue perp walking company.
Bar Refaeli was booked out Israel way. Maybe hear dealsings are just a cover for her fancy businessman husband.
http://www.bbc.com/news/world-middle-east-35124190
ha ha ha doesn't look like he's smiling now..
The likelihood of soap beatings and ass rape is slimmer than this dildo's prison pocket, but hey, dare to dream...
Still waiting for the Corzine perp-walk.
When this stuff goes down I don't think about how scary the bad guys are, I think about all the other injustices leveled upon us by this regime.
Steinmeyer Law launches investigation into KBIO https://steinmeyerlaw.com/kalobios-pharmaceuticals-inc-kbio/
Arrest Jamie Dimon and hang him. That would be an indication of real justice
Real justice is a fair and impartial trial and a punishment that is humane......
Do you really advocate vengence as justice ?
I think we're way past that.
Hang em motherfuckers high!
Martin Shkreli Arrest Call
Martin Shkreli getting a call from an FBI agent thinks its fake, arrested moments later...
Who got that video and posted it to YouTube? Does he just film himself douching out or was it a hack?
Lawyer for Martin Shkreli Hikes Fees Five Thousand Per Cent
A criminal lawyer representing Turing Pharmaceuticals chief Martin Shkreli has informed his client that he is raising his hourly legal fees by five thousand per cent, the lawyer has confirmed.
"Twas the night before Christmas,and all through the Big House,only one creature was stirring,Martin "The Mouse",as his rump was being pounded,he screeched into the night,onward Brutus and Blitzen,while my ass is still tight.."
Essentially this is evidence that SEC et. al can arrest just about any Wall Street douchebag for very legitimate reasons...BUT will ONLY do so when one of the douchebags brings attention to the rest of the douchebags. Naturally the SEC et. al will IGNORE all of the VAST and BLAZING corruption that is built into the Wall Street culture.
You can be a criminal, just don't rub it in the plebians faces (too much).
Well put BarbaricRelic . . .
It took right around 57 FBI guys to arrest this parasite. Now that's what I call good theater.
TPTB don't like loudmouth headline-grabbing little bitches.
Wall Street IS NOT free market capitalism !!!!!!
Say it again - Wall Street IS NOT free market capitalism.
Cant say it enough........
look at that PUNK TWIRP! Give him Bubba for company !
glad to see zerohedge making such immoral humor about the situation. we all know they are not men at zh.......................go back to your kiddi porn you sick fuckers ................;)
get that 12 yr old dick out of your mouth so we can understand what ur saying.
How long are you in for? I bet the negroes are enjoying your child molester ass
You come to ZH for "moral humor"??? Are you frequently disappointed?
Going into prison? No problem. Enjoy your stay. By the way, we're charging your cell mate $10,000 per condom. Hope that turns out OK for you.
Fucking Piker!
H2 visa's increase from 60,000 to 200,000in the omnibus bill...
Wage deflation
ZeroHedge pop up video advertisments are an insult to its clients. If they continue, I'll find somewhere else to play.
I nearly said the same. If you use the Chrome browser, just add the Adblock Plus extension and they should go away.
Exactly advertisements exist on web-pages to profit off the non-internet-elite.
If in today's day and age your browser doesn't have some kind of blocker in it................... you are not considered computer literate.
Thank-you, computer gurus.
Jesus. Install Ad Block Plus and stop bitching!
Martin, I know you are a ZH fan so I just want to offer a little encouragement to you after reading all these hurtful comments. It's only going to hurt the first few times. After that tight little ring of yours is stretched out you will enjoy the prostate massageges.
Mother-fucking FBI
Could not even hold this guy for 24 hours and get at least one night in jail?
this guy was just released, 5 million bail.
Hope he was at least fitted with an ankle braclet
He may not need sterilization after all. Yours Truly has openly advocated for just that with the creep. He's too rich for someone there to mete that out to him.
Too bad he can't catch his plane, his hoverboard being in checked luggage and the lithium batteries go boom. Why did such an accident have to occur before NOW? If he gets off like Corzine, we're sure to go down the rabbit hole even faster.
In this legal system when you are worth Millions/Billions its like you play monopoly, all that happens is you go to jail, use your get out of jail free card, skip a turn and you are back to playing.
Jail is for the 2Small2Matter folks not for the 2big2jail crew.
lol
When in a society the top criminals have more bail money than 5x your total mortgage principal........... you know your society is completely fucked and on the cliff.
https://www.youtube.com/watch?v=pjVkwX5Yt2Y
Jim Cramer right about now
99 percent of the time, all ZH does is publish doom and gloom.
But sometimes .. like now ... a ZH article comes along that warms the heart and brings a smile.
Happy Holidays.
FED raises rates a measly quarter % - Russia diffuse the` immediate prospect of WAR - The DOW sinks 250 - I think it's all related !!!
Political smoke and mirrors theater.
Whether Shkreli did or din't do whatever Obama's secret police accuse him of -- ObamaCare is still a disaster.
And color me surprised that another Cramer and Berkowitz alum is playing fast and loose with the law. CNBC is probably preparing a dressing room for him, so he can help the muppets lose money faster
I was audited by the IRS and was found wanting. 2787.23. I am 60. I have worked since I was 12 years old in some form or another. Life, liberty and the pursuit of happiness. Laws are for we the sheeple. I will not be found wanting again. Look around. Keep your friends and neighbors close. I am not a doom and gloomer. I am a realist. Time to wake up and realize there are fates worse than death.
We don't run this country. As long as you breathe you owe taxes , fees, tolls, licensing and permit fees. Tax freedom day is not in May. Tax freedom day is in the grave yard. Will we ever hold those elected accountable for their actions and inactions? One can dream.
This guy will walk.