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Ex-hedge funder buys rights to AIDS drug and raises price from $13.50 to $750 per pill

He smirks *identically* to the other fellow being referenced here..
 
Bowling4Bikes said:
sucks that the charge was defrauding investors and not the people who needed the drug.
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on the one hand, it’s good that there are robust laws that people stumble into breaking through their other more nefarious crimes (e.g. al capone getting it on tax evasion). on the other hand - it’s disgusting that our laws protecting the flow of money are superior to our laws protecting life. and consumer protection is an economic oxymoron. :rolleyes
 
littlebeast said:
on the one hand, it’s good that there are robust laws that people stumble into breaking through their other more nefarious crimes (e.g. al capone getting it on tax evasion). on the other hand - it’s disgusting that our laws protecting the flow of money are superior to our laws protecting life. and consumer protection is an economic oxymoron. :rolleyes
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The laws really are not superior. Sometimes it comes down to what you can prove, beyond a reasonable doubt.
 
littlebeast said:
on the one hand, it’s good that there are robust laws that people stumble into breaking through their other more nefarious crimes (e.g. al capone getting it on tax evasion). on the other hand - it’s disgusting that our laws protecting the flow of money are superior to our laws protecting life. and consumer protection is an economic oxymoron. :rolleyes
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Financially gang-raping people you have over a barrel is perfectly acceptable in this country, as long as it's done legally.
 
bojangle said:
The laws really are not superior. Sometimes it comes down to what you can prove, beyond a reasonable doubt.
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be that as it may, that doesn’t explain why our legal system makes it easier to prosecute crimes that impact financial institutions, over crimes that impact the lives of our citizens. or why the bulk of the restitution most often goes to the former, and a pittance, if anything, goes to the later.
 
bojangle said:
The laws really are not superior. Sometimes it comes down to what you can prove, beyond a reasonable doubt.
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Things HAVE changed. I once read an Oakland newspaper from the 30's and the "Crime" section was HIlarious....the blue-collar dudes who were drunk and breaking windows got wood shampoos and drunk tank for the night but they guy from the bank who got caught embezzling got sent right to prison
 
Climber said:
Financially gang-raping people you have over a barrel is perfectly acceptable in this country, as long as it's done legally.
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It does not need to be done legally. It just has to be a lot of money, and don’t steal from the wealthy.
 
CoorsLight said:
It does not need to be done legally. It just has to be a lot of money, and don’t steal from the wealthy.
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You should watch American Greed. They highlight cases of theft/fraud/ponzi schemes involving lots of money. The victime are often normal people who lost life savings and stuff.
 
littlebeast said:
be that as it may, that doesn’t explain why our legal system makes it easier to prosecute crimes that impact financial institutions, over crimes that impact the lives of our citizens. or why the bulk of the restitution most often goes to the former, and a pittance, if anything, goes to the later.
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My experiences working municipal police work differ. Violent criminals and sex offenders are getting prison time, with sex offenders having to serve at least 85% of their sentence. Financial criminals are not even eligible for prison time in California anymore, unless they are charged federally.

The ease of prosecution is case by case. Some cases have good evidence and some don't. Local departments are often finding less resources available to put in all the work required to obtain sufficient evidence of white collar crimes.

As far as restitution, if the defrauded money is still available, there is something to go after for white collar restitution.

Is this just your perception, or is it based on experience or facts?
 
bojangle said:
My experiences working municipal police work differ. Violent criminals and sex offenders are getting prison time, with sex offenders having to serve at least 85% of their sentence. Financial criminals are not even eligible for prison time in California anymore, unless they are charged federally.

The ease of prosecution is case by case. Some cases have good evidence and some don't. Local departments are often finding less resources available to put in all the work required to obtain sufficient evidence of white collar crimes.

As far as restitution, if the defrauded money is still available, there is something to go after for white collar restitution.

Is this just your perception, or is it based on experience or facts?
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Not to mention that there is no real downside to shredding all of the evidence, even if there is a court order to turn it over. They wouldn't they shred all of the evidence, the laws favor it.
 
Duder has to hand over the Wu Tang album to the Feds. :laughing

https://www.cnbc.com/2018/03/05/martin-shkreli-must-forfeit-7-point-36-million-judge.html

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He broke the 1st rule of stealing big and getting away with it....he pissed off powerful people.

Big pharma doesn't want too much attention focused on pharmaceutical price gouging in America, that could lead to controls getting put in that they don't want and he was the poster child for pharmaceutical price gouging.
 
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