Controversial "Pharma Bro", Martin Shkreli, found guilty on 3 of 8 counts in federal trial

August 04, 2017, 05:28 PM

46and2

We've had a thread or two about this guy, but nothing lately IIRC.

Now his trial is over, more details at NYT:

quote:
.Martin Shkreli, accused of defrauding his hedge fund investors and a pharmaceutical company, was convicted on three of eight counts on Friday, after a five-week trial in the Federal District Court in Brooklyn.

Mr. Shkreli was convicted of securities fraud in connection with his hedge fund MSMB Capital; of securities fraud in connection with another hedge fund he ran, MSMB Healthcare; and of conspiracy to commit securities fraud, related to a scheme in which he tried to secretly control a huge portion of shares of Retrophin, a drug company he started.

He faces up to 20 years on each of the first two counts, and up to five years on the final count.

The conviction, even as a mixed verdict, was a major defeat for the divisive Mr. Shkreli, who said before the trial that he was “so innocent” that the judge, jury and prosecutors would apologize to him afterward.

Mr. Shkreli, 34, was acquitted of the count that potentially carried the most weight for sentencing: count seven, which charged him with defrauding Retrophin by creating sham consulting agreements and unauthorized settlement agreements. That charge was associated with the biggest financial loss, which judges take into account when deciding on sentences in fraud cases..

August 04, 2017, 05:33 PM

jehzsa

quote:
He faces up to 20 years on each of the first two counts, and up to five years on the final count.

"Fresh meat".

August 04, 2017, 05:53 PM

parabellum

So here's where the "acting like the world's biggest asshole" is going to be a factor- his sentencing. Oh, yes, the judge will be perfectly impartial. Sure, I believe that.

Have fun, Marty.

August 04, 2017, 06:47 PM

wrightd

That's one serious case of narcissism and sociopath right there. All he way to the pokey.

August 04, 2017, 07:01 PM

ZSMICHAEL

This guy will have a tough time in prison. Of course some inmates will gravitate to him because they vicariously enjoy Rich people getting ripped off. They will want to know how as well. The Federal prison system holds some of the smartest criminals in the world.

On the other hand this guy lacks the social skills to get along with people and is very annoying. It will be very unpleasant for him. I would like to see how he figures out how to get into the top bunk without stepping on the bunk below it. I predict he will be in Administrative Segregation for quite a while.

August 04, 2017, 07:28 PM

parabellum

His smirk is his biggest asset.

August 04, 2017, 07:31 PM

darthfuster

I think there is nothing sweeter than to see an evil smirk slapped off...

August 04, 2017, 07:36 PM

parabellum

I think that the guy's attitude is such that even if he recognizes that he's in an environment where he's pretty much on his own against violent mean who don't give a damn how much money he has nor how clever he thinks he is, he's still gonna run his suck, or he's gonna smirk at the wrong guy. I get the impression that this guy has been a complete dick all his life and has no idea about some things he's going to encounter in there. He'd better watch it real close, but I hope that he does not.

August 04, 2017, 07:44 PM

Bisleyblackhawk

I'm not totally sure...but if he goes to
Big Boy jail...he's pretty much "screwed" (I'm trying to watch my nasty mouth)

********************************************************

"we've gotta roll with the punches, learn to play all of our hunches
Making the best of what ever comes our way
Forget that blind ambition and learn to trust your intuition
Plowing straight ahead come what may
And theres a cowboy in the jungle"
Jimmy Buffet

August 04, 2017, 07:49 PM

parabellum

This is the part of the thread where someone comes along to tell us how the guy is going to Club Fed and his worst problem will be that his knees look bony in tennis shorts when he's playing tennis with the warden.

August 04, 2017, 07:50 PM

c1steve

http://money.cnn.com/2017/08/0...i-verdict/index.html

"Barely an hour after the verdict, he was livestreaming on YouTube from his apartment, holding a beer and predicting that the sentence would be "close to nil." He said that if he does go to prison, it will probably be a "Club Fed" where he will "play basketball and tennis and Xbox" for a couple of months."

"My case is a silly witch hunt perpetrated by self-serving prosecutors," he said on Facebook at one point. "Thankfully my amazing attorney sent them back to junior varsity where they belong. Drain the swamp. Drain the sewer that is the DOJ."
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Personally I think Martin is in for a surprise.

August 04, 2017, 07:53 PM

parabellum

That's the spirit, Marty. Show all those bitches how it's done. Get right in their face with it.

I do hope the judge sees this. I imagine he'll be informed about it by multiple sources who hate your guts.

August 04, 2017, 08:18 PM

jehzsa

First consideration in a Presentence Report, acknowledgment of guilt.

Strike one.

He will be given the opportunity to explain about the proven facts of the "witch hunt".

Strike two...

He'll be just fine.

August 04, 2017, 09:18 PM

ZSMICHAEL

I would be interested in hearing from Sig Forum members who have worked in the Federal Prison system as to how they think this guy will survive.

August 04, 2017, 09:19 PM

LtJL

actually, when the cons get done with him, he will HAVE the world's biggest asshole.

August 04, 2017, 09:21 PM

darthfuster

quote:
Originally posted by c1steve:
http://money.cnn.com/2017/08/0...i-verdict/index.html

"Barely an hour after the verdict, he was livestreaming on YouTube from his apartment, holding a beer and predicting that the sentence would be "close to nil." He said that if he does go to prison, it will probably be a "Club Fed" where he will "play basketball and tennis and Xbox" for a couple of months."

"My case is a silly witch hunt perpetrated by self-serving prosecutors," he said on Facebook at one point. "Thankfully my amazing attorney sent them back to junior varsity where they belong. Drain the swamp. Drain the sewer that is the DOJ."
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Personally I think Martin is in for a surprise.

This guy has a sort of an Anthony Weiner way of grinding the nerves of the average decent human being.........except without the 12 hour erection.