topic Re: Pharma Bro Arrested for Securities Fraud in Community Chat

Pharma Bro Arrested for Securities Fraud

Noel7 — Fri, 18 Dec 2015 01:39:46 GMT

Said to have run his company like a Ponzi scheme.

Re: Pharma Bro Arrested for Securities Fraud

Noel7 — Fri, 18 Dec 2015 01:44:41 GMT

"Multiple schemes through lies an deceit."

Prosecutor

Re: Pharma Bro Arrested for Securities Fraud

chgobrsfan — Fri, 18 Dec 2015 01:44:51 GMT

Couldn't have happened to a nicer guy.

Re: Pharma Bro Arrested for Securities Fraud

hennypenny — Fri, 18 Dec 2015 01:45:40 GMT

Karma

Re: Pharma Bro Arrested for Securities Fraud

Noel7 — Fri, 18 Dec 2015 02:19:28 GMT

Reference for the breaking news:

‘Pharma Bro’ Martin Shkreli arrested for securities fraud

https://www.washingtonpost.com/news/business/wp/2015/12/17/pharma-bro-martin-shkreli-arrested-for-securities-fraud/

Re: Pharma Bro Arrested for Securities Fraud

MarthaStewardess — Fri, 18 Dec 2015 02:37:08 GMT

What goes around comes around!

Re: Pharma Bro Arrested for Securities Fraud

Venezia — Fri, 18 Dec 2015 02:50:11 GMT

I was delighted when I heard the news that this arrogant, nasty person was arrested. I guess he shouldn't have brought such notice to himself by skyrocketing the price of a necessary drug for some people, hmmm?

Karma, indeed. Really couldn't have happened to a more deserving lowlife. Certainly made me smile!

Re: Pharma Bro Arrested for Securities Fraud

SaRina — Fri, 18 Dec 2015 03:03:50 GMT

... plus the price gouging on a life-saving drug.

What a poor excuse for a human being. I hope he gets max. I would've liked to be on that jury.

Re: Pharma Bro Arrested for Securities Fraud

Noel7 — Fri, 18 Dec 2015 03:07:48 GMT

@SaRina wrote:
... plus the price gouging on a life-saving drug.

What a poor excuse for a human being. I hope he gets max. I would've liked to be on that jury.

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You still have a chance to be on the jury, should there be one

I suspect they started looking into his nasty practices soon after he manipulated the drug cost. I assume the odds were high of finding unfair practices, and it seems they did.

Re: Pharma Bro Arrested for Securities Fraud

shoekitty — Fri, 18 Dec 2015 03:22:39 GMT

@Noel7

Are you getting rain tonight? I hope we get some!

ITA agree about the jerk raising the drug cost. What a total coward, a COWARD. He disappeared after he said he would lower cost. Then he ran whenthe company in California said it would offer the same med for a few dollars. The securities must have been on to him before the price jack up, but he really called attention to himself at that point

Re: Pharma Bro Arrested for Securities Fraud

Noel7 — Fri, 18 Dec 2015 03:35:44 GMT

Hi @shoekitty

It hasn't rained here today or tonight, but Sandhya said there are three new storms coming in tomorrow through most of next week, including possible rain Xmas eve and Xmas day.

NEWS: Kristin Sze and Eric Thomas, my favorites, are leaving the morning news. What! I sometimes watch them at 5 in the morning.

Good news for Kristin, she may be the new evening anchor, Eric Thomas, that darling man, will take over the weekend news. I know he's hated getting up in the middle of the night.

Re: Pharma Bro Arrested for Securities Fraud

Noel7 — Fri, 18 Dec 2015 03:38:28 GMT

Re: Pharma Bro Arrested for Securities Fraud

Irshgrl31201 — Fri, 18 Dec 2015 04:21:29 GMT

Bahahahaha!! I love it! Couldn't have happened to a more deserving d bag!

Re: Pharma Bro Arrested for Securities Fraud

luv-the-Q — Fri, 18 Dec 2015 04:32:43 GMT

And who is surprised by this? Doctors, insurance companies, pharmaceutical companies all profit from the misfortune of others. It is disgusting. And they all blame each other for the mess our health care is in.

Re: Pharma Bro Arrested for Securities Fraud

redhead65 — Fri, 18 Dec 2015 04:44:00 GMT

Luv-the -Q,

Not all of the people you mentioned do similar things, but this case is a bit different.

He originally set this entire thing into motions as a Ponzi scheme and I find it hard to believe after the others fallen before him that he and any of the benefactors believe they would not be found out and prosecuted to the fullest. After Bernie Madoff's experience, you think others would learn from it.

He got his and will have to answer the worst way of all on Judgement Day.

Satan is alive and well and living among us all.

Re: Pharma Bro Arrested for Securities Fraud

Noel7 — Fri, 18 Dec 2015 06:06:28 GMT

@luv-the-Q wrote:
And who is surprised by this? Doctors, insurance companies, pharmaceutical companies all profit from the misfortune of others. It is disgusting. And they all blame each other for the mess our health care is in.

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His arrest isn't about over charging for medication. It about securities fraud.

Re: Pharma Bro Arrested for Securities Fraud

terrier3 — Fri, 18 Dec 2015 10:50:08 GMT

@Noel7 wrote:
@luv-the-Q wrote:
And who is surprised by this? Doctors, insurance companies, pharmaceutical companies all profit from the misfortune of others. It is disgusting. And they all blame each other for the mess our health care is in.
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His arrest isn't about over charging for medication. It about securities fraud.

Yup. They nailed him for defrauding investors at his failed hedge fund. (BTW - he must have been a total loser - most hedge funds do very well betting against America).

It's perfectly legal to fleece sick people...happens all the time!

Re: Pharma Bro Arrested for Securities Fraud

Nataliesgramma — Fri, 18 Dec 2015 11:16:35 GMT

I hope they raise his bail 5000%

Re: Pharma Bro Arrested for Securities Fraud

Witchy Woman — Fri, 18 Dec 2015 18:13:50 GMT

Someone on one of the political shows mentioned they had previously covered him, and, from what he knew, this guy seemed to be enjoying the negative attention, relishing being a villan.

We'll see how he feels about it if he does jail time.

I hope the karma bus runs him down and backs up for more!

Re: Pharma Bro Arrested for Securities Fraud

Noel7 — Fri, 18 Dec 2015 18:20:32 GMT

@Nataliesgramma wrote:
I hope they raise his bail 5000%

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Good one!