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Started By
Message
1
Posted on 12/17/15 at 8:18 am to slackster
Any lawyer representing him should jack up their hourly rates to astronomical rates.
I mean they have stakeholders to look out for too.
I mean they have stakeholders to look out for too.
Posted on 12/17/15 at 8:21 am to NYCAuburn
quote:
I think you are missing a zero
Thanks!
Posted on 12/17/15 at 8:21 am to sullivanct19a
He got rich by shorting stocks and then shite-talking the companies online. It's not rocket science.
Posted on 12/17/15 at 8:27 am to GaryMyMan
quote:
He got rich by shorting stocks and then shite-talking the companies online. It's not rocket science.
Yea but in order to move prices by shite talking people have to take your word on it. If you or I did this no one would listen.
Posted on 12/17/15 at 8:29 am to Hangit
quote:
If he had not raised the prices, then acted like a pompous jackass afterwards, nobody would have ever gone after him for anything.
Again, this is has been going on for a few years now and was under investigation well before the price increase.
Basically, this guy has been a shitstain for years.
Posted on 12/17/15 at 8:38 am to stout
quote:
this guy has been a shitstain for years.
seems about right
Posted on 12/17/15 at 8:42 am to Iron Lion
quote:
When poor people get fricked nobody cares. When rich people get fricked the FBI puts somebody in prison.
Examples of the poor?
Posted on 12/17/15 at 8:42 am to AUCE05
pharma karma
Posted on 12/17/15 at 8:42 am to stout
I just hope he gets aids in prison.
Posted on 12/17/15 at 8:46 am to stout
quote:
Basically, this guy has been a shitstain for years.
all the more sweet to see this happening to him.
Posted on 12/17/15 at 8:47 am to slackster
Schadenfreude, how sweet it is.
Posted on 12/17/15 at 10:50 am to slackster
Didn't see this before,
Ha, what a scumbag.
quote:
Retrophin also digs up allegations from 2014 that claim Shkreli tried to intimidate a former MSMB employee, telling his wife in a letter that "I hope to see you and your four children homeless and will do whatever I can to assure this," and reaching out to the ex-worker's teenage sons on Facebook to say their father "betrayed" and "stole $3 million from me."
Ha, what a scumbag.
Posted on 12/17/15 at 10:55 am to Commandeaux
quote:
Specifically, the SEC alleged that he misappropriated about $120,000 in investor funds from MSMB; lied about the fund's performance, assets under management, and retention of an independent auditor and administrator; misrepresented a naked short to a broker; and misappropriated about $900,000 of investor funds from MSMB Healthcare to fund an arbitration settlement tied to the firm's failure to settle short sales.
He should have diversified his bonds, yo
Posted on 12/17/15 at 10:58 am to stout
quote:
He got rich by shorting stocks and then shite-talking the companies online. It's not rocket science.
How is this different than what ackman, icahn or the CEO of citron research do?
Posted on 12/17/15 at 11:00 am to stout
Once he was ousted from Retrophin and they entered into civil litigation, it was inevitable that the SEC would start digging around.
ETA: they arrested his attorney too. Shkreli is fricked.
ETA: they arrested his attorney too. Shkreli is fricked.
This post was edited on 12/17/15 at 11:04 am
Posted on 12/17/15 at 11:19 am to Rickety Cricket
Going to be some hot new Wu Tang tracks bumping at the Hoover Building today
Posted on 12/17/15 at 12:31 pm to slackster
quote:
Authorities outlined years of investment losses and lies Shkreli allegedly told his investors almost from the moment he began managing money. By age 26, they said, he got nine investors to place $3 million with him, began losing their money and covering it up. Within a year, his fund's account was down to $331.
Shkreli attracted another $2.35 million investment in 2010 and lost about half of that in two months, the authorities said. As the hole grew, he covered it up with scheme after scheme, telling investors that his returns were as high as 35.8 percent when he was down 18 percent. He used client money to pay for his clothing, food and medical expenses and lied to the broker handling his fund's accounts, authorities said.
Dude turned $3 million into $331
LINK
This post was edited on 12/17/15 at 12:33 pm
Posted on 12/17/15 at 12:41 pm to stout
Does he drive a tiger striped Lamborgina?
Posted on 12/17/15 at 12:42 pm to stout
The only impressive thing about this dude is his ability to sucker his dad's friends into staking him.
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