We understand, you're trying to draw attention to drug price hiking still occurring, and you think that this conviction will blow the whole thing under the rug. I agree with you on the first statement, but I think we disagree that the second was intentional.
The original replier (9889095r3jh) had an issue with (3), which is not really an accurate summarization (I don't think the prosecutors acted because he was hated; using the word misstate makes it seem like a mistake rather than outright lying; and it's totally irrelevant whether he tripled their money).
I agree we should change the regulation structure to prevent drug price hiking: any suggestions on how to do it? I for one would love to donate money to this cause if it's actionable.
Also, I'm sorry you're getting a lot of flak for that comment. It's mostly nitpicking, so safe to ignore once you see the point the nitpickers are making (including me).
That is a lie and therefore fraud, but the 7 year sentence seems out of line with the actual fraud committed (there are degrees).
Shkreli lied to him repeatedly, although he eventually made millions of dollars from the investment.
He made the defrauded investors money. In this crazy country, I'm not sure that giving someone shares in another company to cover other losses is illegal (Retrophin Inc). It seems like a Ponzi, but who knows. Fund managers are given a hell of a lot of leeway.
So to summarize, 7 years seem harsh for lying about the size of the assets and an independent auditor, given the fact that the investors made money. To me this seems more in line that he was punished for the press he got, and embarrassing Congress when they called him in for his perfectly legal monopolistic practices. I would much rather him be convicted for that.
He isn't convicted for being famous. He is convicted for fraud. The sentence takes into account his behavior with regard to his fraud case. He didn't show remorse, and it was likely that he would do it again. Hence a harsher sentence than he expected.
The original replier (9889095r3jh) had an issue with (3), which is not really an accurate summarization (I don't think the prosecutors acted because he was hated; using the word misstate makes it seem like a mistake rather than outright lying; and it's totally irrelevant whether he tripled their money).
I agree we should change the regulation structure to prevent drug price hiking: any suggestions on how to do it? I for one would love to donate money to this cause if it's actionable.
Also, I'm sorry you're getting a lot of flak for that comment. It's mostly nitpicking, so safe to ignore once you see the point the nitpickers are making (including me).