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by nickysielicki
1787 days ago
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The only thing Shkreli is guilty of is risk laundering. Nobody was defrauded. Everyone got paid. He made a huge (relatively stupid) bet that could have hurt a lot of people, but he lucked out and was able to make everyone whole. Actually, a lot of his "victims" made a lot of money. > 4. How much did investors lose? > Nothing. Shkreli partly repaid them with Retrophin stock and several witnesses told the jury they ended up with multimillion-dollar profits. One invested $1.25 million in Shkreli’s hedge fund, got $1.6 million back and 150,000 Retrophin shares, currently worth about $2.9 million. Another said she ended up with a $2.7 million profit from a $300,000 initial investment. https://fortune.com/2017/08/05/why-martin-shkreli-is-guilty-... |
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From a legal perspective, it's irrelevant that on a long-enough time frame the victims ultimately ended up better off. That would be like saying that an attempted murder is a victimless crime if the hospital discovers that the victim has a fatal but removable brain cancer while treating their wounds from the assault.