Gawker and Martin Shkreli

"CalzoneGolem" (calzonegolem) 12/17/2015 at 10:11 • Filed to: None

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Everyone is all excited in the !!!error: Indecipherable SUB-paragraph formatting!!! article because this dude got arrested, but he hasn’t been sentenced yet. He’s got enough dough at his disposal to get out of this with as little punitive damages as possible.

He dipped in his wallet and posted bail

He made it back home before the sunrise shine

And slept in his very own bed

The Ghost of Oppo > CalzoneGolem 12/17/2015 at 10:19

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Sensational journalism

spanfucker retire bitch > CalzoneGolem 12/17/2015 at 10:19

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He’s not getting out of this unscathed. He’s going to have to deal with the criminal trial, a civil suit that the SEC is also going to bring, as well as the ongoing civil suit with the Pharmaceutical company (not Turing) that got him into this mess in the first place.

And seeing as how he used this company as basically his bank account because he bankrupted his investment fund, I don’t think he has nearly as much money on hand as we’re lead to believe.

CalzoneGolem > spanfucker retire bitch 12/17/2015 at 10:21

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I’ll believe it when I see it. It is far to early to sing Ding dong the witch his dead.

TheBloody, Oppositelock lives on in our shitposts. > CalzoneGolem 12/17/2015 at 10:26

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Idk, this isn’t your usual criminal trial. This is the SEC going after him and if they threw Martha Steward in jail for a couple of years just for insider trading, he should be worried. This dude pissed off the powers that be by rocking the boat, I feel they’re going to make an example of him.

Snuze: Needs another Swede > CalzoneGolem 12/17/2015 at 10:42

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I’ll say it since no one else will...

Awesome music choice!

DrScientist > CalzoneGolem 12/17/2015 at 10:48

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i’m not usually one for vengeful actions, but i too would like to see this ass personally bankrupted and put in jail for the maximum sentence of the charges brought against him.

as a doctor and a scientist, i’m appalled at his blantant disregard for the general health and well being of the country and the world as a whole.

with experience in the pharmaceutical industry, i shake my head, as this precocious twit is the reason the industry can be reviled while at the same time bring life saving/changing medications to patients around the world.

hopefully, his actions beyond this retrophin debacle are disclosed during his sentencing.

CalzoneGolem > Snuze: Needs another Swede 12/17/2015 at 10:54

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Can’t have enough Claypool.

For Sweden > CalzoneGolem 12/17/2015 at 11:20

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Dude was already rich

Dude tried to also be famous

Dude made a bad decision

plainnottoasted > CalzoneGolem 12/17/2015 at 11:35

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Yep. And I imagine his peers think getting caught for (getting away with) securities fraud is pretty funny,

Steve is equipped with Electronic Fool Injection > CalzoneGolem 12/17/2015 at 11:59

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Everything I’ve read about this guy seems like he’s got a bookshelf with “The Prince,” “The Art of War,” and “The Virtue of Selfishness,” in his office.

CalzoneGolem > For Sweden 12/17/2015 at 11:59

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Seems like he was going for infamous.

CalzoneGolem > Steve is equipped with Electronic Fool Injection 12/17/2015 at 12:01

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Missing How to make friend and influence People

You can tell a Finn but you can't tell him much > CalzoneGolem 12/17/2015 at 14:59

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The full indictment has been posted. Mr. Shkreli is in a world of hurt right now. Merril Lynch is pissed at him, big money investors are pissed at him, and the SEC is going after him.

14. On or about September 5, 2012, the defendant MARTIN SHKRELI, CoConspirator 1 and MSMB Capital entered into a settlement agreement with Merrill Lynch to resolve a Financial Industry Regulatory Authority, Inc. (“FINRA”) arbitration proceeding in connection with the OREX trading losses of approximately $7 million. Pursuant to the settlement with Merrill Lynch, SHKRELI, Co-Conspirator 1 and MSMB Capital agreed to pay Merrill Lynch a total of $1,350,000 on or before December 15, 2012. Notably, in the settlement agreement, SHKRELI and Co-Conspirator 1 admitted that MSMB Capital had $0 in assets.

15. On or about September 10, 2012, a mere five days after the defendant MARTIN SHKRELI and Co-Conspirator 1 admitted that MSMB Capital had no assets, SHKRELI sent an email (the “Liquidation Email”) to the Capital Limited Partners, including 7 Case 1:15-cr-00637-KAM Document 1 Filed 12/14/15 Page 7 of 29 PageID #: 7 ‘, Investor 2, and stated, in part: ‘”I have decided ~o wind down our hedge fund partnerships with a goal of completing the liquidation of the funds by November or December 1st, 2012 ... . Original MSMB investors (2009) have just about doubled their money net of fees .... investors will have their limited partnership interests redeemed by the fund for cash. Alternatively, investors may ask for a redemption of Retrophin shares, or a combination of Retrophin shares and cash.” Contrary to SHKRELI’s representations: (i) the MSMB Capital investors who invested in 2009 had lost their investments, not “doubled their money net of fees”; and (ii) SHKRELI had not yet fulfilled a redemption request by Investor 1, who had made the request in or about November 2011.