It was a long time coming, and it's not a long enough sentence

I'm just going to repost something I posted December 17, 2015, along with an update from today's news.  Here's the original post:

A boyish drug company entrepreneur, who rocketed to infamy by jacking up the price of a life-saving pill from $13.50 to $750, was arrested by federal agents at his Manhattan home early Thursday morning on securities fraud related to a firm he founded.

Martin Shkreli, 32, ignited a firestorm over drug prices in September and became a symbol of defiant greed. The federal case against him has nothing to do with pharmaceutical costs, however. Prosecutors in Brooklyn charged him with illegally taking stock from Retrophin Inc., a biotechnology firm he started in 2011, and using it to pay off debts from unrelated business dealings. He was later ousted from the company, where he’d been chief executive officer, and sued by its board.

[...]

[Retrophin] alleged in a complaint filed in Manhattan federal court that, through a disastrous trade with Merrill Lynch in 2011, Shkreli cost MSMB more than $7 million, leaving it virtually bankrupt.

Retrophin also asserts that Shkreli entered into payoff agreements with as many as 10 MSMB investors who lost money when the hedge fund became insolvent. Shkreli paid some investors through fake consulting agreements and others through unauthorized appropriations of stock and cash, the company alleged.

  Bloomberg

Because nobody cares if you're greedy on behalf of either yourself or your company. Just don't fuck with the company's money or attract the attention of the feds.

Shkreli spoke cavalierly of the company’s lawsuit, saying, “The $65 million Retrophin wants from me would not dent me. I feel great. I’m licking my chops over the suits I’m going to file against them.”

[...]

At a Forbes summit in New York this month, wearing a hooded sweatshirt, he said if he could have done it over, “I probably would have raised the price higher,” adding, “my investors expect me to maximize profits.”

Yes. Yes, they do.

And the title of this article clearly indicates the problem. It wasn't price gouging - that only earned Shkreli disdain,

Price gouge sick people and the general public all you want. But don't fuck with the company's profits or the feds.

...but hey, do what you want...you will anyway.

UPDATE 12/18:  (click pic for story)

UPDATE 3/9:

I bet he's not licking his chops now.






Which is less than half the markup percentage he put on Daraprim.


FURTHER UPDATE:

Shkreli cried as he told the judge that he made many mistakes and he apologized to investors.

  AP News

Awwwwww. He cried.

Shkreli became notorious for raising the price of a life-saving drug by 5,000 percent and trolling critics online. But he was convicted in a separate securities fraud case.

[...]

Prosecutors want him sentenced to 15 years in prison, while his defense attorney argued he only deserves 18 months because his investors in two failed hedge funds got their money back.

[...]

His attorney argued that he deserved 18 months or less and shouldn’t be punished for being outspoken.

He's fucking lucky he's only being punished for screwing his invesors and not being punished for destroying people's lives.

Shkreli had been free on bail until a judge jailed him for offering a $5,000 bounty to anyone who could get a lock of Hillary Clinton’s hair last year.

Christ, he's a nut case.

He says he hopes to get a chance to make amends and learn from his mistakes.

Yeah, right.

He remains in custody.

Good.

UPDATE 3/11:

Precisely.