r/news Jan 14 '22 Silver 19 Gold 1 Helpful 19 Wholesome 18 Evil Cackle 3

Shkreli ordered to return $64M, is barred from drug industry

https://apnews.com/article/martin-shkreli-daraprim-profits-fb77aee9ed155f9a74204cfb13fc1130
54.9k Upvotes

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6.2k

u/Helphaer Jan 14 '22 Silver Gold Wholesome

Don't forget too easily that while this guy is a good poster boy for bad behavior, he is the convenient scapegoat that everyone can point to as a distraction from their own issues.

1.8k

u/PrehistoricDawg69420 Jan 14 '22

He's the face of what everyone else is doing.

808

u/jml011 Jan 14 '22 Wholesome

Hoarding the only copy of unreleased Wu Tang clan albums?

268

u/righttoplay Jan 14 '22

It was auctioned off and now belongs to the PleasrDAO group

113

u/BraveFencerMusashi Jan 14 '22

Who is working with GameStop and Loopring on something

69

u/Loverboy_91 Jan 15 '22

Something something ape tits jacked something.

6

u/youdubdub Jan 15 '22

Don’t you dare besmirch ape tits or their droopy name! I cry foul!

4

u/dubadub Jan 15 '22

Bad form, bad form. Get those tits jacked back in shape, pronto!

2

u/youdubdub Jan 15 '22

I approve of your username, u/dubadub

4

u/MushroomAddict920 Jan 15 '22

Lol wow this simulation is getting strange....I want to go with dfv back to the future

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14

u/lowteq Jan 14 '22 edited Jan 15 '22

This is the kind of positive news I was looking for!

Edit: seems like the dudes that bought it are cut from the same cloth. Womp womp.

14

u/StrangeShark408 Jan 15 '22

It's only positive if these dipshit NFT bros release it for the public. Anything short of that, fuck em.

4

u/RamenJunkie Jan 15 '22

They will release it in 5 second snippets as NFTs for $50,000 each and make bank.

3

u/bizzaro321 Jan 15 '22

Cool, a digital pirate would splice those together for the normal people who want to hear the album and some NFT jackasses will lose money.

1

u/mollila Jan 15 '22

The original sale has clauses preventing monetization for, was it about 100 years.

3

u/heyuwittheprettyface Jan 15 '22

TBH if they try to turn a profit by making it into something like the drawn NFTs where anyone can download the content without being the ‘owner’, I would be 100% be down with that.

26

u/OffNos Jan 15 '22

Nah they're a shitty NFT group looking to profit off it. It went from one shithead owning it to some different shitheads owning it.

85

u/ittozziloP Jan 14 '22

The original NFT

8

u/MethodicMarshal Jan 15 '22

the only one with value

-2

u/Main_Store_9112 Jan 14 '22

It's only a model.

11

u/Discreet_Deviancy Jan 14 '22

Think that album is worth about $64M to someone?

5

u/CriticoolHit Jan 14 '22 edited Jan 14 '22

I can nearly guarantee it's worth much much more to several others.

Whether they can afford to pay for that assigned value or not is another issue entirely lol.

EDIT: Weird thing to downvote but ok. Being stupid isn't a crime.

22

u/Viator_ Jan 14 '22

AFAIK it's not even a real album. It's just random verses that were recorded, not used, and then thrown over beats. They didn't go and make this album as a group without ever releasing it. Some producer or engineer spliced it together.

19

u/CriticoolHit Jan 14 '22

Yeah but fans go absolute bonkers for that never-released stuff. Even if it's bad (sometimes especially if it's bad). They just want to hear it all.

5

u/CbVdD Jan 14 '22

Wu Banga B-sides and remixes

2

u/Obi_Wan_Benobi Jan 15 '22

I used to collect Nirvana bootlegs when I was younger and yeah I wanted everything. I mean, as a community we wanted everything, and did anything we could to surface it all (some still are: www.livenirvana.com).

Although you’re also a little more desperate when the artist doesn’t exist anymore. Not sure how it is with other scenes, Nirvana is pretty much the only one I got that far into.

5

u/StrangeShark408 Jan 15 '22

some producer or engineer

Better put some respeck on tha gods name, RZA.

3

u/[deleted] Jan 15 '22

It’s not RZA he’s talking about. It’s Cilvaringz or however you spell it. The clan didn’t come together for an album. They talk about it in one of their documentaries. Maybe ‘Of Mics and Men’.

12

u/slingbladegenetics Jan 15 '22

As much as I love Wu-tang, I hate to tell you they ran out of material a long time ago. I’m sure we’re not missing anything.

1

u/Cant_Do_This12 Jan 15 '22

Lol the fact they only released one copy is their fault. I love Wu-Tang, but that was a dick move.

1

u/jml011 Jan 15 '22

I mean, agreed, but every owner of the album has thus made the conscious decision to not release it (partially to preserve their investment but also for a misguided sense of pride in exclusivity) and are therefore also dicks.

0

u/Smokester_ Jan 15 '22

Wu Tang is for the children

429

u/ImpossibleParfait Jan 14 '22 edited Jan 14 '22 Gold

His problem was simply that he wasn't part of the club. The big market players all do what he did.

205

u/Ph0X Jan 14 '22

Nah, the problem is that he craved attention, streamed and showed off publicly. Most people who do shit like this stay behind 10 layers of corporate structures and keep away from the light.

33

u/Helenium_autumnale Jan 15 '22

It's LLCs all the way down...

44

u/TyrannoROARus Jan 14 '22 edited Jan 14 '22

His problem was simply that he wasn't part of the club

Wrong. His problem was being an unashamed asshole. People act like hating this guy is a distraction. No he's just the pimple with the most obvious head.

11

u/Shillforbigusername Jan 15 '22

I think you’re misunderstanding the point. It’s not that anyone’s suggesting he did nothing wrong. They’re saying he was singled out amongst all the other douchebag crooks just like him that have often done the same horrible things on a grander scale because he’s not important enough to get the protection.

Other companies that do this kind of stuff systematically (like Valiant, for instance) just get a stern talking to by Congress - if that - then go about their business as usual.

-4

u/TyrannoROARus Jan 15 '22

They’re saying he was singled out amongst all the other douchebag crooks just like him that have often done the same horrible things on a grander scale because he’s not important enough to get the protection.

He was literally in the damn club what are you talking about?

He got kicked out of the club because turns out being evil AND pompous is a bridge too far

4

u/Shillforbigusername Jan 15 '22

Shkrelli was a little fish. He was not one of them. Just big enough to warrant attention, not big enough to have real influence where it mattered. Yes, being pompous helped put the target there, but nothing the original commenter you replied to said was wrong. If you think the only thing stopping the government from going after the major players on Wall Street is their attitude, I don’t know what to tell you. Seems pretty pompous to me anyways to just keep on doing business as usual after being dragged into Congress and dressed down or having to pay out large settlements, but they don’t put see jail time.

-3

u/TyrannoROARus Jan 15 '22

Well we can agree on one thing, he is a "little" fish. Guy can't be more than 5'8"

And the people here who are caught up with the systemic problems-- I agree.

There are issues and we should filet all the bastards starting with Shkreli (figuratively speaking).

1

u/Shillforbigusername Jan 15 '22

Shoulda just stayed in his Hobbit hole.

2

u/TyrannoROARus Jan 15 '22

He was so rich and all he had to do was stick to his business, now he's public enemy number 1

1

u/IttyBittyTittyMouse Jan 15 '22

Which is what he was trying to do. Instead of getting mad at pimples, we need to focus on all the greasy food and unwashed pillowcases in government that causes the zits!!!

4

u/RevieweiveR Jan 15 '22

unwashed pillow cases? that's new to me. I wash my bedding very frequently but didn't think of it like a grease sponge for my face until now.

2

u/IttyBittyTittyMouse Jan 15 '22

For sure it is! I had pretty bad acne and a fresh pillowcase every night helped me get rid of it.

2

u/TyrannoROARus Jan 15 '22

Which is what he was trying to do.

What are you even talking about here

2

u/IttyBittyTittyMouse Jan 15 '22

I think he was trolling

2

u/TyrannoROARus Jan 15 '22

At a certain point, trolling becomes who you are

2

u/IttyBittyTittyMouse Jan 15 '22

Ultimately YUP. He made a show of it and it pissed people off.

2

u/Dads101 Jan 15 '22

I disagree. He didn’t play by the rules. The real problem is he didn’t shut his fucking mouth. You’re literally rich off other peoples suffering. You are selling medicine for Christ sake.

The whole pharmaceutical industry went after this dude with the might of the oligarchs. It’s okay to be wealthy in this country and take advantage of others. But you don’t bring attention to yourself while doing it. Every rich person knows this unspoken rule.

Driving your luxury/super car is how you flex. You don’t say shit online or to the news etc. If he had just kept his head down and his ego in check we wouldn’t even know this guy exists

34

u/[deleted] Jan 14 '22

[removed] — view removed comment

4

u/MultiRachel Jan 14 '22

He is the reason most people know that term hahaha

2

u/[deleted] Jan 15 '22

[deleted]

2

u/MultiRachel Jan 15 '22

Yes but ajit was after, no?

1

u/ericlarsen2 Jan 15 '22

Ajit was after pie. Damn fat kids

2

u/ericlarsen2 Jan 15 '22

Oh man, fuck you, I forgot all about his idiot face! Ugh that guy is litterally (figuratively) the worst!

1

u/[deleted] Jan 14 '22

[deleted]

1

u/jedi-son Jan 14 '22

He's the face of, "wherever there is a loophole there is a piece of shit to exploit it". Patch the loopholes. There will always be pieces of shit.

1

u/comradecosmetics Jan 14 '22

They only went after him because he was vocal about the practices of the pharmaceutical industry. They made an example out of him, nothing to do with justice. Other pharmaceutical and medical device companies have knowingly put products out there and kept them out there with internal data showing it was injuring/killing people and no one gets charged.

1

u/dray1214 Jan 15 '22

He’s a humongous part of it and the biggest culprit. Certainly way more justice needs to be done, but this was a huge score.

1

u/realSatanAMA Jan 15 '22

The issue is that they are going to punish him to make it look like they are doing something while letting hundreds of other drug industry people keep doing the same thing.

1

u/TerryFGM Jan 15 '22

tbh id never do anyone with that face

1

u/drdfrster64 Jan 15 '22

I remember at the height of his infamy, other pharma companies were using him as an example of bad behavior. They tried to call him out and criticize him as advertisement. Every time they did, someone on Twitter was quick to post an article directly citing them for doing the same bullshit. It was unbelievable.

1

u/am0x Jan 15 '22

Is t that what he said he was doing to begin with? He was blatantly cheating the system to show how they all do it.

108

u/the_cnara Jan 14 '22

Thank you. He’s the fall guy they’re hoping to throw at us so we don’t go after the rest of them. Keep prosecuting.

10

u/weakhamstrings Jan 15 '22

Prosecuting individuals - no matter how many - is the whole "fall guy".

Changing the system is what's necessary. The same system will produce the same kinds of people again and again and again.

Get as many as you want. It'll be like stepping on individual ants thinking you'll affect the colony producing them.

2

u/the_cnara Jan 15 '22

Good point

234

u/TinyGoldCharm Jan 14 '22

Exactly. This guy is the scapegoat for Big Pharma, who are sliding by doing the same thing unnoticed. And they love it.

3

u/siggy940 Jan 15 '22

No got what was coming to him. It should have been more punishment. A narcissist arrogant POS

0

u/[deleted] Jan 15 '22

[deleted]

5

u/Cannabalabadingdong Jan 15 '22

Yeah, you're papering over a convict's guilty verdict but that poster is the idiot. Scapegoat my ass, your post is nothing more than apologizing for an idiot criminal.

2

u/Altruistic-Can-2685 Jan 15 '22

I have a genuine question, before I ask I know he is guilty and should have been sent to jail, but what do YOU think he did to get sent there and what is it about him that makes you hate him so much.

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-44

u/myhipsi Jan 14 '22

Especially now since the left loves big pharma.

23

u/wholetyouinhere Jan 14 '22

Okay so check this out -- fuck off

25

u/kaeldrakkel Jan 14 '22

What a stupid, uninformed, ignorant comment.

19

u/Nomandate Jan 14 '22

trans women are women They're most definitely not, no matter how much you and other delusional people think so.

I’m sure you’ll not be surprised by post history, lol.

-29

u/myhipsi Jan 14 '22

The left traditionally took the role of the checking big pharma but since the Covid and the introduction of mRNA vaccines it seems the left have embraced Pfizer et al like they're the next coming of christ.

19

u/Original-Aerie8 Jan 14 '22 edited Jan 14 '22

You are confusing different approaches to critical thinking, because you don't understand how people came to these conclusions. Antivax was never limited to a political side, which is illustrated by the fact that 85% of Americans over the age of 18 are vaccinated. The people who rely on studies and verifiable facts now usually did the same in the past and have not magically jumped the fucking fence.

3

u/ThirdEncounter Jan 14 '22

Don't feed the trolls, peeps.

1

u/Scraskin Jan 15 '22

Oh interesting, so the left just decided to suddenly and entirely change positions on big pharma? What do you think caused such a drastic shift?

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3

u/comebackjoeyjojo Jan 14 '22

If this is true, then what policy initiatives do Republicans propose to rein in Big Pharma’s political influence and wealth-hoarding?

135

u/framk20 Jan 14 '22

Everyone who's done an ounce of research knows his only mistake was going after the rich

-19

u/Pensive_1 Jan 14 '22

Really? I think it was the bit where he committed securities fraud with his buddies - he wasn't jailed for price hiking.

69

u/framk20 Jan 14 '22

wow it's almost like we said literally the same thing! nice input

0

u/eskimoFry Jan 15 '22

Securities fraud - aka screwing with the rich

69

u/sedition666 Jan 14 '22

As much as he is a dick, I can't understand why he is vilified as much as he is. He is small fry in the American healthcare sector.

16

u/Helphaer Jan 14 '22

Because he was public about it like an ass and because the media enhanced that since he was low hanging fruit.

88

u/Perkinz Jan 14 '22

He scammed the .0001% while also trying to limit their ability to pass the costs onto the 99%.

That led to the rich getting their buddies at MSNBC/ABC/CNN/FOX/BBCA/NYT/WaPo/HuffPo/etc to run day-and-night smear-pieces against him front-and-center in order to generate outrage towards him from the kind of people who say "mainstream media propaganda" and mean "fox news and only fox news"

8

u/Late_Advance_8292 Jan 15 '22

I've only heard about him very publicly ripping off regular people. I don't know how he hurt the rich in any way.

8

u/Kumbackkid Jan 15 '22

He took money from them for investments while paying back old investors. It happened to work out in the end where the medical company he got happened to turn a profit once he started charging insurance companies the outrageous price for the drug. From what he claims (I never cared to research heavily) no one without insurance paid that price as long as they bought from his company they’d get it for heavily discounted or free. He was essentially exploiting the insurance companies and went to jail for his misappropriation of investors money.

2

u/Late_Advance_8292 Jan 15 '22

Oh, there you go.

6

u/hear4theDough Jan 15 '22

He wasn't in jail for hurting regular people it was for fucking with rich people's money.

2

u/Fredthefree Jan 15 '22

He scammed big pharma investors to pay back his smaller (but still very rich) investors from his prior failed company. He in my opinion did nothing wrong except be way too public about it and revel in the villain persona. He did a good amount of good (gave away a lot of medicine for the people with extremely rare diseases), but he loved the media attention too much.

7

u/PandaXXL Jan 14 '22

Because he's the one who got media attention after he actively courted it. He deserves to be vilified as much as he is, so do the rest of the people doing the same thing.

10

u/Hedonopoly Jan 14 '22

Dude put a bounty out on HRC's DNA and half of reddit wants to saint the egomaniacal cunt lol.

https://thehill.com/blogs/blog-briefing-room/news/350355-shkreli-apologizes-for-putting-bounty-on-clintons-hair

5

u/sedition666 Jan 14 '22

I think most people agree he is a horrible human being. But it is weird how he was taken down so swiftly when the big pharma happily chugs along till this day not a care in the world.

3

u/GoldenStateWizards Jan 14 '22

Yea, it's less so "this guy didn't deserve this" and moreso "hmm, interesting that he only got in trouble when he tried scamming the rich people 🤔..."

1

u/Bigbewmistaken Jan 15 '22

Because he's just a cunt of a person even without profiteering off medicine?

Like, just watch a video of him.

20

u/RRettig Jan 14 '22

If he wouldn't have been so publicly evil we never would have heard of him. His big mouth cost him everything

-1

u/Snoopdigglet Jan 15 '22

He only increased the price of the drug if it was an insurer that was buying it, if you went to buy it over the counter the price didn't change, "evil" is a bit much.

5

u/Gr8NonSequitur Jan 14 '22

True, but he's got a Wu Tang album and that's nothing to fuck with.

1

u/yzlautum Jan 14 '22

That was sold years ago

2

u/Quick1711 Jan 14 '22

Symptom of a bigger problem

2

u/Geroots Jan 15 '22

Calling him a scapegoat implies that he isn't guilty, he is. And it's an insult to goats.

1

u/Helphaer Jan 15 '22

Scapegoats usually are minor criminals in the grand scheme.

8

u/pomaj46808 Jan 14 '22

His crime was being a dick about it.

1

u/Qubeye Jan 15 '22

Also they only went after him when he committed Securities Fraud. He ripped off rich people and that's when he got into trouble.

Retrophin had patents and jacked up prices for them as early as January 2014. They hiked the prices up for all their patents at that time and at no point did they lower them, even after Shkreli's exit. One of those drugs was sold for ~$1.50 per pill before and immediately went up to $35/pill, and it has no analogue. It's still hovering at $25-30/pill today.

What ultimately happened was Shkreli was skimming company funds and also publicly encouraged (trolled?) the public to short sell his own company's stock, and committed SEC violations, fucking over other investors.

He's a piece of shit but he's barely even in trouble for the actual human harm he caused. He's really just in trouble for stealing from rich people.

1

u/Buzzd-Lightyear Jan 14 '22

And he’s still probably got a fuckload of money left to get rich off of whatever other industry he wants to exploit.

1

u/ASmallTownDJ Jan 14 '22

"What did he do?"

"He made a bunch of money from price gouging medication!"

"But aren't all of you doing that?"

"Well...He shouldn't have bragged about it!"

1

u/TenderfootGungi Jan 14 '22

Did he actually do anything illegal? We hand out monopolies for drug companies and then prohibit the government, the largest buyer of meds, from haggling on price.

1

u/dookieshoes88 Jan 14 '22

He was new money obnoxious. Old money hides because they know they'd be eaten.

1

u/UbbeKent Jan 15 '22

Small fish in a big pond.

-4

u/an_agreeing_dothraki Jan 14 '22

He wasn't even punished for checks notes creating a nightmare hell scenario where people died broke and lone, he was punished when he did a no-no with reach people money.

0

u/ChicagoBoy2011 Jan 15 '22

The truth is he memed and made amazingly obvious something that lots of better dressed and more subtle folks are doing, and the attention he brought to it was heavily unwanted. He’s being made an example of because of that.

1

u/thesaltysquirrel Jan 15 '22

4K people will like it and maybe more. While Gma is draining her life savings

1

u/OppositeFerret9043 Jan 15 '22

Yea but come on let me enjoy it for a minute

1

u/sgtyzi Jan 15 '22

Come on! He was so damn cynical.

1

u/koitart Jan 15 '22

lol I just watched a documentary by „arte“ (a french/german news outlet) about big pharma and this guy was the first they talked about. And after his section one guy literally said what you said. That he is the exactly what the whole industry is

1

u/GigaChadEnergy Jan 15 '22

Yea let's not forget. Not just poster boy but he was glorified a lot on Reddit as this maverick and renegade business man. On many subs he was a hero admired and defended.

1

u/zephyrwastaken Jan 15 '22

Hes not a scapegoat. Hes a pinnacle of the problem and one of the worst examples of it.

That doesnt mean things dont need to change on a larger scale. More people need to be held accountable. But if anything he set precedence and caused awareness and proactiveness rather than a distraction.

1

u/ThucydidesButthurt Jan 15 '22

The dude literally did the same shit every find and drug company already does; he just fucked with rich people which is why he’s in jail and demonized while the others weren’t (he’s obviously a massive shitlord and deserves every minute of jail and more but the real reason he got punished was because he fucked with the power that be)

1

u/GaryChalmers Jan 15 '22

Shkreli is like the Bernie Madoff of the pharmaceutical industry. In Bernie's case it was all the banks doing terrible things but he seems to be the only one punished for it.

1

u/Justforthenuews Jan 15 '22

He played the game the same as all others but purposely didn’t hide it, letting the public see it and not actually fucking them over (look up the discounts he gave to anyone who couldn’t afford the meds). Everyone else in the industry threw him under the bus for shining a spotlight on how it all truly works.

Every time I see any of this stuff about him, I’m reminded how much power the rich and corporate have over regular folk, how easily we’re moved with propaganda (including me, I drank the coolaid about this guy forever until I started reading up on what really happened).

1

u/Shicaca44811 Jan 15 '22

Yes and no he was worse than most. Doesn’t make the rest ok

0

u/throwawayhyperbeam Jan 15 '22

Precisely what I thought.

0

u/Brownie3245 Jan 15 '22

He only went to jail because he said the quiet part out loud.

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