Martin Shkreli GUILTY! Facing 20 Years In Prison!
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- čas přidán 3. 08. 2017
- "Pharma Bro" Martin Shkreli is heading to prison for up to 20 years! Ana Kasparian, Brett Erlich and Aida Rodriguez discuss on The Young Turks. Brought to you by An Inconvenient Sequel inconvenientsequel.com/action
Read more here: www.nytimes.com/2017/08/04/bu...
"Martin Shkreli, accused of defrauding his hedge fund investors and a pharmaceutical company, was convicted on three of eight counts on Friday, after a five-week trial in the Federal District Court in Brooklyn.
Mr. Shkreli was convicted of securities fraud in connection with his hedge fund MSMB Capital; of securities fraud in connection with another hedge fund he ran, MSMB Healthcare; and of conspiracy to commit securities fraud, related to a scheme in which he tried to secretly control a huge portion of shares of Retrophin, a drug company he started.
He faces up to 20 years on each of the first two counts, and up to five years on the final count.
The conviction, even as a mixed verdict, was a major defeat for the divisive Mr. Shkreli, who said before the trial that he was “so innocent” that the judge, jury and prosecutors would apologize to him afterward.”*
Hosts: Ana Kasparian, Aida Rodriguez, Brett Erlich
Cast: Ana Kasparian, Aida Rodriguez, Brett Erlich
***
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Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. A young person who rebels against authority or societal expectations.(American Heritage Dictionary)
Screwing over poor people? Not guilty. Screwing over rich people? 20 years in jail!
True. But it's a start. :-)
Don't forget he's not going down for gouging prices and costing the lives of poor people, he's going down for disrespecting the rich.
Scott Cox Of course. Everybody knows you can do whatever you like to poor people
Does TYT purposely NOT do research on a story before reporting on it?
i doubt any of them can even use the internet
Elephantricity research is not in a liberal's vocabulary.
A liberals education consists of opening your mouth, having your liberal professor/media shit in your mouth until you're full of shit. Then every time you open your mouth you spew shit, every time you listen to a logical argument it sounds like shit, every time you read an opposing fact or different view point; it appears as shit.
So he gets sent to prison for endangering profits, but not for endangering the health and lives of people... yay justice
He broke the only rule that rich people can't break: Don't rob other rich people. Ask Bernie Madoff.
True dat.
Rather than being a display of justice to me it just reveals how class oriented the justice system is. Gouging the poor by holding a gun to their heads is not a problem but lying to the rich is worthy of a 20 year jail sentence.
If you read sentencing guidelines, he faces more like 1 to 6 months. Up to 20 years would be if all the counts were returned with a guilty verdict. Only 3 of counts were given a guilty verdict. The remaining 3 were the weakest of the charges too.
So a pound of weed is 20 plus years................ but ripping people off and lying to aids patients doesn't draw any charges.......... America don't you love our laws.
Andrew Flood your not allowed to have common sense --- it's illegal around these parts!
Malaikatrendy You're damn right.
Andrew Flood hes prob going to jail for 6 or not at all months the 3 charges he was guilty of are nothing but conspiracy and intent. Also all his investors made around 300 percent profit which is insane.
Nick Buckets That's why I'm afraid he won't get a single charge, when the powerful make thier quotata's they have no reason to imprison the man that's making them that money.
Andrew Flood bro i think you need to look into martin shkreli more and other things about him he didnt commit fraud lol all his investors made 300% back in returns one lady reported giving him 300k and now has 2.6 million. No one lost their money hes being attacked from the government for political agenda reasons
Increase his prison sentence by 5,000% for no reason.
Please educate yourself. It is so sad watching you idiots make a fool of yourself.. if you think there was "no reason" you are just so stupid I dont know how you will ever amount to anything other than a garbage man.
I'm a young African-American male who turned 24 on the 24th of July and found out 3 weeks prior that I am hiv-positive. First thing that popped into my head when I found out was "am I going to die"? ... If people like this continue to try and gouge people like me then the answer is yes, yes I am going to die. I'm scared, not only because of my condition but because people like this are coming for me, coming for my life. & Shout out to the Hispanic woman who spoke up about her hiv-positive friend which prompted me to post it the first place.
Steal from the rich and they will throw you in jail. Steal from the poor and its no big deal.
This is the first case in history where someone was convicted of securities fraud and also made no money while his/her investors didn't lose any money. Let that sink in.
for fucks sake how long are they gonna get this story wrong
So he gets convicted for ripping off investors, who are likely rich, but not knowingly ripping off people who are not so wealthy? Welcome to capitalism.
How did he rip of people who aren't wealthy? And he did not get convicted of ripping off investors. He beat 5 of the 8 counts he was charged for.
hungfao He didn't rip of poor people. He raised prices on the Drug companies not the poor
hungfao : Exactly. I think the jury may have had a hard time finding the crime in the price gouging. Maybe they think the market should determine price. I say we need laws to prevent this crap from happening, but we have Republicans in all 3 branches, and they don't care at all.
20 years for fraud but only 2.5 for assisted suicide. Guess we see what we care about.
funny how he didnt go to jail for screwing up poor people, he went to jail for lying to rich people.
so the lesson you should learn kid, get rich off scrwing off the poor but be cautious about how u attempt to screw over the 1 percent.
Of course Shkreli's being sent to prison: his victims were rich people. That's why Madoff got sentenced to prison: his victims were rich people.
profd65 his "victims" made 300% of their returns i would love to be scammed by him then
+Nick Buckets come up with a new comment he's a scumbag and so are you!... if you are defending him
Matt Tallman lmao hes a beast
+Nick Buckets no he's a b**** not a beast more importantly a prison b****LOL
Its the classic story of a white collar criminal losing to white collar criminals.
Notice how it wasn't until rich people's money is effected.
Screw over the poor, nothing happens. Screw over the rich, you go to jail.
That's the American justice system.
so letting people die because their medicine is no longer affordable is fine !!!... but cheating a rich investor is a big no no !!!!
Hey, if you can't get them for murder or racketeering at least you can get them for tax evasion.
Enigma ___ Martin never let anyone die. You can't even prove it cause it never happened. He only raised priced for drug companies
Never happened. No one died because of it. Martin had plenty of hangouts with people like you explaining how all of this works.
no one died YET because people paid the $30 per pill instead of $1.5 ....but how long you think they will ... I am glad no one died. I hope you will pay $100 / pill for any medicine you may need since you are defending his action
He already explained that the people that can't afford it are not paying 30$...
AS USUAL: Ripping off average consumers is no problem. Ripping off filthy rich investors WILL GET YOU IN TROUBLE.
The drug affects a few thousand people, is covered by insurance and is offered for free on the drugs website.
Not guilty on 5 counts; 0-6 months incarceration.
Specter Ranger if even any at all
6months is he even going to do that?ppl dont give a shit these days.basically if you have money you can do whatever you want thats the message here
neos9898 not at all federally for the accounts hes charged for its 0-6 months. If he was charged with all counts it'd be 20 years it's not like he's serving less due to his money
If you don't commit any major felony you won't go to jail, that's the message.
he didn't get convicted for something that would harm poor people but he did for something that would harm the rich.
katra explain?
Securities fraud; white collar crime.
What he's infamous for, the drug price hikes, weren't illegal. We can't jail people for be dickheads.
Unfortunately he wasn't charged with screwing-over the little people who desperately needed the drugs his company produced.... He was only charged with screwing-over other rich people. :(
So he didn't get in trouble for robbing poor people, he got in trouble for robbing rich people
Shkreli: 20 years? I thought it was 4 years. Judge: The amount of years suddenly went up.
LOL!!! If only!!
This shows that defrauding the rich is considered more serious by the legal system then unnecessarily pricing poor and average income people out of their ability to survive.
Of course not. Because billionaires effectively make the laws. There obviously should be a limit for markups of necessary medicine.
Only about 2000 people need the medicine he provides in the US. Shkreli repeatedly challenged his opponents to find one person negatively affected by the difference in pricing, all of them failed, because those people do not exist.
Shkreli will walk away with under 1-6 months, he said it the other day on the podcast. You guys are terrible.
Kevin Montrond TFW a criminal is more trustworthy than The Young Turks (TYT). Thank you for showing that TYT is a joke.
Kevin Montrond man you gotta be a troll with that dumb ass banned pepe lmao
Pixel Gate Oh man! You served this fool some knowledge. *high five*
Guy rips off Wall Street = Bad
Wall Street ripping off everyone else = Okay
Didn't he get the memo? You never steal from the rich. You steal from the poor for the benefit of the rich.
Everyone here is super ignorant
His mistake was shafting the investors. Shafting the middle class by increasing a drug some need to literally live, is legal.
Robert Doherty needs to be illegal
Robert Doherty lmao he quadrupled their money
Guess his white privilege card had insufficient funds...😂
To say that he's "facing 20 years" is misleading. He was only found guilty on 3 of the charges, those being the less serious offenses. He will not do 20 years and there's a high chance he'll do 0 years
Also, the narrative that you push in the beginning of the video about how he "raided" Retrophin to pay off MSMB investors was one of the charges that was shot down by the jury
You are right 0-6 months most likely
When you hate a person enough, objectivity goes out the window.
His biggest mistake was targeting the rich with his scheme instead of the poor. Taking advantage of the powerless is virtually risk-free.
also stupid to make big pharma look heartless.
0-6 months if anything. Your hate is unbearable as well as the click-bait. Plenty of people have told youngturks to learn economics... Get on it.
So it is legal to raise drug prices 5500%, making life-saving drugs unaffordable for many Americans, yet when investors are spited, the law comes down hard? How can that not be described as oligarchy? The rich live by a different set of laws than the rest of us. It's time we change that.
Tim D'Egidio the drug cost 1 dollar per pill Now IT costs 550 dollars per pill... and the price has only Been changed in america. Not only that but the people affected with the neuronal brain diesease of Which this drug affects is less than 2400.... 99% of Which have Health insurance.
Tim D'Egidio and this is no life saving drug... the drug does alot of damage to neuronal brain tidsue
Then buy a battle rifle, cause that's what it will boil down to. If you think the establishment is going down without a fight, you're delusional.
This criminal case is about shareholders being ripped off, not patients using the drug. The court would be ok with the 7500% increase if he shared it properly with his shareholders.
the US legal system is still broken.
What are you talking about? He's being charged with security and wire fraud for a so-called Ponzi scheme, it has nothing to do with Daraprim. Besides, nobody couldn't use the drug and all his investors were paid more than they were promised.
He is only facing 0-6 months. Should probably check into what you're talking about..
With a face like that he might get beat to death in a white collar prison.
by 20 years you mean 0-6 months?
Not guilty on 5 counts; 0-6 months incarceration.
martin shkreli is not a bad person, he has helped red pill many people. he is cool
Looking at the thumbnail for the video, he's so unrecognizable without his smug little smile.
Ripping off the sick for care is ok.
Ripping off investors is bad.
he didnt rip off the sick, he gave the drug away for free to people without insurance.
So Charging extra high prices to those who can afford it is ok? The insurance company that payed those inflated rates pass the cost on to who? Martin is a regular saint.
Convicted for fraud and not extortion and price gouging. Welcome to America.
Ben Shapiro would call him a great Capitalist.
The judge should sentence him to release the Wu-Tang album.
He's not a sociopath, they're usually charming and have some awareness but they just don't care. He's a malignant narcissist, no self-awareness, an overblown opinion of himself and contempt for people in general.
i dont think you know what a ponzi scheme is anna, what martin did was totally different. i was reporting false revenue from his own company retrophin as the returns within the company.
So he only went to jail because he scammed rich guys?
Yep. And since the investment sum is in the $millions and he makes out with plenty of green win or lose then it is a more serious crime. Even more serious than the cigarettes and booze service you ran back in high school.
Nobody pays that much for the medicine, he jacked the price up because medical insurance pays for it, the reality is people only actually pay like $5 for it
oh sh someone smart on a TYT video? No way!
Insurance doesn't always pay for medication. They also don't generally pay for a medication that's thousands of dollars a pill, dropping it to $5 for the consumer. His price increase did in fact affect the people that needed the medication. That's the bottom line.
Sam Brown
Let's find out how qualified you are to speak about this. Name the top two pharmaceutical companies and insurance companies in the nation without looking it up. It's important that you don't look it up before you tell us as we all know you didn't look anything up before spouting your opinion.
At least this didn't cause my insurance rates to go up...
Oh wait it did, and I don't even have a need for this drug.
Bors de Ganys What kind of test is that lol you could name like 6 off of TV adds alone. Both the insurance and the pharma advertises A LOT. Pharma's quite significant in the stock matket so anyone who knows 2c about trading could name 2
He's just a scapegoat.He's not responsible for americans voting for decades o mess up their healthcare.
He can share a cell with Trump.
his interviews a few years ago made him seem like a nice polite but misunderstood man. Looks like a psychopath all the way through.
I guess that when the mask slips its hard to get it back on again.
Will serve a fraction of the sentence in a private cell that looks more like a hotel room, I am sure.
The problem with greed is that it knows no limits.
There's no way he'll even remotely get that kind of time. A corrupt system wouldn't punish someone like that in a significant amount
So if he gets 20 years.... who gets his one of a kind Wu Tang album?
He isn't getting 20 years, the judge said he would use SIGNIFICANT discretion when sentencing him, because in reality he was found not guilty of the major allegations against him. The max penalty would be 20 years, there is a very real possibility he won't receive any jail time.
Adam Gerson I don't care how much time he gets.. I want that Wu Tang album lol
Adam Gerson I wonder how many people on the jury has HIV or knows someone with HIV. After all that grandstanding and showing off; he was screwed from jump. 😂
you guys are really unprofessional and a bit radical
Because they don't like Martin Shrekli?
did you mark the other guys comments as spam because they disagreed with you? That's straight up censorship dude
no because they insult him and their use of language and their research is overall lacking and unprofessional. Their views are also extreme-left
Remember that study that said CEO's are higher on the psychopathy scale then inmates?
Freddy Looger now This CEO can be an inmate 😂
"My friend takes his drug"
Martin saved his life, then. Otherwise the drug would have ceased production
Oh, please. They don't need the ludicrous prices in order for production to continue. Production only requires that there be SOME profit, not obscene amounts of it. Nay, what calls for such insane prices are bonuses handed out to executives.
NightChime ok facts and sources pls that bonuses were handed to executives due to the increase in price? No ok then why don't you understand it's not just production, which does cost a lot but I don't know the exact numbers so don't quote me, it's also researching for the drug testing the drug also not to mention taxes which are taken out when all is said and done. With there only being about 7000 ppl who need that drug the price has to go up to only break even. He never made profit for the first few years and they're researching better drugs to replace it. Also no one that needed the drug didn't get it
+Tropicool
You spelled your name incorrectly. There should be an F in place of the C.
deathvalleyjoyride why u gotta be so rude
Oh and, I don't care if it's 6 months or 6 years. This piece of shit is still going to prison. PRISON!
I've made sure to obey the laws of this country so that I DON'T go to prison. Prison is for losers like Martin.
I hadn't really understood the meaing of the English word "punchable" until I watched this guy's interviews
He won't spend a day in prison. The guy is a scum bag, but like others have said here, he has too many rich lawyers to spend even a second in prison. And he will happily skip away to continue to make his billions.
You fools. He's facing 0-6 months.
What irony if he came down with HIV as a result of being in prison and couldn’t afford his own drug.
Why are we obsessed with Skerli jacking up prices on drugs? There are MANY CEOs of drug companies that were doing that for many years...
Reggie White I think it's because he's an openly terrible person and has done the largest raises as of late
Nobody will take you seriously when you open with talking about him by saying you want to punch him. Honestly like I used to like TYT when I was younger but now you guys seen so cringey and biased.
the young turds
NOOO, he was my hero, man! That I too could one day rise up to become a price gouging CEO within Big Pharma, using the life's blood of the desperately ill to cover the money I stole from my old business partners: can it be that this dream is dead?!
He deserves it. One should not be able to raise prices by 100%, much less 5500%, and get away with it.
That's not why he's going to prison.
CNVideos You idiot he raised the prices for drug companies
I think it sucks that this guy who worked so hard to cause suffering, got busted for financial bullshit. This shows what we, as a society, care about.
... and whole suffered because of him?
and who suffered because of him?
Let's talk about the real problem, we need that wu tang album free for everyone.
Buy it.
Martin there's only one question left to be answered. Are you a syrup or jelly bro?
The man is to craven I'm amazed that he doesn't straight up have yellow sith eyes! the dark side energy he's drawing upon must be so potent even Palpatine would be like, whoa dude! you've gone too far!
All about the MONEY not human life
ok that cenk intro gets a bit annoying...can you at least keep these to like 10 seconds???
I think he's being used as a scapegoat. There are bigger fish to fry.
Go on his youtube channel in a video 12 hours ago where he was discussing the stock markets he says he threw a party with his friends as the max they can give him is a 6 month sentence they got the story wrong he was acquitted of all but 3 of the 8 charges. and the charges where misleading investors that made them 2.5 times their money from their investment so most likely 2 months and he's out.
Very true. They're trying to take the spotlight off of their corrupt industry so that the can screw people without the news headlines.
FREE MY NIGGA MARTIN SHKRELI Cx
Wrong , what, what he was acquitted on that charge. stupid ,and useless .
There isn't a sentence long enough for him. He is a younger version of Donald Trump. A sociopath and utter weasel. I wonder how that smug grin is going to in prison. Oz would be a great place for this guy.
You should watch his interview. He appears to be totally unable to help being an unbearable person, but isn't as evil as he seems on the surface. If you care to humor an opposing point of view anyway.
Couldn't happen to a nicer bloke.
Do you think the judge can force him to forefeit the WuTang album???? One can only dream :-)
Nothing happened till he effed some rich people. Of course!
He isn't going to jail for price-gouging needed medicine. He's going to jail for lying to rich people about their money. This is America. Get it together, people.
true, these days nothing is criminal unless if it's the elite being affected
When you opened up with great news I literally thought it was that this guy was going to jail
Lock it up, lock it up, lock it up. Uuuurgh, that thing disgusts me. There is karma.
He isn't guilty for jacking up the price of a life saving medicine, he's guilty for defrauding rich investors.
That's about how much justice was actually served.
Sigh...
Just goes to show who these laws were meant to protect
Price gouging under capitalism is acceptable in US healthcare. To counter it you have to admit that people in positions of ownership DO NOT have the right to set prices as they please.
Shkreli said himself on the H3 podcast that he facing 0-6 months and probably none lol what a joke of a channel
MLB Edits Yup. No need to investigate or do any research....yup lets just have a bullshit click-bait title.
I also heard the Flint politicians say that the water in Flint was safe to drink in an interview so then I went to Flint and drank the water. Now I'm dead.
Kevin Montrond lmao yeah it's funny. I'll come back to you in the future
LOCK HIM UP!
Lol...Malcom X did not come up with the quote "chickens coming home to roost". It goes back to a poem from the 19th century: www.phrases.org.uk/meanings/chickens-come-home-to-roost.html
Chris Ducat okay you happy?
BUT WHAT WILL HAPPEN TO THE WU-TANG ALBUM? 😭
Antibyte_OS THE WORLD MUST HEAR IT!!!
Burn it!
He played a bit of it on his livestream yesterday
He sent it to H3 and he's only facing 0-6 months anyways
I see plenty of jail beat downs for this guy.
In the chess interview the first thing Martin Shkreli does is awkwardly remember “which ones” teased him in school for liking stocks, implying, “Look at me now, I’m rich bitches.”
Yeah well they aren’t in jail.
L. Spiro oh
He's not going to do any time. He'll get probation.
I have heard that people who invested with Shkreli actually MADE money, some doubling or tripling it, so it is unlikely he will face any jail terms.
Correct, this is nothing like Madoff or a ponzi scheme, His investors didnt lose anythind, just like the whole drug hike hysteria nonsense.. Where are the victims again?? oh yeah, THERE AREN'T ANY.
Hope he gets the full 20 just for raising the price of a life saving drug but he's a young rich white guy so he won't.
dodopoopinpoop I guess you didn't listen, he gets 20 years for fraud not because of the price raising, he stole money from investors
Damaskilo No I did listen I meant I hope they give him 20 because he deserves it just for his horrendous price gouging. It doesn't matter the reason.
It's incredibly disgusting how people continue to treat Martin.
CLICKBAIT.
0-6 months maximum.
And 50/50 chance of that even happening.
Looks like this dude is a weirdo and sheister but Shkreli's reasoning for the price rise of daraprim - FOR INSTITUTIONS ONLY was actually a very rational business decision that was allowing his company to attempt to develop a superior and safer drug in its place- daraprim has horrible potential side effects. He was providing daraprim COMPLETELY FREE OF CHARGE for anybody who asked for it personally by making contact with the company.
Malligrub 1 thank for saying that
$20 Says he gets 10 in probation and 2 at house arrest.