"The contract of sale contains a confidentiality provision that protects information relating to the buyer and price." Wow that sucks, would have been quite interesting to know how the government found a buyer and how much it was sold for.
Well the notoriety of buying it didn't exactly help Shkreli's situation much, did it? If you want wealthy people to take an interest in buying it, it seems sensible.
That would turn off a lot of buyers because it would bring undue attention. Buyers may not know the exact origin of stuff they're buying. A car for instance could formerly have belonged to a person you might not want to run into. A public record of that purchase however would make it a possible target not just for the original owner, but also any rivals he/she may have.
I love how the government dug through the guy's entire life just to find something they could nab him on and straight up destroyed him. That's some G stuff!
Your post was, "Never threaten a Clinton (I anticipate downvotes.. and they'll be reinforcing my position that they're off-limits)". Your position, AKA existing ideas, are "Never threaten a Clinton", and "they're off-limits", implying that they have special and unfair power/treatment in the political and legal world, but specifically with regards to the specific outcome of the specific case of Shkreli. The parent's criticism was in regards to your attitude on downvotes, which makes sense independent of whether your position is justified or true.
I think "I anticipate downvotes" is fine. "If you downvote me I will lean harder into my position" is basically blackmail (admittedly lame and ineffective blackmail), which is why I downvoted it.
I'm a little more strict, and draw the line at pretty much any extraneous assertion that your audience is going to disagree with you. E.g. "Controversial opinion: ...", "The HN crowd will downvote me, but ...", etc. It's an unnecessary injection of negativity, pettily frames one's self as the underdog, and provokes by implying that the people you're addressing are wrong before they've even replied to you. Obviously the internet is largely not a place to give crowds the benefit of the doubt, but it's critical for places with a shred of the expectation of real discussion, like HN.
I wouldn't disagree with the former interpretation, but publicly offering thousands of dollars for something carries a real risk somebody will take you up on the offer.
It's strange because I think if the same $5000/hair offering were made for an average person it would be much more serious. But in my mind someone who is so prominent and guarded by the Secret Service is in virtually no danger from such an outlandish thing. But I do understand how someone would see it the other way and not be comfortable with the risk at all.
First, I think it can be both, and second, it's important to be careful around the common fallacious defense for shitty people where the implication is that they should not be judged or experience certain ramifications (legal or social) because "it's all just trolling", "for the luls", "you can't take what he/she says seriously", "it's your fault for getting offended", etc. There are certainly arguments to be made one way or the other in these cases, but one standout damning feature that's common to a lot of them (including this one) is that of public reception. If you encourage something, all that matters is how likely and severe the consequences of that are, regardless of whether you were "just trolling". If you're a famous and wealthy person with a cult of personality and a politically divided following (or even if you just hit a couple of those notes), it's your responsibility to not offer people thousands of dollars to get hair from your enemies, even under the (conveniently subjective) guise of sarcasm/joking.
I think there are people whose jobs are to determine the appropriate punishment for criminal actions. They might be able to give you a tighter upper bound
The official story was that this was unrelated to the drug price hike controversy. But it makes me wonder if the outcome would had been different had he not gotten all that negative attention in the first place.
Lol, don't wonder too hard. This is a pattern with the feds. If you go out of your way to piss off the public and be a flippant asshole to Congress, you're gonna have a hard time. Long before they announced any charges, I had a conversation with my dad about how the feds were likely to cook something up on this guy.
I don't disagree, but it is my opinion that the nature of financial regulation in the US means that if you own any significant amount of wealth, you reach a level of complexity where you are probably at least unwittingly guilty of a misdemeanor or felony, and few would withstand FBI scrutiny with agents motivated to find something to prosecute you with.
Specifically, I think the law is sufficiently complex that it does allow for a significant degree of arbitrary enforcement.
another way of looking at it is, by successfully prosecuting "The Pharma Bro" and making a big deal out of it, now trust in pharmaceutical megacorporations is higher than ever. not a fan of Shkreli but dude was kind of a fall guy for the rest of his industry.
As much as this guy may deserve it, I don't think we should be celebrating the idea that if the government has an axe to grind with you, they'll find a way to destroy your life.
Oh, does this mean that you're anti-death penalty? White collar crime can exact costs on society close to a Bundy or Gacy type level. Too bad we don't have the death penalty for Corporate crime. Think of what opioids and Purdue Pharma have done to the U.S.
He committed pretty egregious financial crimes. They didn't have to "dig" far.
People do understand that most people aren't hiding major felonies or securities fraud, right? Most of us aren't evading taxes. We aren't running ponzi schemes. We aren't defrauding lenders. You can scrutinize the situation of the vast majority of people and come up with nothing beyond maybe a tag taken off a mattress (har).
Somehow in the (post) Trump era we have loads of people who really, truly believe it is some sort of injustice when people get scrutiny for the crimes they are actually committing.
There's always a logical fallacy in this sort of argument-
a) There are loads of extremely specific laws for various very specific problems. e.g. Taking obsidian from an obsidian flow federal park, for instance.
b) Ergo everyone commits crimes!. We're all criminals, they just selectively choose what to enforce!
b) doesn't follow at all. The vast majority of people will never even be in a situation where it was possible to commit the overwhelming bulk of laws on the book. And that never would regardless.
FWIW, criminals think everyone is a criminal. Tax evaders think it's just normal. Thieves think everyone steals. Etc.
>"Ergo everyone commits crimes!. We're all criminals, they just selectively choose what to enforce!"
I highly recommend watching "Don't Talk to the Police", https://www.youtube.com/watch?v=d-7o9xYp7eE for a different perspective of where the GP is coming from. While it is true the vast majority of the US Code is something that simply won't apply to you (like the obsidian example), there are plenty of laws on the books that are vague and subject to abuse by a motivated prosecutor. One such example is the Computer Fraud and Abuse Act, which is a massive topic in-and-of-itself.
>FWIW, criminals think everyone is a criminal. Tax evaders think it's just normal. Thieves think everyone steals. Etc...
...and law abiding folk think they never break the law.
Ever lent someone money at 0% interest? Did you report it on your taxes? If not, you may technically be guilty of tax evasion.
Ever binned someone else's junk mail? Welcome to mail tampering.
There is a big difference between the law as written and the law as enforced. I guarantee you, if you go looking hard enough, there are some downright stupid laws on the books.
Hell look at mask laws! It was a huge controversy in some places last year because minorities in jurisdictions with historical anti-face covering statutes we're damned if they did, damned if they didn't.
Look at San Fran. The DA won't prosecute shoplifters, yet people walk out stores without paying under the statutory threshold. You going to try to say that the law makes even a lick of sense when you get degenerate circumstances?
Or are you going to take refuge in "Well, only the laws that matter?" If we go down that road it only gets worse.
How about... Mmmm. Jaywalking? Loitering? Noise violations that never got reported? Driving overweight vehicles down a road designed with weight capacity 1 ton less? Using an aerosol not perfectly in accordance with the instructions? Test driven an vehicle you didn't have registered on a public road? Improperly disposed of medication? Thrown a lithium ion battery in the garbage? Travelled with something in a trailer that qualifies as hazmat without getting a placard? Speeding? Had livestock escape, damage something, with no real dramatic outcome? Still infractions. Even if charges aren't pressed.
"Look at San Fran. The DA won't prosecute shoplifters, yet people walk out stores without paying under the statutory threshold. You going to try to say that the law makes even a lick of sense when you get degenerate circumstances?"
Let's just focus on this nugget-
-the DA made no such claim
-the threshold in San Francisco is actually LOWER than Texas. So much was made about that when people were truly clueless about what they claimed
-in reality there are almost no prosecutions because the activist police force simply doesn't bother responding
Police nationwide tend to be pretty far to the right (see the NYPD having a barely above 40% vaccination level right now as a good benchmark of that, which as an aside vaccination should absolutely be a requirement for their job), and they like to intentionally do a really shit job if it achieves their talking points.
The guys rushing into stores and filling garbage bags? Yup, the police should be arresting them. That they don't has nothing to do with the DA.
Responding to "it's surprisingly easy to commit a federal offense" with "FWIW, criminals think everyone is a criminal" can be reasonably interpreted as an ad hominem. If that's not what you meant, what did you mean by that comment?
I wouldn't say it's post-Trump. Online discussion boards have long been home to armchair contrarianism. I will say that these days it's couched in "devil's advocate" and alarmist "your freedom is at stake!" type language.
Or, in this case, temporarily embarrassed hedge fund managers that do not wish to have such a fate befall them.
The "financial crimes" seem to have no victims since none of his investors actually sued him. If he really defrauded them, as the government claims in their successful lawsuit and conviction, then I'm pretty sure they would have sued him also. Why haven't his allegedly defrauded investors sued him?
BTW, let me quote one of his investors, Lindsay Rosenwald:
Rosenwald testified that in 2012, Shkreli told him he was winding down MSMB Capital. And Shkreli offered Rosenwald the opportunity to roll over what Shkreli purported was by then Rosenwald’s $200,000 stake in MSMB Capital into Retrophin, a new drug company he was creating.
"I was given the option of taking the cash or taking the stock, I wanted the cash, I didn’t get the cash.”
Rosenwald testified that he later, over time, sold off his shares of Retrophin. He said that, taking into account his original stake of $100,000 in MSMB Capital, he did make a profit on those stock sales.
Asked how much, Rosenwald said, “Somewhere between $400,000 and $600,000, I think.”[1]
Another investor "realized a profit of almost $1.3 million after selling Retrophin shares it had acquired as a result of a $125,000 initial investment by that fund, Hassan testified."[2]
In short, Shkreli did lie to his investors because he lost their money in the failed hedge fund. However, when he made another business, he rolled their accounts into shares of that business which actually made them a pretty sizable profit.
I guess in this Cancel Culture era, the pious feel justified in the destruction of anybody they don't like.
Many ponzi scheme fraudsters roll over the dwindling investments, hoping to hit the big payday that lets them fulfill the promised returns to the investors. Unlike most, Shkreli got very lucky and found a successful exit.
>The "financial crimes" seem to have no victims since none of his investors actually sued him
They were overt, literal, indisputable financial crimes. Not sure why you decided to scare-quote that.
Making someone you defrauded whole again doesn't erase the crime. The notion that it would is ludicrous.
>I guess in this Cancel Culture era
Give it a rest.
There is a truth that if you are a criminal you probably shouldn't draw attention to yourself. If you're a drug dealer, don't wear a bunch of jewellery and drive a unique car. If you're someone running a ponzi scheme, don't be a public troll, desperately seeking attention.
> Making someone you defrauded whole again doesn't erase the crime. The notion that it would is ludicrous.
He didn't just make them whole, he made them a profit.
That's between the two parties that engaged in the contract, isn't it? They signed contracts that they're receiving shares of his other company and they're not going to sue him for the losses from his previous company. The end result is that they made a profit.
Anyway, what a criminal... he loses his investors' money in one venture and then he makes them a profit in the next. That's the sort of crime I like to see our government spend their resources on, not the 700+ yearly murders in Chicago.
Ah, some whataboutism too. Delightful. I suppose the financial regulators who caught him committing gross violations of the law should really be doing the street beat in Chicago.
This method of argument is embarrassing and ridiculous. It has no place on a venue like HN.
Whatever mod flagged this comment (seconds after posting) needs to seriously reassess their life.
It'd be great if the government more regularly caught, prosecuted, and convicted people at this level of criminality. Otherwise the entire society collapses under the weight of abject corruption, because prosecution is a selective enforcement tool used at the whim of corrupt politicians, rather than an automatic mechanism that operates independently.
There is no automatic mechanism that operates independently. The prosecution, defense and judiciary are not GPT-3 robots that can mine through centuries of case law in 2 seconds to achieve a perfectly balanced decision.
If you want regular prosecution of white-collar crimes, you may want to support better funding for these agencies, so they can actually put resources behind investigating and trying cases where criminality occurs.
>"you may want to support better funding for these agencies, so they can actually put resources behind investigating and trying cases where criminality occurs. "
I don't think people realize just how much of law and regulatory enforcement is dependent on "who knows who" in the white collar world. A lot of investigations are discretionary and it is surprisingly easy for prosecutors to simply not address something. Would more funding help? I'm sure it would have some impact. But if Martin Shkreli was a big time political donor I suspect things would have turned out differently.
Yes, but I think this is more metaphorical than literal. Of course there aren't literal automatic robots doing the work of rooting out corruption; it's a goal.
I would argue that a high-functioning justice system should appear as close to automatic as possible, in order to most effectively create a sense of "if I do wrong, I know that I will be punished" rather than "if I do wrong, I need to figure out how to get around the law."
Should or would aside, it's not an automatic system. Even if it were, the trials themselves would be adjudicated by federal district court judges, who are political appointees. If you've ever watched a Senate judiciary hearing, the questions posed to the candidate are often ideological in nature rather than legal.
I probably seem pedantic, but I think it's important to reiterate the scale of human involvement and imperfection underpinning the entire system in which we exist. The solution to that is not "take the humans out of it", but to iterate that system with incremental improvements and fund it to the level commensurate with its importance to our society.
> If you've ever watched a Senate judiciary hearing, the questions posed to the candidate are often ideological in nature rather than legal.
It hasn't always been this way [1]. There have been controversial candidates at times throughout history, but most candidates got supermajority votes. In modern times, things are incredibly, abnormally polarized.
The issue isn't funding, it's structurally dysfunctional organizations. But that's a much harder problem to solve than blaming lack of funding. I was involved with a certain tax collection agency's project that was a never-ending trainwreck that spent decades complaining about being underfunded. When they finally got the 10s of millions of dollars they said they needed, they used it to hire and train college grads RPG (a programming language, if you haven't heard of it) along with how to operate mainframes and other systems that haven't been touched since the 80s. Fast forward a couple years, and every single one of the dozen hires had either quit or moved onto something more glamorous. But meanwhile the maintenance burden had just doubled because of all the new systems written in RPG on a mainframes which they can't retain people on.
I think most of the government agencies problems has nothing to do with their budget, but how they run themselves.
I have a strange opinion that it should be a lot easier to send people to jail and that more people should spend time in jail for real crimes. Ex. First time DWI - straight to jail. None of this "I'm rich and important" or "it's only my first time".
But also that jail time should be short and absolutely not destroy lives. This whole "lottery" thing that jail has become is completely absurd. One person who does zero jail time for a crime while another person has their life destroyed for the same crime.
If we start apply punishment equally without any question then maybe we can get some laws changed.
It's disturbing that Skreli openly committed massive financial fraud and you're more concerned about the government doing its job.
Skreli's investors didn't sue him because they profited from the fraud. It's the downstream investors who were harmed here, and they can sue Skreli...and the investors who profited from his fraudulent investments.
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.
People did lose money: most of the investors were out of money for years after the fraud, suffering actual economic harm, and even then were only partially made whole by Skreli giving out shares of his other company, which materially diluted that company's other shareholders. It was a sheer matter of luck that the other company's stock increased in value enough that some of the victims made profits, years after the original fraud.
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.
> To be fair, the only reason he got pinched was because he ripped off some very wealthy and powerful investors/partners in a ponzi scheme.
And barely even that. He lost/used their money and then paid it back before they even noticed. While it was wrong, as far as I can make out it was basically a victimless crime.
Meanwhile, it seems like price gouging medication people need to stay alive is still perfectly legal in the US. They scapegoated this little twerp to distract from the fact that the system is still badly corrupted and the politicians changed nothing of importance after this.
Sadly not, although it’s doing as well as could be expected given the reduced interest in torrents that streaming has brought. There will always be certain things like rare scene rips that are unlikely to ever be resurrected.
I miss What and Oink. I didn't even bother finding out what the next incarnation was and trying to get an invite, I just gave up and got Spotify. There's still tons of good music that I only ever found on those trackers. The quality of recommendations was also peerless.
Also Orpheus, which IMO has a better usage/retention policy, awarding bonus points (which can be used to purchase freeleech tokens) for one's seeding torrents: https://interview.orpheus.network/
My gosh. I've just been reading the interview requirements. I need to study spectral analysis, amongst other things. Then sit through a "1-2 hour" interview. To take the interview I MUST be on my home network, I must have my VPN etc. disabled. I must use a laptop/PC, not a mobile device. Can't use CLI for IRC. Other requirements as well.
I've never seen anything like this. I understand that raising the bar to entry is good for a community. What ever happened to having a seedbox and provable good ratios elsewhere.
I had a similar reaction. Even though I have some familiarity with the required topics I really didn't like the look of the interview. It seems like getting invited skips all that, but I don't know anyone in that world any more. To be fair there must be a barrier to entry, and having it very high should be good for community quality.
Might be easier to try to find an acquaintance with invites though.
>Might be easier to try to find an acquaintance with invites though
I wish that was the case; we all moved on to streaming services. Now though I want to return and backup everything I've paid for over the decades, as well as hunt down some rarities.
> I've just been reading the interview requirements. I need to study spectral analysis, amongst other things. Then sit through a "1-2 hour" interview. To take the interview I MUST be on my home network, I must have my VPN etc. disabled. I must use a laptop/PC, not a mobile device. Can't use CLI for IRC. Other requirements as well.
The content was probably taken wholesale from the original What.CD interview. I think What.CD wanted to ensure that people uploading new content (a core part of a private tracker) were able to distinguish obvious FLAC>MP3>FLAC conversions, since most lossy codecs have a lowpass filter which would be quite obvious with spectral analysis.
Turning off VPN etc is probably to allow the tracker to fingerprint you, and make sure that rule-breakers aren't blatantly attempting to register for a new account.
> Is the community/content exceptional?
I think many people treated What.CD's interview and progression as a stepping stone into other private trackers, since their invite forums (available once you upload enough content) were exceptional.
What's successors (RED and Orpheus) are carrying on in the same fashion.
"Asset Recovery Section" nice way of saying vultures, but sympathy for someone raising the price medication is rarer than NFTs of Mr. Shkreli's mugshots.
116 comments
[ 0.26 ms ] story [ 370 ms ] threadedit: and it begins
If people know who has it, they might try to extort him or worse.
I don’t see any reason the information needs to be public.
Speaking of which, I guess he's completely broke that they bothered to go after this?
The day he started that he should be put in jail regardless of being on bail
Am I alone in seeing this as an act of a sophomoric troll rather than an actual bounty put on someone?
I think there are people whose jobs are to determine the appropriate punishment for criminal actions. They might be able to give you a tighter upper bound
It was PONZI scheme. The only one who did the "cooking" was Shkreli himself.
Specifically, I think the law is sufficiently complex that it does allow for a significant degree of arbitrary enforcement.
Which is obviously wrong, the only thing pharma companies want is for you to be sick with an incurable, but treatable illness.
People do understand that most people aren't hiding major felonies or securities fraud, right? Most of us aren't evading taxes. We aren't running ponzi schemes. We aren't defrauding lenders. You can scrutinize the situation of the vast majority of people and come up with nothing beyond maybe a tag taken off a mattress (har).
Somehow in the (post) Trump era we have loads of people who really, truly believe it is some sort of injustice when people get scrutiny for the crimes they are actually committing.
a) There are loads of extremely specific laws for various very specific problems. e.g. Taking obsidian from an obsidian flow federal park, for instance.
b) Ergo everyone commits crimes!. We're all criminals, they just selectively choose what to enforce!
b) doesn't follow at all. The vast majority of people will never even be in a situation where it was possible to commit the overwhelming bulk of laws on the book. And that never would regardless.
FWIW, criminals think everyone is a criminal. Tax evaders think it's just normal. Thieves think everyone steals. Etc.
I highly recommend watching "Don't Talk to the Police", https://www.youtube.com/watch?v=d-7o9xYp7eE for a different perspective of where the GP is coming from. While it is true the vast majority of the US Code is something that simply won't apply to you (like the obsidian example), there are plenty of laws on the books that are vague and subject to abuse by a motivated prosecutor. One such example is the Computer Fraud and Abuse Act, which is a massive topic in-and-of-itself.
...and law abiding folk think they never break the law.
Ever lent someone money at 0% interest? Did you report it on your taxes? If not, you may technically be guilty of tax evasion.
Ever binned someone else's junk mail? Welcome to mail tampering.
There is a big difference between the law as written and the law as enforced. I guarantee you, if you go looking hard enough, there are some downright stupid laws on the books.
Hell look at mask laws! It was a huge controversy in some places last year because minorities in jurisdictions with historical anti-face covering statutes we're damned if they did, damned if they didn't.
Look at San Fran. The DA won't prosecute shoplifters, yet people walk out stores without paying under the statutory threshold. You going to try to say that the law makes even a lick of sense when you get degenerate circumstances?
Or are you going to take refuge in "Well, only the laws that matter?" If we go down that road it only gets worse.
How about... Mmmm. Jaywalking? Loitering? Noise violations that never got reported? Driving overweight vehicles down a road designed with weight capacity 1 ton less? Using an aerosol not perfectly in accordance with the instructions? Test driven an vehicle you didn't have registered on a public road? Improperly disposed of medication? Thrown a lithium ion battery in the garbage? Travelled with something in a trailer that qualifies as hazmat without getting a placard? Speeding? Had livestock escape, damage something, with no real dramatic outcome? Still infractions. Even if charges aren't pressed.
Let's just focus on this nugget-
-the DA made no such claim
-the threshold in San Francisco is actually LOWER than Texas. So much was made about that when people were truly clueless about what they claimed
-in reality there are almost no prosecutions because the activist police force simply doesn't bother responding
Police nationwide tend to be pretty far to the right (see the NYPD having a barely above 40% vaccination level right now as a good benchmark of that, which as an aside vaccination should absolutely be a requirement for their job), and they like to intentionally do a really shit job if it achieves their talking points.
The guys rushing into stores and filling garbage bags? Yup, the police should be arresting them. That they don't has nothing to do with the DA.
Or, in this case, temporarily embarrassed hedge fund managers that do not wish to have such a fate befall them.
BTW, let me quote one of his investors, Lindsay Rosenwald:
Rosenwald testified that in 2012, Shkreli told him he was winding down MSMB Capital. And Shkreli offered Rosenwald the opportunity to roll over what Shkreli purported was by then Rosenwald’s $200,000 stake in MSMB Capital into Retrophin, a new drug company he was creating.
"I was given the option of taking the cash or taking the stock, I wanted the cash, I didn’t get the cash.”
Rosenwald testified that he later, over time, sold off his shares of Retrophin. He said that, taking into account his original stake of $100,000 in MSMB Capital, he did make a profit on those stock sales.
Asked how much, Rosenwald said, “Somewhere between $400,000 and $600,000, I think.”[1]
Another investor "realized a profit of almost $1.3 million after selling Retrophin shares it had acquired as a result of a $125,000 initial investment by that fund, Hassan testified."[2]
In short, Shkreli did lie to his investors because he lost their money in the failed hedge fund. However, when he made another business, he rolled their accounts into shares of that business which actually made them a pretty sizable profit.
I guess in this Cancel Culture era, the pious feel justified in the destruction of anybody they don't like.
[1] https://www.cnbc.com/2017/07/06/martin-shkreli-kept-hedge-fu... [2] https://www.cnbc.com/2017/06/29/investor-in-martin-shkreli-f...
They were overt, literal, indisputable financial crimes. Not sure why you decided to scare-quote that.
Making someone you defrauded whole again doesn't erase the crime. The notion that it would is ludicrous.
>I guess in this Cancel Culture era
Give it a rest.
There is a truth that if you are a criminal you probably shouldn't draw attention to yourself. If you're a drug dealer, don't wear a bunch of jewellery and drive a unique car. If you're someone running a ponzi scheme, don't be a public troll, desperately seeking attention.
He didn't just make them whole, he made them a profit.
That's between the two parties that engaged in the contract, isn't it? They signed contracts that they're receiving shares of his other company and they're not going to sue him for the losses from his previous company. The end result is that they made a profit.
Anyway, what a criminal... he loses his investors' money in one venture and then he makes them a profit in the next. That's the sort of crime I like to see our government spend their resources on, not the 700+ yearly murders in Chicago.
This method of argument is embarrassing and ridiculous. It has no place on a venue like HN.
Whatever mod flagged this comment (seconds after posting) needs to seriously reassess their life.
If he'd been just a bit less outspoken theyd probably have left him alone.
If you want regular prosecution of white-collar crimes, you may want to support better funding for these agencies, so they can actually put resources behind investigating and trying cases where criminality occurs.
I don't think people realize just how much of law and regulatory enforcement is dependent on "who knows who" in the white collar world. A lot of investigations are discretionary and it is surprisingly easy for prosecutors to simply not address something. Would more funding help? I'm sure it would have some impact. But if Martin Shkreli was a big time political donor I suspect things would have turned out differently.
Yes, but I think this is more metaphorical than literal. Of course there aren't literal automatic robots doing the work of rooting out corruption; it's a goal.
I would argue that a high-functioning justice system should appear as close to automatic as possible, in order to most effectively create a sense of "if I do wrong, I know that I will be punished" rather than "if I do wrong, I need to figure out how to get around the law."
I probably seem pedantic, but I think it's important to reiterate the scale of human involvement and imperfection underpinning the entire system in which we exist. The solution to that is not "take the humans out of it", but to iterate that system with incremental improvements and fund it to the level commensurate with its importance to our society.
It hasn't always been this way [1]. There have been controversial candidates at times throughout history, but most candidates got supermajority votes. In modern times, things are incredibly, abnormally polarized.
[1] https://www.senate.gov/legislative/nominations/SupremeCourtN...
I think most of the government agencies problems has nothing to do with their budget, but how they run themselves.
How much research and experimentation is being done in those areas?
But also that jail time should be short and absolutely not destroy lives. This whole "lottery" thing that jail has become is completely absurd. One person who does zero jail time for a crime while another person has their life destroyed for the same crime.
If we start apply punishment equally without any question then maybe we can get some laws changed.
Skreli's investors didn't sue him because they profited from the fraud. It's the downstream investors who were harmed here, and they can sue Skreli...and the investors who profited from his fraudulent investments.
> 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-...
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.
The execrable stunt where he jacked-up the price of a rarely used but life-saving drug from $13/tablet to $750/tablet-- that was perfectly legal.
And barely even that. He lost/used their money and then paid it back before they even noticed. While it was wrong, as far as I can make out it was basically a victimless crime.
Meanwhile, it seems like price gouging medication people need to stay alive is still perfectly legal in the US. They scapegoated this little twerp to distract from the fact that the system is still badly corrupted and the politicians changed nothing of importance after this.
R.I.P. What.CD. :'(
Have any of the successors rebuilt that?
I've never seen anything like this. I understand that raising the bar to entry is good for a community. What ever happened to having a seedbox and provable good ratios elsewhere.
Is the community/content exceptional?
Might be easier to try to find an acquaintance with invites though.
I wish that was the case; we all moved on to streaming services. Now though I want to return and backup everything I've paid for over the decades, as well as hunt down some rarities.
The content was probably taken wholesale from the original What.CD interview. I think What.CD wanted to ensure that people uploading new content (a core part of a private tracker) were able to distinguish obvious FLAC>MP3>FLAC conversions, since most lossy codecs have a lowpass filter which would be quite obvious with spectral analysis.
Turning off VPN etc is probably to allow the tracker to fingerprint you, and make sure that rule-breakers aren't blatantly attempting to register for a new account.
> Is the community/content exceptional?
I think many people treated What.CD's interview and progression as a stepping stone into other private trackers, since their invite forums (available once you upload enough content) were exceptional.
What's successors (RED and Orpheus) are carrying on in the same fashion.
The memo says
> his payment of the forfeiture is now complete
for the 7.4m owed, so was it sold for more? Or was it the first buyer to show up with that amount?