Pharma Douche Arrested For Securities Fraud

Whoa. Bloomberg Business reports:

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 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 charged him with illegally taking stock from Retrophin Inc., a biotechnology firm he started in 2011, and using it 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.

In the case that closely tracks that suit, federal prosecutors accused Shkreli of engaging in a complicated shell game after his defunct hedge fund, MSMB Capital Management, lost millions. He is alleged to have made secret payoffs and set up sham consulting arrangements.

Shkreli was reportedly taken into custody by federal agents this morning. 

  • TMA

    I wonder how long before he walks free.

  • Ragnar Lothbrok

    YAY this IS AWESOME news !!!

  • Diogenes Onionpants

    All I can say is: HA HA HA HA HA HA HA!

  • nycmcmike

    Good morning Karma!

  • ColdDesert

    The Chinese have a saying: “Weeds that stick their heads up too high get those heads lopped off.” His arrogance seems to have paid off.

  • BearEyes

    how many other skeletons are in his closet?

  • now that is the way to Start your Day! hee. i want perp walk footage, dammit!

    just think of how nice it must be to have the feds banging on your penthouse door at 3am. /erases naughty
    hee. yah yah, i’m a realist and i know he’ll probably buy his way out of it. but still. i love it when this kind of stuff happens.

    • Lars De

      I know it would never happen but….if rich people want to buy their way out of white collar crimes I think they should have to forfeit EVERYTHING, only being allowed to keep a cash equivalence of the median middle class yearly income for their state.

      • canoebum

        Why that much?

        • Bad Tom

          For the humiliation.

          • Steve Teeter

            The humiliation of having to shop for bargains at a discount grocery story.

          • Bad Tom

            Which many of us think of as normal life.

    • Gene

      the perp walk…..I bet ya a doller he cries like a baby… 😉
      Oh, he can buy his way out…at least out of a WORSE sentence than most folk would get. but, once you have been touched by the securities fraud angel in a big way, the bankers/loaners/deal makers that people like him need avoid you like the plague (when you have had a direct hit by a torpedo, its obvious you are already on their radar) , or demand such outlandish fees that …well…the kind of fees that HE would charge for medicine 🙂 he is now VERY damaged goods

      he may hang on in some capacity if the established company survives, but, nope…this is his swan song.
      could not happen to a nicer guy

      • Cattleya1

        He should see God in the next few days and claim he is reborn and doesn’t need to go to jail…

      • BigGuy

        I doubt he cries like a baby. People without a conscience hardly ever cry for any reason at all. Maybe if he feels physical pain, he might cry. That’s it.

        There’s no record of Bernie Madoff ever crying — except for when he was trying to convince someone to sign on to his schemes. He never cried when his son’s died; not for the one who committed suicide and not for the one who died of cancer. He was in prison. Someone would have noticed if he cried. No one has seen it.

    • Paula

      I want to see if that smirk is still on his face.

  • Robincho

    May we resume the prison rape comments, just in this one instance?…

    • TheManicMechanic

      I chose chose a different appropriate punishment.

      • Robincho

        I like your shank idea, for shaw…

    • Mark

      Even if I was locked up for 50 years – I still wouldn’t put my dick in that hateful ass.

      • Ragnar Lothbrok

        ME either, but there is ” Someone for everybody ” 🙂

        • vorpal

          If ugly-on-the-inside-and-outside Kimmy D can find three people (and counting?) willing to marry her, then there is definitely somebody for everybody!

          • Ragnar Lothbrok

            ALL of her grooms had to be totally wasted to say ” I do “.

          • vorpal

            Indeed. Kimmy D is not only anti-gay but the Anti-AA.

            I just feel bad for the fucker who thought it was so nice he married her twice. Some lessons take a bit of practice to learn, though (=koff= chili peppers =koff=).

      • Robincho

        Me either… but prisons are full of guys who lack our standards.

        • Mark

          I used to have standards. Then I turned 50….then 60…… 🙂

    • radiofreerome

      Prison rapists have higher standards. Donkeys who perform in donkey shows have higher standards.

  • TheManicMechanic

    Here’s hoping he gets shanked.

    • KCMC

      there’s a special

    • i’m a strong prison reform advocate and so i don’t find prison jokes funny. that said, if he spends any time in a real tank he’s fucked. it depends on the money and politics behind this case. the feds got him, which means they can put him in a ‘safe’ hole for a long time, not like where poor people who get arrested go. or they really could throw him into a place where his smarmy little self would experience a lot of physical violence. he could even get HIV.

      everyone deserves a fair trial, and a humane prison if sentenced or detained. remember, tomorrow it could be you. “justice” in this country is capricious.

      • Mark

        I know you’re right. I know you’re damned well right. And if he does end up in prison, I can only hope he gets ZERO preferential treatment.

      • debra

        Whatever kind of cell he’s in you know it’s not like where he was sleeping last night. That brings me joy.

  • David Walker

    Good.

  • Mark

    I hate rejoicing in someone’s demise – but this little sonofabitch deserved it.

    • Lars De

      I view him as the detestable scumbag that everyone else does based on his greed, but I sometimes wonder if he doesn’t get extra hatred because of his slimy, weaselly looks? Don’t get me wrong, he deserves all of the hate based on his actions alone; but I do wonder if most people (myself included) feel some deeper disdain because he looks like every shithead high school asshole from an 80’s movie (often the James Spader role).

      • vorpal

        In my experience, one’s looks are impacted by their emotional state, and other people’s opinion on one’s looks are similarly affected by that emotional state. Even if you’re ugly as hell, if you’re a genuinely nice and happy person, it will show on your face, and people will look at you positively.

        This guy is a greasy little greedy fuckweasel both on the inside and out.

        • Gene

          I know an investment banker who had interacted with him.

          1) he is not as bad as you think…he is WORSE
          2) it is NOT easy to make an investment banker go “what a fuking greedy little shit (thats a quote)….thats their bread and butter after all, but, this guy, in private, was more like a cartoon character of evil than a real person. he is ALL we think he is and then some, and from my viewpoint, let the schadenfreude roll.

          • Todd20036

            No surprise. A truly greedy person can NEVER have enough money, NEVER ignore a chance to get wealthier especially if it makes someone else poorer.

            It was only a matter of time before he got caught.

            In DC, a group of people had a very elaborate scheme to fraudulently bill the city for tax rebates off of properties that they didn’t own. They got away with it for over a decade and made millions.

            But they didn’t quit, so eventually a bank teller (yes, a bank teller) questioned a check she received and brought it to her manager’s attention, and the entire scheme unraveled.

            But if the group stopped after 10 years and walked away, they would have gotten away clean.

            Some people just don’t know when to quit.

          • Like a lot of gamblers. I think it’s related.

          • Steverino

            The secret desire of every gambler is to lose. Perhaps this little douchebag’s time was up.

          • Traxley Launderette

            There’s a fable like that, isn’t there?

            A dog with a bone meets his reflection in a river?

          • Steve Teeter

            One wonders how many HAVE stopped in time and gotten away clean.

          • Prixator

            That’s the trick that very smart people realize about doing cons. If at all possible, pull it off by yourself – and tell no one. If it’s an ongoing con, don’t get too greedy and end it before anyone gets suspicious. Then, very slowly convert your take into untraceable assets (if it’s not in that form already).

            Years ago, I read about a huge con against a bank involving electronic transfers. It was when these things were very new and security and scrutiny was very light.

            The guy got away with it – converted millions of stolen funds into uncut diamonds. But, he felt the need to brag to someone about what he had done. Of course, he was caught. In the story, it was claimed that he would never have been caught if he had just kept his mouth shut.

          • BigGuy

            Not exactly a huge con, but 40 years ago, an IBM engineer who worked out of HQ in Armonk helped install a huge computer system in Honolulu. He set it up to break down sometime in January. When it broke down, he’d be sent from upstate NY to Honolulu to be housed in a luxury hotel for a week or so while he fixed things. IBM billed the customer for his transportation and lodging.

            The powers that be didn’t catch on until the 4th year in a row that it happened. He could have gotten away with it for 3 years in a row

            In 1978. the Certified Information Systems Auditor credential got established. The story of the engineer who engineered a free vacation every January is part of the curriculum.

          • Lars De

            Cartoon character, exactly! It’s like there was an image team that worked hard him look every bit the part that he so easily plays. Hell, maybe looking like that is what guided him straight into his assholism?

          • Kissmagrits

            He seems to be transitioning into Montgomery Burns before our very eyes. I wonder how long before he bids on his first power plant.

        • Oh, now you insulted fuckweasels by comparing them to pharmadouches

          • vorpal

            I hereby extend a formal apology to any and all fuckweasels reading this thread.

          • And this proves that Vorpal is a kitty of integrity!

      • bambinoitaliano

        In most instances if one was to post a picture of an individual with no information, our impression often comes from our own projection. When the poster add personalities and characters of the said individual, the impression help form the individual persona. This guy was hated not because of how he looks rather what he did that negatively impacted his image. If there was a 180 degree turn around on his behaviour in the positive light, I bet our impression of him will be the opposite. Look at the Aaron Schock, Ryan T Anderson, Marco Rubio and various right wing nut jobs, they are not bad looking as individuals, however, it’s their reprehensible corrupted nature that painted them as unredeemable human.

      • Good Shot Green

        You’d think he’d be able to afford teeth whitener and shampoo.

      • MichaelJ

        I think the reverse is the more the problem. People who have a kind and appealing looks are not judged as harshly as others even if their actions alone are as hateful and as deserving of our schadenfreude should they happen to get held accountable for them.

        • Prixator

          It’s certainly true that, in most social and commercial interactions, attractive-looking people are far more likely to receive the benefit of the doubt than those who are considered unattractive.

      • Steverino

        The last time I saw teeth like his was on a dead gopher.

      • Michael Rush

        It would be great if your inner self manifested as your outer self ( like the villains in a Dick Tracy cartoon ) , it would make life so much easier . It just doesn’t work that way , you can’t judge a book by the cover

        http://40.media.tumblr.com/tumblr_lz07tb4ky21qzbqf4o1_500.png

    • Michael Rush
    • ColdDesert

      I think when you laugh off Hilary Clinton in a tweet your days are numbered.

    • Gene

      that you hate doing so to the degree you do makes you a good person.
      But, even good people can enjoy this douchbags downfall.
      some people, well…they just have it coming

    • ColdCountry

      He’s not convicted, yet, but I have to agree to doing a bit of a happy dance.

    • Gay Fordham Prep Grad

      Really? I’ve never had a problem doing it.

  • camel54

    Schadenfreude. I feel SO good. A very long spell in jail, I hope.

  • Tigernan Quinn

    I literally burst out laughing. Sorry, morality.

    • Mark

      shared laughter is the best!

  • Mister Don

    Couldn’t happen to an un-nicer guy

  • Ed Burrow

    remember, it was tax evasion that brought al capone down. just sayin 🙂

    • Johnny Wyeknot

      I predict the same thing will happen to Palin.

      • Lars De

        I’m sure she’d plead ignorance and for once we’d all agree with something that she said.

    • Todd Isaac

      I thought it was syphillis that finally brought him down?

      • Steve Teeter

        Well that’s what finally killed him, but it was tax evasion that sent him to Alcatraz.

  • Gigi

    What a great way to start the day!

  • The SEC actually got off of their collective asses and actually did something that put one of those economy-crashing wunderkind in jail? That’s the real story here.

    • catherinecc

      Sadly, most people will think this is it. In reality, this sort of scummy stuff has been going on a decade. The difference is that he’s an asshole who will be hung out to dry to quell public outrage.

      The same thing will happen next week, and the week after that.

  • Necessitas

    What a surprise, the scumbag crook is a scumbag crook.

  • j.martindale
    • medaka

      Fabulously clear definition of schadenfreude

    • Gene

      I lovvveeee that. well done j.martindale

  • stuckinthewoods

    Why, I just posted about the goddess Ate who punishes hubris – and she answered my ‘thoughts and prayers’.

    • and here i thought it was Inanna, enjoying a beer while she smited an annoying ant. 😉

  • Michael Rush

    Why do terrible things happen to good people . Sorry to go off topic !!!

  • Guest

    Karma is a bitch ain’t it

  • Kevin Perez

    You just knew this was coming. A stink that big couldn’t amass that kind of wealth legally. The surprise is that the crash’n’burn came so quickly, thankfully.
    Bye Felicia!

  • oikos
    • Been saving this for the right moment. I think this qualifies.

      • oikos

        Saving for reuse. 🙂

  • geoffalnutt

    Yay!!! What a nice thing to greet me upon waking. Hope he suffers stiff penalties.

  • Mark

    …and I’d still like to see a list of his executive board and ‘investors’…..
    They are just as greedy and culpable.

  • gaylib

    Karma

  • TuuxKabin

    One down one more to go, in Philadelphia.

    • MichaelJ

      Nice.

  • robirob

    Wow, I wouldn’t be surprised when he follows Trump’s footsteps and announce his bid for POTUS in the next POTUS election cycle riling up all the Wall Street and Silicon Valley start up entrepreneurs.

    That guy just can’t keep his doucheness all to himself he must share it with the nearest camera he finds.

  • TJay229

    It’s always good to read (hear) satisfying news in the morning.

  • Tony Prost

    So what about the 2008 banksters?

    • Todd20036

      Some of them went to jail too

      • Htowndude

        Not enough.

  • Mark

    I suppose this means he’ll have to carry that $2 million record down to the pawn shop….

  • Dan M

    Merry Christmas!

    • Marides48

      Happy Holidaz too

  • JT
  • William

    Put him in Supermax and throw away the key.

    • Necessitas

      Put him in a Supermax and throw away the Supermax.

      • Dreaming Vertebrate

        That is so creepy!
        LOL !

      • Jeffrey

        I did not need to see that this morning, but you did successfully make him creepier, which I didn’t think was possible.

  • Joseph Miceli

    As a Christian I hope he doesn’t catch anything in jail that requires him to take a $700 a day pill.
    Oh….that’s right…. I’m NOT a Christian.
    Fuck this guy!

    • Todd20036

      Someone probably will, but only if they are THAT desperate.

  • BudClark

    And here, ladies and gentlemen, we behold Karma in all Her resplendent glory.

    I’m TRYING to work up SOME pity for him if they put him in Gen Pop.

    • billbear1961

      No, NO pity for this truly evil SOB, Bud!

    • Robincho

      Not only Karma, but Pharmakarma!…

  • D. J.

    He had to know this was coming. The real reason for the price hikes? He knew he was going to need high dollar legal eagles and was more than happy to raise the money off of the backs of the seriously ill. What a super douche.

  • Hard not to enjoy a little seasonal good news, isn’t it?

  • sw42

    In another case that closely tracks with these two suits, all people everywhere accuse Shkreli of being an asshole and making him live on a deserted island.

  • DaddyRay

    I have as much empathy for him as he had for the patients he screwed over

  • radiofreerome

    This is like Al Capone being convicted of tax evasion while getting away with the St. Valentine’s Day massacre. We need laws to prevent drug profiteering.

    • Todd20036

      He went to jail just the same, though. Died of syphilis.

    • Htowndude

      Hopefully Hillary will come out with a plan to help people who actually need it.

      • MickinDetroit

        …lolz. oh wait, you’re being serious?

        • She’s announced a plan. Don’t forget, for all the criticism that’s she pro-Wall,Street, she’s been advocating for health issues her entire career.

        • Htowndude

          I’m sure she’ll just tell them to ‘cut it out!’

      • DaveW

        Well, I want to
        Vote for her but now she’s out wanting to raise taxes and spending. The deal just made raises spending and lowers taxes, the right is no better but I am done with voting for more and more spending and taxes, we are way over ushered already.

        A true center right gov would slash defense and other bloated programs, fix corporate tax loopholes, invest in education and balance the budget. No more taxes and no significant cut to social programs ( just reduce fraud and laziness-only the truly needy, and invest in helping them improve). Too simple and obvious, I guess.

        • 2karmanot

          Poor thing

  • SockMikey

    Once upon a time
    Light shines on a Pharma Douche
    Karma is a bitch

    .
    http://suindependent.com/wp-content/uploads/2015/09/cjones09232015-lead.jpg

  • GayOldLady

    What goes around, comes around, and we didn’t even have to pray for it.

  • Bj Lincoln

    That should wipe that snarky grin off his face.
    Happy Holidays everyone!

  • Kieron

    “Boyish”? Try “thuggish.”

  • William

    This is the definition of Schadenfreude.

    • Rambie

      Only if he’s found guilty.

  • Dreaming Vertebrate

    Oh this just cheers me right up!
    Such joyful tidings.

  • Boy Elvis

    Wait, you mean this guy is not entirely ethical?!

    • DaddyRay

      Shocking

  • bkmn

    More please.

  • DaddyRay

    Wonder if he had that smug smirk on his face for his mug shot

    • I’d love to see his mug shot!

  • kaydenpat

    Good.

  • olandp

    Oh dear! Who would have thought?

  • GrayPowerRanger

    —–

  • Butch

    Since when is “boyish” a synonym for “smarmy little douche-faced waste of oxygen?”

    • BobSF_94117

      1953

  • Gustav2

    When your arrest makes the extremely pro-business Morning Joe on MSNBC…
    you may be a douche.

    But Halperin is defending him a bit.

  • BobSF_94117

    This may be all it takes for the producers to revive the Law & Order franchise. Or maybe a full-length movie reunion show.

    Doink, doink, dickwad.

    • gosh that would be a fun 3 part episode! please, L&O people, we would watch it! bring back everybody, for at least a cameo. you cannot ask for a better story “ripped from the headlines.”

      • BobSF_94117

        He could raise the price on one of Lieutenant Van Buren’s medications. The script writes itself!

        [Love me some Epatha TV]

    • DutchBoy74

      They could use it in SVU – just have a case where they had some douchebag pharma exec harms a child then jacks up the price of the medication the kids needs so the family couldn’t afford to save the child. Have him gloat publicly how he was acting as it was “his duty” to the shareholders as a CEO.

      Then have him diagnosed as affluenza and get off “on probation” because he doesn’t understand how he did anything wrong.

  • Morning coffee: Good
    Morning cigar: Very good
    Morning news: Fucking priceless!

    • Your morning is off to a really great start, hope the rest of the day can measure up.

  • DaddyRay

    The judge needs to raise his bail by 5,000%

    • billbear1961

      Excellent–EXCELLENT, Daddy R!!

      • bzrd

        Missed you, Mr. Bear, good to see you’re back.

        • billbear1961

          Thank you, bzrd!

          Nice to see you, too!

    • Michael Abbett

      Yes!

  • LovesIrony

    well, almost hit me on the head with a hammer

  • Hank

    Just heard a couple of minute story on MSNBC. They were more interested in his buying the only copy of a rock album for $2 million, than they spoke about his pricing abuse. (Which will probably not change if the Corp continues and he goes to jail.)

    For those who are interested in the Pharmaceutical Companies and their sale of drugs, take a look at this article from the NY Times abut Egypt and Hepatitis C treatment: http://www.nytimes.com/2015/12/16/health/hepatitis-c-treatment-egypt.html?ref=middleeast

  • Bill_Perdue

    Capitalists and banksters are swine. This little piggy set himself up for a big fall.

    • billbear1961

      LITTLE piggy?

      Big, fat, hateful SWINE!

  • skeptical_inquirer

    Look, an early Christmas present!

    • DaddyRay

      We are all unwrapping this one early

  • Dan

    I thought I didn’t want anything for xmas until I read this this morning. This is the best present I could have gotten this year.

  • kirtanloorii

    Great. Now he can share a cell with Jared Fogle.

    • Yup! Mr. Slick can bunk in with Mr. Sick.

  • Skokieguy

    Let’s not overlook that what he did with raising prices is legal. I imagine big pharma is loving him being attacked as he’s the lightening rod that draws criticism away from them. This is much like how Wayne LaPierre is paid to be beaten up as the face of the gun industry to shield the actual corporations who produce the guns. [Do you know the names of the major gun mfg. companies? The names of the CEO’s?]

    Drug companies facing a drug nearing the end of its patent protection will frequently PAY companies to not produce a generic version. This extends their lock on the market and the generic companies make more money not producing the drug than if they did.

    Drug companies moan about development costs, but many studies show that they spend more on marketing than R & D. And there is research done at public and private universities that end up turning into Rx drugs, so in some cases the public is helping to fund the research that creates the insanely priced drugs many cannot afford.

    • billbear1961

      And where are the sellout WHORES who call themselves “journalists” to report on this, to inform the public?!

      Never mind–I’ve answered my own question.

    • ElenorRigby

      I don’t know if it IS illegal.

    • BigGuy

      Nearly all of Big Pharma have some subs who jack up prices even more than this guy, but they know how to hide their perfidy. He’s just the face of evil who was foolish enough to go on TV because he likes attention.

      Its much, much harder to see huge organizations that also do good as being evil. Good people working for Big Pharma and hospitals and insurance companies altogether perpetrate far worse crimes than an individual douche like this.

      Since 2008, Big Pharma firms have paid more than $13 billion in fines.
      http://projects.propublica.org/graphics/bigpharma

  • Jean-Marc in Canada

    I thought the highlight of this week was seeing Star Wars last night (nope, not saying a word except OMFNEG!!!!) and then I wake up to this!!! ‘Tis indeed the season to be jolly!!!!

  • Jon
  • billbear1961
    • Oh my, the fella in the flowing white shirt is handsome!

  • RainbowPhoenix

    The Nelson laugh would be too obvious. I’ll do it anyway. Ha! Ha!

  • Gregory B

    Merry Christmas Pharma Douche ♫

  • Robert Conner

    I’m pretty sure if I were the arresting officer I’d have spotted something that might have been nail clippers he might attack me with and been forced to pump about thirty rounds into him as he fled.

  • Ninja0980

    Karma’s a bitch ain’t it?

  • Yalma Cuder-Zicci

    It’s beginning to look a lot like Christmas.

  • Lumpy Gaga

    Was the Wu Tang record harmed?

  • Elliott

    The only true justice for this asshole is for him to someday need Daraprim and not be able to afford it.

    • thatotherjean

      Oh, he would be able to afford it. He could buy it from Imprimis Pharmaceuticals for $1 a pill, like everybody else.

  • MDB

    In his case I hope the horrible side of genetics, illness and every other possible terrible misfortune visits him with the fury of hellfire. I worked with the prison population in educating them, and helping them obtain proper HIV care and treatment here. Obtaining proper healthcare and treatment in any prison system is a nightmare. One can only hope he falls ill and can NEVER gets ANY pharmaceutical treatments he may require. Enjoy your residence in HELL, douchebag !!!

  • edrex

    My favorite part is where he completes his transformation by sprouting whiskers and a long tail, and he is then captured by a pharmaceutical company for testing a new drug. And the punch line is: that drug is given freely to those in need without profit.

  • Joseph Miceli
  • Octoberfurst

    Gee I’ll bet he doesn’t have that smarmy smile on his face now. I’d love to see this punk go to prison but like others have said he will probably buy his way out of it. You know, pay a couple million dollar fine–pocket change for him—and go home. But just the fact that he was arrested made my day.
    What’s striking is that he was such a greedy little bitch that even Fox News didn’t kiss his ass & glorify him like they do most rich capitalists types.

  • octobercountry

    Couldn’t have happened to a more deserving guy.

  • Refugay

    Too bad he didn’t patent a karma-blocking pill.

  • tcinsf

    pfff. does anybody really go to jail for securities fraud?

    • Toasterlad

      This guy might. He brought so much attention to himself by actively campaigning for world’s biggest asshole…I’d think his case will get more scrutiny than most. Could be harder to bribe convince a judge to go easy on him. If so, he has only himself to blame.

    • MickinDetroit

      yes. especially when they’re famous. keeps everyone at least a little concerned about getting caught. I mean Martha Stewart ring any bells?

      • tcinsf

        I was originally going to mention Stewart (does anybody but Martha Stewart get convicted of securities fraud) then I remember that she was NOT convicted of securities fraud, she was convicted of lying to the feds during the investigation.

        • MickinDetroit

          …they found her guilty of obstruction and making false statements during a securities fraud investigation….

          • tcinsf

            That is true – but obstruction/false statements and securities fraud are two different things. She was not convicted of securities fraud. They couldn’t or wouldn’t make that case against her.

  • LonelyLiberal

    Well, you knew that was going to happen for one thing or another. He radiates smarmy dishonesty, like a particularly greasy used car salesman.

    • zhera

      He’s like a caricature. I still can’t believe he’s an actual person.

  • canoebum

    I called this one last week right here on this board. There is no way a scumbag like this little twerp was going to remain at large to wreck everything in his path, just so he can buy more toys and brag to his buddies about how rich he is. He reminds of the creeps in “American Psycho”. Good to see the Feds actually doing something. Can Lloyd Blankfeld and Jamie Dimond be next?

  • Bryan

    Wonder if this will give him pause and force him to think about the business he leads?

  • Guess

    #Karmaceuticals

  • craigbear

    Karma doesn’t usually kick someone in the ass quite this quickly. Not that I’m complaining — I want to send her flowers for this.

  • justmeeeee

    Oops!

  • jmax
  • This news made my day.

  • Paula

    Thank you, Joe! I just love these heartwarming x-mas stories!

  • John P.

    Instant Karma’s gonna get you
    Gonna knock you right in the face
    You better get yourself together darling
    Join the human race…

  • ButILOVEBacon

    Just curious: would he be subjected to a full strip search (“Bend over, spread your cheeks”, “Squat and cough”) when being booked into jail? I so envy the correctional officer who got to conduct that search.

    Say what you will, but I think he’s downright dreamy!!!

    • Octavio

      Yeah. Just like the children of the corn. Have at it.

  • rabbit_ears

    Can we send him to Guantanamo bay for a little waterboarding vacation?

  • TreGibbs

    Nice teeth.

  • I wonder if he cried like a little baby when they cuffed him and hauled him away? Let’s hope they set his bail at 1 mil and then inexplicably raise it later by 5000%

  • I have a question — Pharma douche at one point was one of the most hated people in America (for anyone who hears the news) for going on the media telling everyone that his “pay or die” strategy was the way he would make a ton of money. Now, did this factor into his indictment? If he kept a lower profile perhaps he could bargain some sort of deal with the feds? Or does this have nothing to do with it? It’s hard to believe that this sleezebag did not maintain a low profile if he had any idea that he could end up in prison.

  • colin payne

    He’s an ugly little fuck….in more ways than one.

  • Kudos to whoever coined the term “Shkrelifreude”

  • Rebecca Gardner

    Karma is a bitch.

  • Glen

    Fan-freaking-tastic!

    So how long could he be looking at if convicted?

  • Happy Dance

    Better start working that hole so you can accommodate 5000% more! BUT THOSE TEETH!!! That reminds me…put Cornuts on shopping list…

  • Hunter M

    My Christmas wish came true. I’m truly blessed by his noodly appendage.

    • Octavio

      Praize Him and the sauce he hot tubs in!

  • Al Bum, collector

    Ironically he had just listened to two musical faves as the feds came a calling: “Instant Karma” and “Cell Block Tango.”

  • Ore Carmi

    Fraud? What a surprise.

  • John T

    THIS ISN’T KARMA, this is the way the law is supposed to work! But unfortunately, greedy and corrupt Wall Street operatives are so rarely prosecuted for their crimes that we tend to perceive it as a miracle when one of them actually goes to jail. Prosecutions should not be as rare as miracles, they should be an everyday occurrence.

    Secondly, don’t hate the player hate the game. Everyone focused their hatred on Shkreli because his sociopathic grin on TV makes all decent humans shudder with revulsion. But they’re all like this, and they’re all playing by the same rules as him and they’re all greedy enough to fuck over a dying person to make an extra few bucks. Focus your hatred on changing the system.

    • Octavio

      It isnt Shkeli’s sociopathic grin that made made me shudder, it was the cavalier way in which he happily espoused his virtuousness in doing what he did. “It’s just capitalism!” he gleefully espoused in an interview on CBS Morning News. Yeah. That’s all it is. 🙁

      • John T

        Don’t get me wrong, I’m not trying to defend him, but he is correct: it’s just capitalism. Capitalism is inherently unjust. But when a rich guy has the nerve to say this out loud on television, it makes people angry. Here in America we prefer that capitalism be dressed up in platitudes and fake apologies and 501(c)(3) charitable foundations.

        • James

          To be fair, it isn’t just his sociopathic grin or his “don’t blame me it’s just capitalism” bullshit that make people hate him. It’s also his extreme all-round douchiness, his smugness, his arrogance, his vastly overinflated sense of self-importance, and the fact that he clearly was enjoying it. At least most of the others who are like him have the sense not to parade it in public.

          • John T

            > the fact that he clearly was enjoying it

            Such a weird place we live, where it’s considered more sensible to pretend like you don’t enjoy being rich and getting richer. Rich people with good “sense” don’t parade it in public because that might make the rest of us start to wonder how they got that rich to begin with while we’re struggling to keep our heads above water.

            Such a weird place we live, where smugness, arrogance, and self-importance are considered worse crimes than manufacturing a pill for a dollar and letting people die because they can’t afford to purchase it for several hundred dollars.

          • James

            That’s not what I meant or what I said.

          • Mike Randall

            Plus, there’s that greasy-looking hair…

    • Ninja0980

      Indeed, others are doing the same thing he is doing, they are just smart enough to not go on tv and brag about it.

    • Steven Leahy

      Good points. He was/is just a more extreme example of a warped, sadistic system.

      • John T

        The system isn’t a person who we can put on the psychiatrist’s couch and diagnose as “sadistic” — but rather it provides an environment in which sadistic people can and do thrive and succeed.

        Anthropomorphizing the system with words from the vocabularies of mental illness or vice & virtue turns it into some kind of mysterious villain. But the system is a set of rules and institutions made by and for people, therefore we the people can change it to work better for us instead of better for the sociopaths. It’s not mysterious.

        • Steven Leahy

          Oh please. You don’t need to fucking dissect my use of language and I didn’t need the condescending reply. I was agreeing with you. There isn’t one monolithic “system”, but rather, capitalism is a system among many systems, and is (clearly) the one to which I was referring.

          sys·tem

          ˈsistəm/

          noun

          1. a set of connected things or parts forming a complex whole, in particular.

          2. a set of principles or procedures according to which something is done; an organized scheme or method.

          I happen to think extreme versions of the capitalist system ARE evil, and that they foster and promote inequality. Ideologies can be evil as well as people. You don’t have to like my choice of words – but that’s the nice thing about language, we can express our opinions in a variety of ways.

  • Natty Enquirer

    Everybody cheats. What counts is whether you have friends or not. If all you have are enemies, you are going down. High time for this psychopath.

  • Octavio

    Callo Callay! The world has a way of balancing most stuff out. Good to know this little shit is enjoying the culinary musings of a prison chef. Wahoo!

  • B Snow

    I have a friend who works for CARE. She does the Live Below the Line challenge every year and fosters cats until they can be adopted. And a bunch of other admirable stuff I’ve probably blocked out because it makes me too guilty to think about.

    Shkreli is like the opposite of this friend. How does someone grow up to be that much of a greedy selfish creep? Did he grow up poor so now he’s insecure and grasping? That’s the absolute kindest explanation I can think of.

  • Baby Dave

    The sole fiduciary responsibility of any corporate executive is to increase profitability for the shareholders. There are actual criminal penalties for unprofitable behavior.

    That fact breeds a culture where ethics, morals, and mores are abrogated in the pursuit of wealth. The people who make it to the top of such a system have to engage in reprehensible behavior to get there. The system itself is what encourages criminality. What use are laws if you’re rewarded not for being lawful, but for being profitable?

    • Mark_in_MN

      That the sole responsibility of a corporate executive is to increase profitability for shareholders is a result of a culture where ethics, morals, and mores area abrogated int he pursuit of wealth. But there is certainly a feedback loop.

  • Dot Beech

    Beautiful!

    • I love that photo. I imagine the thoughts going on behind those dead, dead eyes: “I was untouchable! I am so fucked now. Can’t call my lawyer because he’s under indictment, too. They’re gonna take everything. Fuck, fuck, fuck…”

      The only way this could be better is if the feds find some serious kink in the douche’s porn collection on Shkreli’s seized computers and “accidentally” leak it to the public.

  • JCF
    • JCF

      So Shkreli was an amoral criminal? Did NOT see that coming!

      >;-p~~~

  • James

    Here’s hoping his lawyer raises his hourly rate 5000%.

  • Ninja0980

    Certainly isn’t so smug now is he?
    Certainly isn’t so smug now is he?

  • Pierre

    YEAH!

  • marti386

    Ahh. Karma gives the best Christmas present of all! 😛

  • ejude83

    All that money and you think he’d get those hideous damned teeth fixed!

  • Cuberly

    Couldn’t have happened sooner really. The past few days he’s been engaging in online threats towards RZA & the Wu-Tang Clan. It’s insane stuff.

    He also gloats about how he threatened a former co-worker & that he’d do the same to them if pushed too far.

    “I’m definitely the real f***ing deal. This is not a f***ing act. I threatened that f***ing guy and his f***ing kids because he f***ing took $3 million from me… I had two guys parked outside of his house for six months watching his every f***ing move. I can get down. I don’t think RZA knows that. I think he thinks I’m some powder puff white guy CEO that’s got too much money… I’d encourage him to shut the f**k up before he goes a little too far. We’ll see what happens.”

    His legal woes are just beginning.

    http://www.inquisitr.com/2638651/martin-shkreli-threatens-rza-over-wu-tang-clan-album-purchase-drama-brags-his-own-rap-is-like-shakespeare/

  • karen in kalifornia

    So he definitely IS a shumbag.

  • It has been a very long time since I grinned and laughed at seeing a genuine federal agent-led Perp-Walk.

    Today was a good day.

  • Michael Abbett

    This absolutely made my week, and it’s been a rough week. It has rubbed me the wrong way all along that he jacked up the price of a drug that helps HIV patients, but doing it under the name Turing really put salt in the wound. I’d say I hope he rots in prison but people like him rot wherever they are.

  • anne marie in philly

    bwhahahahahahaha! douchebag! you’ll get what’s coming to ya, asswipe! bwhahahahahahaha!

  • NancyP

    Sweet!!!!

  • Claude Jacques Bonhomme

    https://tgem.files.wordpress.com/2010/07/dont-drop-the-soap.jpg

    … but if you do, my heart won’t bleed for you.

  • PiperPine

    Just being crass but: its the dildo shaped Tetris block that completes the row

  • Claude Jacques Bonhomme
  • Brian Moore

    So, will the damages he’s done be undone with his conviction?

  • SoCalGal20

    Today is my birthday. What a great present!

  • mark99k

    Lovely news. I look forward to seeing Shkreli subjected to structured, system-imposed misery. It’s much easier than wishing a vengeance demon would bite his tiny balls off.

  • Chris

    The ultimate “karma is a bitch”…..he becomes poz in prison.

  • DaveMiller135

    I genuinely despise the trope, depicted on television and film, of the young criminal threatened with homosexual rape when he goes to prison. I hope it’s only on TV and not ever happening in real life to anyone. Still, if it had to happen to someone…