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From the BBC – Pharma boss Martin Shkreli arrested on fraud charges:

Representatives for pharmaceutical boss Martin Shkreli, who sparked outrage after hiking up the price of a medicine used by Aids patients, say he strongly denies fraud charges.

He is accused of fraud relating to a drug company he previously headed, Retrophin, and a hedge fund, MSMB Capital Management, where he was a fund manager.

This is the greedy jerk who raised the price of a drug he just bought from $13.50 to $750.00 a pill. He needed the money to keep his hedge fund Ponzi afloat.

Seven Federal charges for fraud and conspiracy to commit fraud when he was arrested and ‘perp-walked’ by the FBI – 😈


1 Badtux { 12.17.15 at 11:26 pm }

To what address do we send Christmas cards of thanks to these FBI agents and Federal prosecutors? 🙂

2 Bryan { 12.18.15 at 12:15 am }

That would be the Southern District of New Yorl, NYC.

The perp-walk featured him in a hoodie, so I guess that means he’s a ‘thug’.

3 paintedjaguar { 12.18.15 at 1:48 am }

My, my, who would have thought?

The Schadenfreude is strong with this one!

4 Bryan { 12.18.15 at 3:58 pm }

Yes, PJ, there is occasionally justice in the world…

5 Shirt { 12.18.15 at 4:36 pm }

And, in 90 days we’ll all commiserate the failure of the Judicial system, slowly realizing we are all black now.

He’s gonna get off.

6 Bryan { 12.18.15 at 10:43 pm }

Someone hates him. They don’t charge unless someone important is angry about what was done. He might cut a deal, but he is headed for conviction. He conned money from someone with pull, so they are going to make ‘an example’ out of him.

7 Badtux { 12.20.15 at 12:11 am }

Yeah, as the meme goes that’s circulating around Twitter and Facebook: rip off sick people, get lauded as an exemplar of capitalism. Rip off a rich person, go to jail. Because we have two systems of justice here in America, one for rich people, and one for everybody else, and the one for everybody else is there to *protect* the rich people, not to *prosecute* them. Just how it is.

8 Bryan { 12.20.15 at 3:42 pm }

It looks like ‘Mr Affluenza’ is on the lam. A $5K reward for his punk ass? Mom will buy people off with her spa money.

Privilege means ‘private law’ and it’s available for anyone with money.

9 Kryten42 { 12.21.15 at 4:55 am }

That’s so true. It will be interesting to see what happens.

OT: Seems the Gov is after Apple:

Tim Cook won’t pay for Apple’s offshore billions until tax laws catch up with the ‘digital age’

Can’t say I blame him, and I don’t like Apple anymore.

I’ve had nothing but trouble trying to get rulings from our ATO about my online business. They are glad to tell me what they think, but ask them to put it in writing & all I get is silence. I even took a certified tax accountant, and he got nothing also.

And the morons running the country wonder why all the businesses are going offshore.

I can’t see anything getting better until we have a *real* global economy! Which of course won’t happen. At least, not without a world war.

10 Bryan { 12.21.15 at 4:12 pm }

Apple has been moving money around the world to keep from paying anyone for the services they use. Everyone has to pay for the infrastructure necessary for life, and Apple doesn’t intend to pay anyone.

You are paying the GST/VAT on everything, just like I pay sales tax, but corporations get exemptions. The little guys pay through the nose, but major corporations get refunds for taxes they haven’t paid. That’s right, they have negative tax bills because of the exemptions the Congresscritters they own put into the tax codes.

Small business gets screwed so corporations can benefit.

11 Kryten42 { 12.21.15 at 8:36 pm }

Actually, we don’t yet pay GST on everything.

Things that are GST-free include:
* most basic food
* some education courses, course materials and related excursions or field trips
* some medical, health and care services
* some medical aids and appliances
* some medicines
* some childcare services
* some religious services and charitable activities
* supplies of accommodation and meals to residents of retirement villages by certain operators
* cars for disabled people to use, as long as certain requirements are met
* water, sewerage and drainage
* international transport and related matters
* precious metals
* sales through duty-free shops
* grants of land by government
* farmland
* international mail
* exports
* sales of businesses as going concerns
* some telecommunications supplies
* eligible emissions units.

But the Lib’s are trying to raise the GST to 15% & on everything, no exemptions! It’s insane. It will make it virtually impossible for export business to compete internationally, and for farmers to compete with imports. Food & medical will go through the roof.

Of course, it won’t really impact the wealthy much.

OT: See what our morons @ ASIO (and sadly they now seem to be accompanied by ASIS in the *who can FUBAR the most* competition).

Australia’s bungling spies dialed wrong numbers and bugged wrong phones

Among other bit’s of incompetence. And that’s just this year! At least they didn’t blow anyone up this year, AFAIK anyway :/

” In separate incidents, Australia’s foreign spy agency, ASIS, sent private information about Australian citizens to foreign intelligence organisations without permission. It also spied on Australians without ministerial authorisation, had officers fire weapons they were not authorised to do and was chided about official record keeping.”

Seriously?! SO glad I am long out of it!

12 Bryan { 12.21.15 at 9:03 pm }

‘Precious metals’ sounds a lot like the emu feed exemption from sales tax. 😉

Technically, if you buy condoms in Florida to prevent pregnancy you have to pay sales tax, but if they are to prevent disease you don’t.

Sure they want to raise the GST because it doesn’t affect the top 1% much.

Yeah, NSA is now longer the organization I was in. These days they amount to a criminal conspiracy as far as I’m concerned. They have joined Counter-Terrorism Inc. and lost contact with their core missions.