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Hedge Fund Manager raises price of HIV drug 5000%


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I have little doubt that this 'gentleman' deserves all that is coming to him.

 

Besides his guilt and what he deserves...... there is another side issue that came up.

 

 

Dear Mr. Raymond and Mr. Ingram:

 

Today you reported on the arrest of the widely-hated Martin Shkreli on securities fraud charges. You ran a picture of the "perp walk" — the once-free now-defendant being led away in handcuffs by law enforcement

 

MessOPottage-480x320.jpg

 

Here's your oblique comment about getting that sought-after shot:

Reuters witnessed Shkreli's predawn arrest at the Murray Hill Tower Apartments in midtown Manhattan. Law enforcement, including FBI agents, could be seen escorting the hoodie-clad 32-year-old into a car.

 

 

Now, it's possible that Reuters photographers were outside those apartments before dawn because of moxie and hustle. Maybe someone tipped them that a whole bunch of feds had just shown up at that building, and they put two and two together and ran right over in time for the shot. Maybe they heard coordination with the locals over police scanners.

Or maybe not.

 

Based on my experience with perp-walked clients I think the more likely scenario is that a government agent responsible for investigating and prosecuting Mr. Shkreli tipped Reuters off about the arrest — that someone told Reuters to be there to catch the perp walk.

 

If Reuters was there through independent investigation, then good for them. But if Reuters was there because of a tip from law enforcement, then I'd like to ask a couple of questions.

 

There are two subjects on which Reuters could have informed its audience, two sets of questions it could have answered:

 

Subject One: Who leaked the time and place of the arrest? Was it an FBI agent, a prosecutor, staff, a coordinating local cop? How high up in the government did the decision to leak the arrest go? Did the leak violate the law? Did it violate the defendant's rights? What was the government's purpose in leaking the time and place of the arrest? How does this instance fit into the pattern of which arrests get leaked and which don't? Which nonviolent defendants without records get arrested, and which get summonsed in (or self-surrender through arrangement with their lawyers), and why? What impact does a front-page picture of a defendant in handcuffs have on the jury pool? Is that impact a feature, or a bug, of leaking it? Was the leak intended to inflict extra-judicial humiliation and punishment on the defendant? If the government lies about whether or not it leaked, would you still keep it secret?

 

Subject Two: What would Martin Shkreli look like being led away in handcuffs?

 

It seems Reuters chose to address the second subject.

 

I don't know whether or not you two personally had a hand in accepting any leak from the government, or whether you even know what happened. But I'd still like to ask you about that choice.

 

Why did Reuters choose Subject Two over Subject One?

 

Why should I trust Reuters' reporting on criminal justice matters when it is the type of organization inclined to answer the banal tabloid question posed by Subject Two, rather than the questions contained in Subject One?

 

https://popehat.com/2015/12/17/an-open-letter-to-reuters-reporters-nate-raymond-and-david-ingram/

 

 

 

Now again, for the simple minded (not you bd) ...................this post is not really about Mr Shkreli........he can rot in hell,

 

but questions our media and it's methods..........................we always have to be careful when reading their "balanced news reports"

 

 

 

 

.

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I have little doubt that this 'gentleman' deserves all that is coming to him.

 

Besides his guilt and what he deserves...... there is another side issue that came up.

 

 

Dear Mr. Raymond and Mr. Ingram:

 

Today you reported on the arrest of the widely-hated Martin Shkreli on securities fraud charges. You ran a picture of the "perp walk" — the once-free now-defendant being led away in handcuffs by law enforcement

 

MessOPottage-480x320.jpg

 

Here's your oblique comment about getting that sought-after shot:

Now, it's possible that Reuters photographers were outside those apartments before dawn because of moxie and hustle. Maybe someone tipped them that a whole bunch of feds had just shown up at that building, and they put two and two together and ran right over in time for the shot. Maybe they heard coordination with the locals over police scanners.

Reuters witnessed Shkreli's predawn arrest at the Murray Hill Tower Apartments in midtown Manhattan. Law enforcement, including FBI agents, could be seen escorting the hoodie-clad 32-year-old into a car.

 

 

Or maybe not.

 

Based on my experience with perp-walked clients I think the more likely scenario is that a government agent responsible for investigating and prosecuting Mr. Shkreli tipped Reuters off about the arrest — that someone told Reuters to be there to catch the perp walk.

 

If Reuters was there through independent investigation, then good for them. But if Reuters was there because of a tip from law enforcement, then I'd like to ask a couple of questions.

 

There are two subjects on which Reuters could have informed its audience, two sets of questions it could have answered:

 

Subject One: Who leaked the time and place of the arrest? Was it an FBI agent, a prosecutor, staff, a coordinating local cop? How high up in the government did the decision to leak the arrest go? Did the leak violate the law? Did it violate the defendant's rights? What was the government's purpose in leaking the time and place of the arrest? How does this instance fit into the pattern of which arrests get leaked and which don't? Which nonviolent defendants without records get arrested, and which get summonsed in (or self-surrender through arrangement with their lawyers), and why? What impact does a front-page picture of a defendant in handcuffs have on the jury pool? Is that impact a feature, or a bug, of leaking it? Was the leak intended to inflict extra-judicial humiliation and punishment on the defendant? If the government lies about whether or not it leaked, would you still keep it secret?

 

Subject Two: What would Martin Shkreli look like being led away in handcuffs?

 

It seems Reuters chose to address the second subject.

 

I don't know whether or not you two personally had a hand in accepting any leak from the government, or whether you even know what happened. But I'd still like to ask you about that choice.

 

Why did Reuters choose Subject Two over Subject One?

 

Why should I trust Reuters' reporting on criminal justice matters when it is the type of organization inclined to answer the banal tabloid question posed by Subject Two, rather than the questions contained in Subject One?

 

https://popehat.com/2015/12/17/an-open-letter-to-reuters-reporters-nate-raymond-and-david-ingram/

 

 

 

Now again, for the simple minded (not you bd) ...................this post is not really about Mr Shkreli........he can rot in hell,

 

but questions our media and it's methods..........................we always have to be careful when reading their "balanced news reports"

 

 

 

 

.

yes, there are many implications beyond the actions of this sociopath. i don't feel the issue that you brought up is among the most profound. that some one in law enforcement may have sought to vilify this cretin perhaps because he was instrumental in the demise of a family member or friend is unsurprising and easily rationalized. additionally, it's an unproven allegation. scoops are what the media lives for and rightly so. inquiring minds want to know.

 

the deepest implication to me is the underlying culture that encourages and then defends such behavior, at least initially. the scumbag argued that capitalism demanded that he profiteer to the maximum possible regardless of the effects on many real suffering people. on purely economic, free market grounds that is sound reasoning. even me, the bleeding heart liberal, can understand that logic before almost immediately rejecting it after realizing that pure, unfettered capitalism can be destructive. it's a conditioned response resulting from years of rampant materialism flooding over the entire culture. that's truly sad. the fact that most society eventually came to realize how distasteful and reprehensible these actions were is cause for measured optimism.

 

the moral: pure capitalism and health care are not well suited.

Edited by birdog1960
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  • 1 month later...

http://in.reuters.com/article/us-usa-congress-shkreli-idINKCN0VD20S

 

 

Former drug executive Martin Shkreli laughed off questions about drug prices and tweeted that lawmakers were imbeciles on Thursday, when he appeared at a U.S. congressional hearing against his will.

Shkreli, 32, sparked outrage last year among patients, medical societies and Democratic presidential front-runner Hillary Clinton after his company, Turing Pharmaceuticals, raised the price of 62-year-old Daraprim by more than 5,000 percent to $750 a pill.

The lifesaving medicine, used to treat a parasitic infection, once sold for $1 a pill.

At a hearing of the U.S. House Committee on Oversight and Government Reform, Shkreli repeatedly invoked the Fifth Amendment of the U.S. Constitution, which says no person shall be compelled in any criminal case "to be a witness against himself."

 

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http://www.youtube.com/watch?v=4Tmg_EMeugg&feature=share

 

This is kind of interesting in spots (skip around unless you really want to listen to them talk about hip hop and his purchase of Wu-Tang's album -- I find that fun but most probably will not), particularly around 5:35 mark to around the 6:20 mark (his reaction to Bridger Capital).

 

It comes up again later in the interview (19:17, and again at 22:30 through around 24:00 which is maybe the most interesting part) but it's kind of intriguing to see how his entire body language changes after the revelation that Charlamagne (the host in the white hoodie) was at Bridger Capital the other day and IG'ing pictures from there (which have since been deleted from Charlamagne's Instagram account).

 

The most revealing exchange (to me):

 

Martin Shkreli: I'm still stunned, because you know--

 

Charlamagne: Why because I'm black?

 

MS: No, that is the most elite of the elite--

 

C: Is it because I have a Wu-Tang hat on? Why couldn't I be at Bridger Capital?

 

MS: Because it's one of the most elite and secret places there is.

 

C: That is a fact.

 

MS: And it's not about white or black, my friend, NOBODY knows what that place is.

 

Second host: And we shouldn't be talking about it...

 

MS: No, and if you know what is it's like... whoa. That's the highest of the high, that's like, "shhhh"

 

 

 

...And, though I don't buy into much of this personally, this part is !@#$ing hilarious. This is the company that does the lighting for the enigmatic Bridger Captial :lol:

http://www.luciferlighting.com/Gallery/Corporate/Bridger-Capital

 

Completely coincidentally (or maybe not), hours after this interview this report comes out from Reuters: http://www.reuters.com/article/us-usa-crime-shkreli-idUSKCN0VC243

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