Martin Shkreli -- Truest Republican of All

[ideologyhunter]

1. Raised price of anti-malarial drug Daraprim from $13.50 a tab to $750.00.
2. Therefore clearly has the stockholders at heart.
3. It's used to help HIV patients -- so take that, gays.
4. Stated that, if anything, he should have taken the ultimate flexibility of drug pricing even more to heart and RAISED THE PRICE EVEN MORE, because his duty is to the stockholders, y'know.
5. Arrested this week for securities fraud -- a rite of passage for today's entrepeneurial class.

Goddamn we need socialized medicine on the Scandinavian model. Just to see this guy's smirking face is more than I can stand.

 

[Horatio Parker]

In 2009, Shkreli founded another hedge fund, MSMB Capital Management. According to the Justice Department, he started courting potential investors by, well, lying to them.

Some of the lies were boring, but important. Shkreli told would-be investors that the fund had enough liquid assets—cash, basically, and things that could be quickly turned into cash—that they’d be able to withdraw their money whenever necessary (it did not). Shkreli also said the fund had an independent auditor making sure everything was on the up and up (it did not). Some of the lies were through omission. For instance, Shkreli neglected to mention “that he had lost all the money he managed in Elea Capital” (oops). And some of the lies, according to the feds, were extravagant fabrications. In December 2010, he told one potential investor that MSMB had $35 million under management. In fact, the Justice Department says the fund only had $700 to its name. No, that figure is not missing zeros. Shkreli had already lost almost all of the initial $700,000 he raised.

No matter. A week later, the investor wired over $1 million. (Then soon topped it off with another $250,000.) All told, about eight investors handed $3 million to Shkreli for care.

By February 2011, events had turned dire for Shkreli and MSMB Capital. That month, the fund shorted millions of shares of a biotechnology stock—wagering that its price would drop. It didn’t, and Shkreli was ultimately left owing his bankers at Merrill Lynch $7 million. (Seemingly just like in the Lehman case, he’d failed to cover his trade.) Not even counting that disaster, other trading losses had knocked the fund’s assets from $1.12 million down to $58,000. That month, the Justice Department says, MSMB Capital stopped trading. For all intents and purposes, it was defunct.

http://www.slate.com/blogs/moneybox...hkreli_was_arrested_for_securities_fraud.html

 

[Derec]

"Truest Republican" donates to Democrats.
Democratic Senatorial Campaign Commitee took $33,400 from Big Pharma’s big jerk Martin Shkreli

 

[untermensche]

Yes, the days when it was mainly Republicans working against the interests of ordinary people in support of big business are long over.

Now it's the entire Congress.

Minus Bernie.

 

[thebeave]

"Truest Republican" donates to Democrats.
Democratic Senatorial Campaign Commitee took $33,400 from Big Pharma’s big jerk Martin Shkreli

Maybe its not too late to change the title of the thread?

 

[Don2 (Don1 Revised)]

I checked two reputable fec donor lookup sites, including fec.gov and opensecrets.org. Neither one has this information.

The linked number actually points to other people as well:
http://docquery.fec.gov/cgi-bin/fecimg/?201508200200233934

If you do an independent search on Martin Shkreli, there is some guy there but it doesn't say he was working for Turing. While it cannot be confirmed that this other person is the same Martin Shkreli, he donated to both Republicans and Democrats and this is common for businessmen trying to get in bed with both parties whether it works or not. For example, the tobacco industry was donating to both parties even when Clinton/Gore were initiating lawsuits against them.

So this appears to be a hoax, but again even if not, political donations by businessmen in particular does not point necessarily to their political ideology.

 

[maxparrish]

What a dumb op. BUT in the same spirit, how about identifying the truest Democrat ever?

Madoff was major Democratic campaign contributor

(CNN) - Alleged Ponzi scheme mastermind Bernard Madoff has been a major political donor, directing hundreds of thousands of dollars to Democratic lawmakers over the past two decades.

Since 1991, Madoff and other individuals connected with Bernard L. Madoff Investment Securities made campaign contributions totaling $372,100, with about 89 percent of those funds directed to Democrats, according to OpenSecrets.org, the Web site of the Center for Responsive Politics. The majority of the senators and representatives who benefited from these donations were New York-area legislators.

In 2008, Madoff contributed $50,000 to the Democratic Senatorial Campaign Committee, pushing his total donations to the group since 1992 over the six-figure mark.

You can't make this stuff up. LOL...

 

[dismal]

"Truest Republican" donates to Democrats.
Democratic Senatorial Campaign Commitee took $33,400 from Big Pharma’s big jerk Martin Shkreli

No fair, if:

6. Preening narcissistic douchebag

Had been on the list it would have been obvious he was a Democrat.

 

[Tom Sawyer]

Well, I imagine that he's against the government overreaching into areas it doesn't belong, like arresting people for fraud, so that's kind of Republican.

 

[GenesisNemesis]

What a dumb op. BUT in the same spirit, how about identifying the truest Democrat ever?

Madoff was major Democratic campaign contributor

(CNN) - Alleged Ponzi scheme mastermind Bernard Madoff has been a major political donor, directing hundreds of thousands of dollars to Democratic lawmakers over the past two decades.

Since 1991, Madoff and other individuals connected with Bernard L. Madoff Investment Securities made campaign contributions totaling $372,100, with about 89 percent of those funds directed to Democrats, according to OpenSecrets.org, the Web site of the Center for Responsive Politics. The majority of the senators and representatives who benefited from these donations were New York-area legislators.

In 2008, Madoff contributed $50,000 to the Democratic Senatorial Campaign Committee, pushing his total donations to the group since 1992 over the six-figure mark.

You can't make this stuff up. LOL...

Not sure what the issue is there. No one knew what he was up to in the years before his conviction. But you don't care about plausible deniability, I guess.

 

[arkirk]

What a dumb op. BUT in the same spirit, how about identifying the truest Democrat ever?



You can't make this stuff up. LOL...

Not sure what the issue is there. No one knew what he was up to in the years before his conviction. But you don't care about plausible deniability, I guess.

Does anybody remember the end of the Clinton administration with all those pardons for criminals? Maybe Madoff was investing in the chance he might be buying a get out of jail card 10 or more years down the line.. It's true...you can't make this stuff up!

I don't think Sanders would let him off, but Hillary might......

 

[arkirk]

I think what the guy did with the pills is his greatest crime...not that ponzi schemes are not also crimes.

 

[Keith&Co.]

What a dumb op. BUT in the same spirit, how about identifying the truest Democrat ever?

So, to 'max' the phrase 'in that spirit' means 'Something only tangentially connected?'

Nothing in the OP says he was a republican because he donated money to either side.
Madoff donated to Democratic AND Republican politicians.
that doesn't make him Dem nor Rep, just shrewd.


However, gouging desperate people for the benefit of company stockholders certainly reflects a working knowledge of good Christain charity that the GOP is always prioritizing....