That smug hedge fund manager that everyone hates is probably going to jail

[Great Rumbler]

Martin Shkreli, the former hedge fund manager vilified in nearly every corner of America for buying a pharmaceutical company and jacking up the price of a lifesaving drug more than fiftyfold, was arrested Thursday on securities fraud charges unrelated to the furor.

The boyish-looking 32-year-old entrepreneur — a relentlessly self-promoting figure who has called himself "the world's most eligible bachelor" on Twitter and recently plunged into the hip-hop world by buying an unreleased album by the Wu-Tang Clan — was taken into custody in a gray hoodie and awaited an appearance in federal court in Brooklyn.

Online, many people took instant glee in his arrest, some of them joking about a judge ratcheting up his sentence or lawyers jacking up their hourly fees 5,000 percent for defending him in his hour of need.

His attorneys had no immediate comment.

Shkreli was charged in an indictment unconnected to the drug price hikes imposed by his company Turing Pharmaceuticals. The charges instead involve his actions at another pharmaceutical company, Retrophin, which he ran as CEO up until last year.

Prosecutors said that in a "Ponzi-like scheme" between 2009 and 2014, Shkreli lost hedge fund investors' money through bad trades, then raided Retrophin for $11 million in cash and stock to pay back his disgruntled clients.

Shkreli "engaged in multiple schemes to ensnare investors through a web of lies and deceit," U.S. Attorney Robert Capers said in a statement.

Shkreli was charged with securities fraud and conspiracy. A second defendant, lawyer Evan Greebel, of Scarsdale, New York, was charged with conspiracy. It was not immediately clear who would represent Greebel. If convicted, both men could get up to 20 years in prison.

Guess what, sometimes bad things happens to bad people and you want to celebrate with a family dinner at Olive Garden.

[Am_I_Anonymous]

What a belligerent douchebag. Now is the time in life he will pay for all his "i'm better than you because I was given money and opportunity by my father" lines he dropped on people.

Good riddance to bad rubbish I'd say but this is America and he'll end up doing 2 years at a country club and be set free to continue to be a dick.



Oh and this whole pretend to be a thug look? Not good on you breh.....

[Brehvolution]

Isn't that the guy who bought that wu tang album?

[Madrun Badrun]

second paragraph.  Hopefully with him in jail it will be easier for them to steal the thing back. 

[Human Snorenado]

They never learn...

[Take My Breh Away]

https://twitter.com/Hedge76/status/677465444182179840

[benjipwns]

second paragraph.  Hopefully with him in jail it will be easier for them to steal the thing back.

and/or Bill Murray

[Am_I_Anonymous]

https://twitter.com/Hedge76/status/677465444182179840

My fucking hero.

[brob]

get done up by a lego batman twitter account brehs

[Shadow Mod]

Hedge fund managers/traders, get paid shit tons of money to move other money around 

[benjipwns]

If you let it all sit in one place it's a lot easier to find out where it is and how to steal it.

[Am_I_Anonymous]

Hedge fund managers/traders, get paid shit tons of money to move other money around 

In a way, so is comparing hungry hippos to Corporate acquisitions. 

[Shadow Mod]

Might as well be given that antitrust legislation been getting shit on by congress for a while now.

[Trent Dole]

What a belligerent douchebag. Now is the time in life he will pay for all his "i'm better than you because I was given money and opportunity by my father" lines he dropped on people.

Good riddance to bad rubbish I'd say but this is America and he'll end up doing 2 years at a country club and be set free to continue to be a dick.

(Image removed from quote.)

Oh and this whole pretend to be a thug look? Not good on you breh.....

http://hiphopdx.com/interviews/id.2825/title.martin-shkreli-plans-to-bail-out-bobby-shmurda
 

[Samson Manhug]

Woah. Strong everything on the officer/agent to his left. You almost never see a haircut, shirt, tie, or suit that look that nice on LEO/SA types. Bravo

[Samson Manhug]

Look at the difference between left and right. That perfect amount of cuff. Someone has a few J. Crew look books at home:







Those fabrics:






Tie tied to the perfect length, perfect knot size and placement:



 

[Madrun Badrun]

[seagrams hotsauce]

Oh and this whole pretend to be a thug look? Not good on you breh.....

lol chill out there zimmerman

[benjipwns]

perp-walk fashion critiques