💼 Careercow Martin Shkreli - Former Pharma Exec, Criminal, Impotent Rageaholic

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This guy deserves a thread way more than Jenner does. His current legal problems may prevent milk from flowing though.
 
Flowers For Sonichu said:
He chimps out a lot more than many of our lolcows do (like dobson :ween:). I mean, dude's worth AT LEAST $45 million, which is what the feds found in his E-trade account that they froze. He could ignore the haters on twitter and be doing mountains of blow off a pornstar's ass, but instead he feeds the trolls on twitter.
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A lot of what he does is just bait. He's kind of like @LikeicareKF but on a much larger scale.
Live streaming seems to have replaced trading as an occupation for him. I roughly added it up and he's streamed around 60 hours in the last week.
 
Plague said:
45 million and all he does is sit on the internet and bitch while listening to Wu Tang Clan? Is there any other real history on this guy like past jobs or his family life?
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It really looks like his entire life is owed to him finding his way into connections with Jim Cramer. Prior to the recent drama and legal issues, he's clashed with the SEC multiple times in the past, he was originally investigated by the SEC at age 19 when he somehow knew precisely when to advise Jim Cramer to short sell a bunch of shares of a shoddy biotech company and they all made huge profits by doing so. SEC was pretty curious as to how a 19 year old with little investing experience was able to predict this and convince an established investing firm to follow his advice.

He went on to have multiple other suspicious successes in short selling pharma and biotech companies for big profits. He was able to manipulate stock prices on some companies by petitioning the FDA not to approve their products and then he short-sold a lot of shares of these companies because he knew the stalling of FDA approval that he caused would result in their stock prices falling.

He isn't good at what he does, his entire career since age 19 is suspicious as fuck, looks like he's been insider trading his entire life, going so far as to get away with manipulating stock prices entirely on his own. He got a lucky start with this shit, but once you hit millions fucking with cheap stocks, you can afford to snowball that into a career. It's astounding that he's gotten so far in life without seeing criminal charges filed against him sooner, I genuinely don't think anything he has done in the investment world has ever been legitimate.

Just read his Wikipedia page, almost nothing he has done appears to have ever been accomplished without manipulation or ridiculously 'convenient' timing on buying or shorting stocks. Also apparently Lehman Bros. had won a pretty big case against him for millions of dollars, but the 2008 financial crisis caused Lehman Bros. to close up shop before they could collect on all the money he owed them. Shkreli is the greasiest piece of shit I've read about in a pretty long time, I haven't felt this negatively about anyone in the financial world since Bernie Madoff.
 
Ariel said:
A lot of what he does is just bait. He's kind of like @LikeicareKF but on a much larger scale.
Live streaming seems to have replaced trading as an occupation for him. I roughly added it up and he's streamed around 60 hours in the last week.
https://youtube.com/watch?v=zRl8mCqM4gA
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I wonder whether this is from him not actually liking trading and just having gone into it because he grew up poor and wanted to become rich or whether it came from just lacking the willpower to apply himself to trading
 
This guy also owned an eSports team at one point, although his involvement with it was very minimal. And that eSports team appeared to be one of the many toys that he wanted to play with, which is not much different from the Chinese millionaires/billionaires that make eSports teams as a hobby.
 
Ariel said:
A lot of what he does is just bait. He's kind of like @LikeicareKF but on a much larger scale.
Live streaming seems to have replaced trading as an occupation for him. I roughly added it up and he's streamed around 60 hours in the last week.
https://youtube.com/watch?v=zRl8mCqM4gA
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Maybe he's a performance artist to expose the evils of capitalism like Jace was creating caricature of a dudebro gamer? Jan stuck a toothbrush up his ass and pissed himself, this guy could be taking it to the next level by going to jail. :stress:
 
Jace E. Denton said:
I haven't felt this negatively about anyone in the financial world since Bernie Madoff.
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Say what you like about Bernie Madoff, most people considered him a nice person before they discovered his true nature. Can you imagine people arbitrarily handing billions over to a man doing his best to emulate a retarded chimpanze with anger management issues?
 
Forever Sunrise said:
Say what you like about Bernie Madoff, most people considered him a nice person before they discovered his true nature. Can you imagine people arbitrarily handing billions over to a man doing his best to emulate a retarded chimpanze with anger management issues?
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Yes, because they already did it. That is basically all his hedge fund ever did. It lost over 7 million dollars in a failed short attempt on a biotech company, where Shkreli borrowed the shares from Merrill Lynch and then told Merrill Lynch he couldn't afford to pay them back (which was untrue). He then went on to tell his own investors in MSMB Capital that the short sell WORKED and that he had doubled their money, even though the entire trade went tits up, his investors didn't know this, and he challenged them to basically cash out immediately or he could continue to make them richer, which is a pretty classic scam tactic. He lied so bad about this trade that he claimed his hedge fund had over 35 million dollars (at the time) as a result of the trade, when in reality it literally had 700 dollars left of liquid assets.

It's been done by dozens of crooks in the past, including Madoff, it's pretty much investor defrauding 101. People don't care if someone is nice, you don't have to be nice to be a good con artist. Shkreli has essentially made himself a millionaire by lying to everyone he has ever worked with in the financial world.

He should have been financially ruined years ago when he tried to short the market against Lehman Brothers and failed. He knew it was going to ruin him so he tried to completely refuse to pay Lehman Bros. and he was extremely lucky they went out of business the very next year.

If you have time, read the entire article Vanity Fair did on him:

http://www.vanityfair.com/news/2015/12/martin-shkreli-pharmaceuticals-ceo-interview

He appears to be a very good manipulator and salesman. He is far from an investing genius. The few times he made legitimate trades without manipulation are very much outweighed by the dozens, if not hundreds, of times he has run pump and dump cons on investors. It's mind boggling how much shit he has gotten away with in his life before finally fucking up and running into criminal charges. He does have many lawsuits still going against him by investors, former employees and leviathan investment firms that he has lied to over the years. In the end, if prison doesn't ruin him, all of this scamming is eventually going to come back on him very hard and he will probably lose nearly everything when these civil suits don't end up in his favor.

The more I read about him, the more I can't claim he is unintelligent, I will give him that, but "fraud" is the only single word description that comes to mind in regards to Shkreli. He's really just another shithead running the world's oldest scam of promising to make people rich so he can use their money to play with his own investments, that's how he's gotten to where he is currently. The vast majority of these types of people end up being financially and socially ruined themselves, not to mention in prison.

But really, read that entire article if you get a some time, it'll paint a far better picture of this guy's so-called career. His recent social behavior really just looks like that of someone who knows the jig is up, I think he's trying to live it up as much as possible with his live streaming and gaming because he realizes he is going to come crashing down in the next few years.

Funny enough, one of the few things I don't even fault him for is the actual thing that put him in the public eye to the start with and that would be the price increase of Daraprim. To me, while it might be morally wrong to some, it's just something businesses do, and ironically it is one of the few things he's done that wasn't based on lies or fraud, it was him wanting to see how the market would respond and whether or not it would be successful to the company. It's really when you learn about his past and how he got to where he is that he starts becoming so easy to classify as a complete fuckbag.

Anyway, he isn't the first Wall Street con artist and he sure as shit won't be the last. So fuck him, let the chips fall and see where he ends up legally when the dust settles.
 
Besides the obvious ponzi scheme he was running, how the fuck did he get so wealthy at a young age? Was his parents rich? He seems like someone who has never had to work for anything ever and was just allowed to do what he wanted, like that "Affluenza" teen that just got caught in Mexico recently.

In terms of douchebaggery this guy is the real life Seto Kaiba.
 
Note: Donald Trump called this guy a "spoiled brat."

Donald Trump.

And was right.

Jace E. Denton said:
Funny enough, one of the few things I don't even fault him for is the actual thing that put him in the public eye to the start with and that would be the price increase of Daraprim.
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It was one of the few things he's done that isn't outright criminal. In fact, there was arguably nothing illegal about it at all, although perhaps shareholders of the company he threw into disgrace could sue him in a derivative action.

But you should really be careful about becoming publicly hated when there are so many ways of taking you down, because someone will.

Ripping people off in outright scams on Wall Street may not be nice, but it's more or less accepted as part of how the game is played and it's ridiculous how much you can get away with. They'll let this shit slide forever and figure the civil courts will take care of it.

Be an inhuman monster hated by all of humanity, though, and they'll figure out some way of taking you down, and that's exactly what happened. Even if being an inhuman monster is entirely legal.
 
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I bet that motherfucker broke Once Upon a Time in Shaolin, too. He seems like a big enough of a cunt to do that.
 
King n Yellow said:
Besides the obvious ponzi scheme he was running, how the fuck did he get so wealthy at a young age? Was his parents rich? He seems like someone who has never had to work for anything ever and was just allowed to do what he wanted, like that "Affluenza" teen that just got caught in Mexico recently.

In terms of douchebaggery this guy is the real life Seto Kaiba.
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His parents were Bosnian war refugees who immigrated to the US in the early '90s. So he didn't start out with much, but he managed to scam his way up there with the best.
 
Hodor said:
I bet that motherfucker broke Once Upon a Time in Shaolin, too. He seems like a big enough of a cunt to do that.
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He's going to have to pay lots of legal fees (not to mention buy lots of lube).

One can hope someone buys it for a fraction of what he paid for it, then releases it for free in a glorious reversal of his own behavior.

Yeah, yeah, yeah. *rates self Optimistic*
 
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