4 ms·
Why do you believe there were no actual damages? Because investors eventually got their money back after years of fraud? (I would also argue the investors in Re
by cowsandmilk 9y ago
Why do you believe there were no actual damages? Because investors eventually got their money back after years of fraud? (I would also argue the investors in Retrophin lost millions in returns due to Shkreli's paying off MSMB Capital investors, but that is not what he was convicted of)
- gfosco 9y agoThey actually had their money tripled. Tripled. Tripled.
- dragonwriter 9y agoWere this a civil case for damages, that would be more relevant. The criminality of getting other people to give up their property with false representations is not eliminated by paying them back plus extra later, however. Civil damages mostly addresses the harm caused, criminal punishment is less about the harm caused by a particular act and more about the risk to society of normalizing the behavior.
- s73v3r_ 9y agoYeah, they got lucky. Can you guarantee that the next set of investors he pulls this fraud with will be as lucky?
- oh_sigh 9y agoHow much longer than normal were investor funds locked up for?