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I never suggested the judges decision was off the cuff, you just made that up. I simply stated that he is doing 7 years for a $10.4M hypothetical loss that neve
by dayaz36 9y ago
I never suggested the judges decision was off the cuff, you just made that up. I simply stated that he is doing 7 years for a $10.4M hypothetical loss that never happened.
- dragonwriter 9y agoAre you saying that the investors money was not actually taken under false pretenses? Because the legal rule, based on precedent, applied was that the value fradulently taken (whether or not later returned) is the “loss amount” for sentencing purposes.
- dayaz36 9y agoNot disputing that. Just saying there were no ACTUAL losses.
- mruniverse 9y agoNo actual loss because he returned it?
- meritt 9y ago> hypothetical loss There were massive losses. It was only after Shkreli's scheme was unraveled and he realized was likely going to prison for his crimes that he gave disgruntled investors Retrophin stock to make up for their losses. Making things right after being caught committing a crime doesn't make the crime disappear.