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He wasn't charged for raising the price of daraprim. That wasn't illegal. Defrauding investors is illegal. I highly doubt the case will be overturned.
by meowface 9y ago
He wasn't charged for raising the price of daraprim. That wasn't illegal. Defrauding investors is illegal. I highly doubt the case will be overturned.
- harryh 9y agoWould you like to bet on it? I've got $100 that says his sentence will be reduced by at least 50%.
- meowface 9y agoSure. Know a good betting platform? Maybe his sentence will be reduced somewhat, but I doubt by half. Also, we'll need to remove time-off for good behavior (which everyone gets by default unless they get in trouble) as part of the bet. 7+ years for defrauding investors is not uncommon, regardless of the other circumstances around the case and the defendant.
- rayiner 9y agoFederal good time credits are limited to 15% of the sentence, so he'll serve at least 6 years if the sentence isn't reduced on appeal.[1] [1] Actually, slightly more than 6 years because Congress is completely incompetent: http://famm.org/wp-content/uploads/2013/08/FAQ-Federal-Good-Time-6.7.pdf http://famm.org/wp-content/uploads/2013/08/FAQ-Federal-Good-....
- harryh 9y agoI agree to your terms. I'm fine without a betting platform. All my contact info is in my HN profile. If you want to ping me via email or twitter so we know how to get in touch that would be convenient.
- seabird 9y agoHe was prosecuted for raising the price of Daraprim, at least indirectly. This case is peanuts in the world of investment fraud, but Shkreli was an extremely soft target and a prosecutor looking to make a name for themselves saw the opportunity and took it. There's very little chance of the case being overturned, but I'm guessing he'll go for a sentence reduction by trying to emphasize that his sentence is based on a hypothetical loss number.