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Also, regarding the Shrekli case, didn’t everyone end up financially better off than they started?
by psergeant 9y ago
Also, regarding the Shrekli case, didn’t everyone end up financially better off than they started?
- hyperbovine 9y agoUmm, the money had to come from somewhere.
- justAnotherNET 9y agoYeah. He failed with A, spun up B. B did well, he paid off A with B and B made money. Technically fraud. Everyone got paid, but he still committed a process crime
- aplummer 9y agoNah they did. He lost their money on stocks, lied about the state of their investments then paid them all a healthy return from his drug ventures with them none the wiser.
- L_Rahman 9y agoIt came from the pockets of insurers and individuals who couldn't afford insurance at all when he jacked up the prices of essential drugs. That wasn't illegal at all though :) Just that he lied to his investors about the source of the returns.
- gowld 9y agoPeople who can't afford insurance can't afford retail price either, and get discounts.