{"id":179357,"date":"2018-03-09T19:47:00","date_gmt":"2018-03-10T00:47:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2018\/03\/09\/one-down-nine-thousand-nine-hundred-and-ninety-nine-to-go\/"},"modified":"2018-03-09T19:47:00","modified_gmt":"2018-03-10T00:47:00","slug":"one-down-nine-thousand-nine-hundred-and-ninety-nine-to-go","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2018\/03\/09\/one-down-nine-thousand-nine-hundred-and-ninety-nine-to-go\/","title":{"rendered":"One down, Nine Thousand Nine Hundred and Ninety Nine to Go"},"content":{"rendered":"<p>Martin Shkreli <a href=\"https:\/\/www.washingtonpost.com\/news\/business\/wp\/2018\/03\/09\/martin-shkreli-to-be-sentenced-friday-faces-more-than-decade-in-prison\/\">has been sentenced to seven years in prison for fraud<\/a>.<\/p>\n<p>The obvious follow-up question is, &#8220;What about the other guys?&#8221;<\/p>\n<p>People like Lloyd Blankfein, Tim Sloan, Jamie Dimon, Brian Moynihan, etc.<\/p>\n<blockquote><p><span style=\"color: blue;\">A federal judge on Friday sentenced Martin Shkreli, the notorious former hedge fund manager, to seven years in prison for defrauding his investors of $10 million.<\/span><br \/><span style=\"color: blue;\"><br \/><\/span><span style=\"color: blue;\">In imposing the sentence, U.S. District Judge Kiyo Matsumoto roughly split the difference between the 15 years prosecutors asked for and the up to 18 months sought by Shkreli\u2019s defense team. Shkreli, 34, who delivered a tearful speech to Matsumoto apologizing for his conduct and pleading for leniency, did not react to the sentence.<\/span><br \/><span style=\"color: blue;\"><br \/><\/span><span style=\"color: blue;\">A complicated picture of Shkreli emerged from the trial, said Matsumoto, who said the case had given her a case of insomnia. \u201cIt is more than clear that Mr. Shkreli is a gifted individual with a passion for science,\u201d she said. But his crimes are serious and it is important to send a message that such fraud should be not tolerated, she said. \u201cWhite collar offenders like Mr. Shkreli use their intelligence and acumen to elude detection,\u201d she said.<\/span><br \/><span style=\"color: blue;\"><br \/><\/span><span style=\"color: blue;\">Shkreli, best known for raising the price of an AIDS drug by 5,000 percent when he was chief executive of Turing Pharmaceuticals, was convicted last August of defrauding the investors in his hedge funds, MSMB Capital and MSMB Healthcare. Shkreli lied to obtain investors\u2019 money and then didn\u2019t tell them when he made a bad stock bet that led to massive losses, prosecutors argued. Instead, they said, he raised more money to pay off other investors, or took money and stock from Retrophin, a drug company he founded.<\/span><\/p><\/blockquote>\n<p>We need to throw a whole bunch more people in jail, but it ain&#8217;t gonna happen.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Martin Shkreli has been sentenced to seven years in prison for fraud. The obvious follow-up question is, &#8220;What about the other guys?&#8221; People like Lloyd Blankfein, Tim Sloan, Jamie Dimon, Brian Moynihan, etc. A federal judge on Friday sentenced Martin Shkreli, the notorious former hedge fund manager, to seven years in prison for defrauding his &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[368,456,407,486],"class_list":["post-179357","post","type-post","status-publish","format-standard","hentry","tag-corruption","tag-finance","tag-justice","tag-schadenfreude"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/179357"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=179357"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/179357\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=179357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=179357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=179357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}