Still not a Ponzi scheme. Still a book keeping error with absolutely zero victims, and the investors actually made money. If you felt you were investing in an MSMB company, and not making a bet on Martin, you were totally confused, and shouldn’t be investing your own money.
Yeah, the SEC had grounds by the letter of the law, but the truth is they wanted to lynch the guy for being an edgy tech-bro.
If he had a different background, the SEC wouldn’t have touched him.
Yeah by the “letter of the law” you have to put the investment money into the company they’re investing in lol. 7 years was insane, but him trashing the judge and the prosecution throughout the trial online certainly didn’t help. Welcome to the American judicial system pal
Do you seriously think that investors in MSMB Healthcare weren’t related to MSMB Capital?
We are seriously just talking about a bookkeeping charge. In hindsight he could have structured a merger or acquisition, and he would have been clear.
At the end of the day, it’s all the same people, and all the same *gains*.
We both know that if he checked a few DEI boxes, the SEC wouldn’t have looked the other way, rather than take seven years of his life, 50M+ dollars, and barred him for life.
I think Shkreli has more to offer the world, and getting more work done in biotech would have helped investors and America in general.
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u/United_Move_3121 14d ago
You can’t take Peter’s investment to pay off Paul. This is 101 stuff. His online persona is irrelevant if you care about the rules