Only way to legally steal from people. Get a few of those corrupt fucks in your pocket and you'll never see the inside of a jail, maybe your opponents will, but not you.
@@joboring8397 Not really, only victim of loosing money and that’s because they invested in something bad, sad that people could of died because of his actions, but money rules the would
@@graci200008 that's not really true though. Yeah they invested in something bad but not because they were dumb but because they were lied to. How would you feel if you lost all your retirement savings because the 401k provider lied to you and and invested all the money in a big boat? They're still victims. Who are you to judge if they any more or less worthy of victimhood than the people who were screwed in the price gouging scheme?
@@joel.ha. its not feelings, idk about US law but these people are monopolising life-saving medicine and selling it for ridiculous prices because they know sick people who need the drug will do anything to get it, whatever the cost may be because no amount of money costs more than life, so they are literally using one of the most disgusting tactics ever, ruining sick people's lives, and potentially killing some who can't afford it, all for the sake of making maximum profits of off sick people who have no other option. This should be illegal and there should be laws and regulations to prevent it.
The important thing here is: what he did that he is hated for is still perfectly legal, will happen again, and will continue to happen. He only got punished for taking money from other rich people.
Therein lies the gap between the rich and everybody who aint,figure out how to enact the law on those that will do the same and it should become more mainstream.
He got time in jail because he messed with some big guys, not because he increased the price of a drug. The “victims” are not the people who needed the drug but some shareholders.
@@wjm154 he is actually a hero, he jacked the prices up for people with insurance and he would send the drug to people who need it for free. He did this so he could develop a better version of the drug.
He actually had an interview where he explained that he did this because nobody cared and nobody is affected, if someone messaged his company they would send the pills for free but since hospials did not care and insurance companies stayed silent, he was able to do that easily. Same goes for insulin. But happily I don’t live in US and healthcare is basically free in EU
Huh there was an Easter egg in watch dogs 2. The dude jacked up leukemia medicine prices and bought a copy of a fictional song from "bobo Dakes" Edit: too much comment
@@aldousboal4920 he jacked up the price to fund research into better medicine for diseases and only did because he knew the insurance companies would pay the price anyways. If people didn’t have insurance he would send out the medication for free. All round pretty good guy, but he just didn’t give a fuck about his image so it was easy for media to run his name to the dirt. Only semi-shady thing he did was when he worked at an investment institution and took risky trades on biotech options. Lost the capital of the fund and that’s who he owes the 64 million to. Even then, he made a lot of money on said biotech options as well and nobody complained until it went badly.
This seems to be pretty one sided. Shkreli made his pharmaceuticals essentially free to those that were uninsured, the “ridiculous” price was meant solely for the insurance companies that have been fucking over their customers for years.
@@diamondkonk1196 nope. If you needed the drug you could contact him personally or someone from his company. He's ripping off the insurance companies tho.
Exactly. Martin literally was teaching folks how to fuck the stock and pharma industry over because they fucked over the common person for so long. But it got sensationalized and the mainstream media basically ran with the story of him being the bad guy.
Don't hate the player, hate the game. If your system is riddled with loopholes and backdoors to allow this kind of shit to happens you need some fundamental changes not handing out charges to one of the people who played it.
Yeah fun fact the album he bought from the Wu-tang clan (once apon a time in shoalin), is the most expensive vinyl album ever bought. Coming in at $2 million dollars. For reference 2nd place was only $790,000
He jacked up the prices but only because insurance companies made hugh profits on drugs like that. If you didn’t have insurance, you could still get the drug for cheap.
That's so fucking good to hear that, im glad to hear he got taken care of. Hopefully he learned to not be an enemy to pretty much every damn human being.
The raised price to $750 was only for insurance companies.. there was a program for uninsured people to get it for cheaper. Idk, he’s definitely not the first as a lot of companies do this
@@LaertKraja1 exactly. I thought I saw an interview where he said $1, but I wasn’t sure. It’s crazy how they basically lynched this guy (and I don’t use that word lightly)
The drug he jacked the prices on was ineffective compared to its rival which was much more effective with many less side effects he did was this so only the rich can afford to continue using it while others will go to the better alternative
Honestly he's probably one of the most influential activists in recent history. He showed how involved big government is in the "free" market and why copyright and trademark laws are stupid. What a great man
Love it when the free market takes 1$ insulin and sells it to us for 100$ Adore not having sick leave because there's no incentive for it to be provided if no one else does Absolute W when we just pretend a global pandemic is over so businesses can reopen
@@truedarklander The thing with this drug tho is that it was generic so not many people needed it. he was mainly targeting the insurance companies in this situation not the people.
"This is why a free market doesn't work!" Wrong. Exclusive rights to a drug means that the market isn't completely free. It's an arrangement of molecules and one company shouldn't own the rights to it.
How about telling a balanced story? What he did as far as pricing goes for the drug is capitalism and not illegal! If congress wanted to do what is right then reform pharmaceutical pricing to competitve forces! Of course they will not do this. because the industry lobby has paid off our congress! Martin is just the tip of the problem and the author of this you tube knows this!(imho)
In case people didn’t know, the Wu Tang album mentioned got bought last year by a crypto company. A crypto company that is heavily speculated to be involved with GameStop in an upcoming NFT marketplace launch that was announced a few weeks ago. All but 1 of the owners of said crypto company is known. A common consensus is that the unknown member is Ryan Cohen who is the current Chairman of GameStop. In short, GameStop could potentially give partial NFT ownership of the Wu Tang album to its shareholders :)
He actually wasn’t a bad person. He hiked the costs on insurance companies not average consumers. The insurance was paying the majority of the bill. He also offered free medicine to whoever needed it
@@Sosa-gs3rz thats stupid because if you hike up the price even more the insurance will increase their prices to counterbalance the higher cost. ultimately the poor sick person pays for all of this
@@DaddyM7MD no, because the industry doesn’t work as simply as you’re making it out to be, and, like he said, he was offering free medicine to those who need it
I mean?? Everyone thinks the government is wrong unless they’re woefully ignorant, it’s realistically just the fact that there’s nothing anyone can do about it, not lack of caring
I hate the way this story was told. The price increase hit the insurance companies, not the patients. Patients were never charged $750 for medication, their rates stayed the same. But it fucked up a lot of shit for the insurance companies because they had built their business models off of these low prices.
I work in a famous pharmacy store in Australia (chemist warehouse). This store sells their products at a loss or with very little markup. Their motto is “cheaper @ chemist warehouse” and it’s true. What’s even better is that people who qualify for a government subsidy or is a senior citizen can get their medications at the cost of $5.80 each. Almost all of the medicines* For you American folks, especially entrepreneurs in the pharmaceutical industry trying to sell medicine, make it affordable. Change the code of how medicine is afforded by the needy and the rich. A serious markup on medicine is an unethical means of filling your pocket.
theres a southpark clip about a shopping network. this guy should listen to that Everyday because he 100% deserves to hear that for the rest of his life
Australia did this with smoking. it went from 5 dollars a pack to 30. the taxes were 500m a yr and went to 18billion a yr . hurting businesses and the economy and the people causing over 1billiona yr in crime from untaxed tobacco. it's not just this guy it's everything. that's how you get hyper inflation
He’s cool as shit when he’s not being attacked by the media. I’ve had many private conversations with him. That price is for insurance companies. He uses the money for r&d for other life saving medicines. He also gives deraprim away for free to people who can’t afford it.
American health care is the most broken thing, 70-80% of sector is private and then you expect low or free medicines from greedy private corporations?!
damn, it’s almost like medicine shouldn’t be a commodity because some people literally need it to live. like even if you can afford it, why should you NEED to BUY it.
I remember he was so proud of himself. He isn't the only one who has done this type of thievery, and the pharmaceutical companies themselves, are not exempt from doing such despicable practices.
Martin did not defraud the common people. He went after the financial elite by playing their game better than them, and he paid the price for daring to do so.
He also did it because daraprim wasn't able to be made for that price point and donated dosages of it to many people that needed it. He only sold it to insurance companies for that price.
Pharmaceutical companies claim it costs them billions to develop drugs but what's actually in their price includes ads. For every 1 dollar they spend developing a drug they spend $19 dollars advertising it.
Little known fact: Shkreli, knowing he was going to be imprisoned and have his assets frozen. Invested heavily in magic: the gathering cards. So that once he got out. He could liquidate his cards and get much of his fortune back. This move completely altering the magic the gathering market permanently. Removing millions of dollars of cards from the market. Disabling players from being able to acquire certain cards at a reasonable price.
![🔴[LIVE] Market Volatility Kicks Up with Earnings!! - Afternoon Market Action | VectorVest](http://i.ytimg.com/vi/CiR2JblYMDA/mqdefault.jpg)
"Martin caused outrage among politicians for corruption" which translated means "Politicans were pissed for not getting a slice of the pie"
Only way to legally steal from people. Get a few of those corrupt fucks in your pocket and you'll never see the inside of a jail, maybe your opponents will, but not you.
When someone goes way too far in any way, people start to bring him on track whether he's too evil or too good.
@@MalnutritionSpreader cough! Biden … yep Biden !
@@DimaEgorovRU wrong person, mate. The video mentions an anti-parasitic medication, not insulin.
@@nicolasceresoli9121 what
When will people realize every pharmaceutical company does this
If they aren't regulated which is common in a lot of countries but not in the US because a lot of Americans think that is Communism/Socialisim
He did an ama on reddit and said this.
Not Indians. Drugs prices here are dirt cheap thanks to our laws.
@@foreverknight3448 only good thing indira gandhi did.
@@redfrank773 1971 war 😏
He owes his hedge fund clients $64MM, not the victims of the price gauging.
his price is death...
The hedge fund clients were also victims, da
@@joboring8397 Not really, only victim of loosing money and that’s because they invested in something bad, sad that people could of died because of his actions, but money rules the would
@@joboring8397 no just no
@@graci200008 that's not really true though. Yeah they invested in something bad but not because they were dumb but because they were lied to. How would you feel if you lost all your retirement savings because the 401k provider lied to you and and invested all the money in a big boat? They're still victims. Who are you to judge if they any more or less worthy of victimhood than the people who were screwed in the price gouging scheme?
So why didn’t this happen to the woman who jacked up the price of an EpiPen to $300 per tube??
Also she wasnt a pompous d-bag that pissed everyone off on social media
@@mcfry13 to be fair, there's nothing illegal about doing that. You can't imprison people cuz feelingz.
@@joel.ha. its not feelings, idk about US law but these people are monopolising life-saving medicine and selling it for ridiculous prices because they know sick people who need the drug will do anything to get it, whatever the cost may be because no amount of money costs more than life, so they are literally using one of the most disgusting tactics ever, ruining sick people's lives, and potentially killing some who can't afford it, all for the sake of making maximum profits of off sick people who have no other option.
This should be illegal and there should be laws and regulations to prevent it.
Because that lady happens to be the daughter of Joe " I really run the country" Manchin
@@dicitalore605 No... Skreli was put in prison because of his fund not the price hike
The important thing here is: what he did that he is hated for is still perfectly legal, will happen again, and will continue to happen. He only got punished for taking money from other rich people.
Therein lies the gap between the rich and everybody who aint,figure out how to enact the law on those that will do the same and it should become more mainstream.
The law is for the poor not the rich.
This should have been top comment.
You make sense, that's why you don't have that many likes
I remember when this happened. Just didn’t know what happened to him
He got time in jail because he messed with some big guys, not because he increased the price of a drug. The “victims” are not the people who needed the drug but some shareholders.
Honestly didnt care about what happened to him
He in jail
@@wjm154 he is actually a hero, he jacked the prices up for people with insurance and he would send the drug to people who need it for free. He did this so he could develop a better version of the drug.
When he gets out someone needs to drop him on the spot
He actually had an interview where he explained that he did this because nobody cared and nobody is affected, if someone messaged his company they would send the pills for free but since hospials did not care and insurance companies stayed silent, he was able to do that easily. Same goes for insulin. But happily I don’t live in US and healthcare is basically free in EU
Source? Trust me bro
@@roccotopliff4843 th-cam.com/video/2PCb9mnrU1g/w-d-xo.html
Here you go. Truly sorry that you can't even put 3 words into a search bar.
I've lived in the EU. Healthcare is not free there.
@@gteixeira tf yes it is
@@professionalbozo4396 How to explain the 250 EUR taken from my paycheck for healthcare every month?
Huh there was an Easter egg in watch dogs 2. The dude jacked up leukemia medicine prices and bought a copy of a fictional song from "bobo Dakes"
Edit: too much comment
Yea. We then make a sounboard and fuck him up. Real fun
Oh yeah I rember that
I was just replaying this yesterday
@@weebscp0966 nice! You enjoying it?
And then Marcus being Marcus, tricked him into sending $20m into leukemia research because that's what heroes do.
This video didn’t do enough research smh
What did they get wrong then?
Fr
@@aldousboal4920 he jacked up the price to fund research into better medicine for diseases and only did because he knew the insurance companies would pay the price anyways. If people didn’t have insurance he would send out the medication for free. All round pretty good guy, but he just didn’t give a fuck about his image so it was easy for media to run his name to the dirt. Only semi-shady thing he did was when he worked at an investment institution and took risky trades on biotech options. Lost the capital of the fund and that’s who he owes the 64 million to. Even then, he made a lot of money on said biotech options as well and nobody complained until it went badly.
@@aldousboal4920 Not that he was wrong but he left out half of the information. This was very one sided with 0 research.
You mean there's a good side his raising the drug price
This seems to be pretty one sided. Shkreli made his pharmaceuticals essentially free to those that were uninsured, the “ridiculous” price was meant solely for the insurance companies that have been fucking over their customers for years.
Source?
source: trust me
Source ?
*says smart bullshit*
WhErE tHe SoUrCe
*fucking disappears*
@@freshmadgod What makes you ask that?
And then pharma companies used him as a scapegoat despite doing the very same thing.
"The most hated CEO"
This guy never heard of Bobby Kotick
To be fair, I’m pretty sure this ceo might have been the direct cause of some deaths so
BK is a d*CK, but this guy is definetly way higher in the list.
@@diamondkonk1196 nope. If you needed the drug you could contact him personally or someone from his company. He's ripping off the insurance companies tho.
I suggest you research deeper. The story totally change if you hear the opposite side aka from his story.
Mind sharing? I'm too lazy brotha
@@ShatteredGlass916 im too lazy to write too lol, i believe the top comment of this video already explained the summary of it
Exactly. Martin literally was teaching folks how to fuck the stock and pharma industry over because they fucked over the common person for so long.
But it got sensationalized and the mainstream media basically ran with the story of him being the bad guy.
Nah i heard his excuses
Stories always sound better from the side of the manipulator
Don't hate the player, hate the game. If your system is riddled with loopholes and backdoors to allow this kind of shit to happens you need some fundamental changes not handing out charges to one of the people who played it.
Yeah fun fact the album he bought from the Wu-tang clan (once apon a time in shoalin), is the most expensive vinyl album ever bought. Coming in at $2 million dollars. For reference 2nd place was only $790,000
mr. Cummings had me dying
He jacked up the prices but only because insurance companies made hugh profits on drugs like that. If you didn’t have insurance, you could still get the drug for cheap.
This is standard practice in big pharma. He’s just honest about it.
You super simplified this story actually. To the point that you’re more or less just telling a bs story just for views.
Okay buddy. Give us the full version
Fuck all of big pharma.
@@shortranga9623 how about you go watch what shkreli has to say instead of just watching this bullshit story
@@shortranga9623 it's really not hard to find, buddy. Google is a powerful tool lol
agreed
That's so fucking good to hear that, im glad to hear he got taken care of. Hopefully he learned to not be an enemy to pretty much every damn human being.
The raised price to $750 was only for insurance companies.. there was a program for uninsured people to get it for cheaper. Idk, he’s definitely not the first as a lot of companies do this
He gave it for free... From 14$ to 0.
@@LaertKraja1 exactly. I thought I saw an interview where he said $1, but I wasn’t sure. It’s crazy how they basically lynched this guy (and I don’t use that word lightly)
@@nealiumj 1 dollar was the shipping fee he made everyone pay.
He was hit so hard because he was taking advantage of Obama care
@@LaertKraja1 yeah I’m just reading the “$14-$0” part lol. I’ve got the big dumb
Imagine being too corrupt for companies, politicians and the government to handle.
The drug he jacked the prices on was ineffective compared to its rival which was much more effective with many less side effects he did was this so only the rich can afford to continue using it while others will go to the better alternative
Honestly he's probably one of the most influential activists in recent history. He showed how involved big government is in the "free" market and why copyright and trademark laws are stupid. What a great man
Love it when the free market takes 1$ insulin and sells it to us for 100$
Adore not having sick leave because there's no incentive for it to be provided if no one else does
Absolute W when we just pretend a global pandemic is over so businesses can reopen
Nobody who needed the medicine paid 750 dollars for it.
not true lmao, lots of people don't have prescription coverage in their insurance, even amongst those who do.
Yeah cause they couldn’t afford it…
@@truedarklander I forget for sure but I think he would send it for free to anyone who emailed him or the company separately from insurance.
@@abearpossessedbyseveralrac7699 I'm sure that has a formal process and it was not something they just said for PR reasons.
@@truedarklander The thing with this drug tho is that it was generic so not many people needed it. he was mainly targeting the insurance companies in this situation not the people.
"This is why a free market doesn't work!"
Wrong. Exclusive rights to a drug means that the market isn't completely free. It's an arrangement of molecules and one company shouldn't own the rights to it.
I fucking love shkreli hes always been fucking hilarious
When politicians get angry even the legal becomes illegal.
“Of course if you can’t afford and you need it we’ll just ship to you free of charge”- Martin
Politicians where mad they didn’t get any.
How about telling a balanced story? What he did as far as pricing goes for the drug is capitalism and not illegal! If congress wanted to do what is right then reform pharmaceutical pricing to competitve forces! Of course they will not do this. because the industry lobby has paid off our congress! Martin is just the tip of the problem and the author of this you tube knows this!(imho)
Thank god I live in a sane country with socialised medicine and healthcare!
Why people see this and _still_ think a privatized healthcare system is a good idea baffles me
He Is Patron Saint of Wall Street Bets. You don't know anything About him.
Bro looks like Walmart Tobey Maguire
Biden: "hold my ...um...you know the thing"
In case people didn’t know, the Wu Tang album mentioned got bought last year by a crypto company. A crypto company that is heavily speculated to be involved with GameStop in an upcoming NFT marketplace launch that was announced a few weeks ago. All but 1 of the owners of said crypto company is known. A common consensus is that the unknown member is Ryan Cohen who is the current Chairman of GameStop. In short, GameStop could potentially give partial NFT ownership of the Wu Tang album to its shareholders :)
This Is wild. He looked like a bad person from the start
IKR?? He looks like an absolute scumbag, he looks like he could be the son of one of those crooked preachers like Joel Olstein, or Kenneth Copeland.
He actually wasn’t a bad person. He hiked the costs on insurance companies not average consumers. The insurance was paying the majority of the bill. He also offered free medicine to whoever needed it
@@Sosa-gs3rz thats stupid because if you hike up the price even more the insurance will increase their prices to counterbalance the higher cost. ultimately the poor sick person pays for all of this
He was never bad
@@DaddyM7MD no, because the industry doesn’t work as simply as you’re making it out to be, and, like he said, he was offering free medicine to those who need it
My man’s been out of jail for two years now. Early release.
Modern day wolf of wall street.
Big pharma: How dare you use our own tactics against us
It’s hilarious how when an individual acts selfishly we think that’s wrong. But when the government does it everyone goes along with it
I mean?? Everyone thinks the government is wrong unless they’re woefully ignorant, it’s realistically just the fact that there’s nothing anyone can do about it, not lack of caring
This is why we need more competition in pharma and the fda needs to be approving more drugs that have been already approved overseas.
7th!
I hate the way this story was told. The price increase hit the insurance companies, not the patients. Patients were never charged $750 for medication, their rates stayed the same. But it fucked up a lot of shit for the insurance companies because they had built their business models off of these low prices.
I work in a famous pharmacy store in Australia (chemist warehouse). This store sells their products at a loss or with very little markup. Their motto is “cheaper @ chemist warehouse” and it’s true. What’s even better is that people who qualify for a government subsidy or is a senior citizen can get their medications at the cost of $5.80 each. Almost all of the medicines*
For you American folks, especially entrepreneurs in the pharmaceutical industry trying to sell medicine, make it affordable. Change the code of how medicine is afforded by the needy and the rich.
A serious markup on medicine is an unethical means of filling your pocket.
The drug isn’t even available in Australia
Life saving drugs should not be owned by private companies !
theres a southpark clip about a shopping network. this guy should listen to that Everyday because he 100% deserves to hear that for the rest of his life
"OH LOOK! He's doing what we do, but better, GET EM!!"
The inflation we are experiencing right now gas prices, housing , the drug industry is all the result of these same actions .
This literally sums up the whole medical industry.
Australia did this with smoking. it went from 5 dollars a pack to 30. the taxes were 500m a yr and went to 18billion a yr . hurting businesses and the economy and the people causing over 1billiona yr in crime from untaxed tobacco. it's not just this guy it's everything. that's how you get hyper inflation
Literally all the pharma companies do this. The only reason why he got stopped is that he wasn’t part of their club, and he was an upstart.
This mans a legend in Wall Street bets
64Ms??? He Definitely Finna Drop Them Albums When He Cone Home. 😂
He’s out of prison already, and I still think the man is a wrongfully convicted political prisoner.
People that do things like that deserve that punishment and more
It's not about money its the message
He’s cool as shit when he’s not being attacked by the media. I’ve had many private conversations with him. That price is for insurance companies. He uses the money for r&d for other life saving medicines. He also gives deraprim away for free to people who can’t afford it.
He did what the pharmaceutical companies always have doing. American citizens need to hold government and pharmaceutical accountable.
American health care is the most broken thing, 70-80% of sector is private and then you expect low or free medicines from greedy private corporations?!
Bro was a menace
Btw 750 price was just for insurance companies, not for patients
Man woke up and chose violence
damn, it’s almost like medicine shouldn’t be a commodity because some people literally need it to live. like even if you can afford it, why should you NEED to BUY it.
He brought attention to the industry and politicians didn't like that. Off you go
I remember he was so proud of himself. He isn't the only one who has done this type of thievery, and the pharmaceutical companies themselves, are not exempt from doing such despicable practices.
Legit this is an example of the ultimate movie villain
A legend
He owned the rarest hiphop relic of all time as well
He'll get his Divine Punishment real soon...
Martin did not defraud the common people. He went after the financial elite by playing their game better than them, and he paid the price for daring to do so.
We need to reintroduce competition into the pharmaceutical industry
It says a lot about the pharmaceutical companies
How can this note illegal in America? It's usury and monopoly.
He didn't break the law, but we threw him in jail anyway.
The fact that it was legal makes it worse.
Until the government is allowed to negotiate drug prices this will continue to happen
Technically speaking he really doesn’t owe anything to the victims
He also did it because daraprim wasn't able to be made for that price point and donated dosages of it to many people that needed it. He only sold it to insurance companies for that price.
This is what we call Don't be in a Limelight Government can screw you anytime with your past 😂
And this guy just rose to the top 10 of my list of most hated people.
Somewhere up there Jonas Salk is shaking his head.
every pharmaceutical company does this lmao
He just did what every other company has done for years… the difference is that he didn’t pay off all the politicians to protect him.
Government - “who do he think he is trying to do what we do. NO, arrest him!!!”
Thank goodness they actually did something
This is way wealth has to be capped. Thieves can't be trusted to not steal more money
Now if only we could decrease the price of insulin
This case is hugely misunderstood. People are uneducated.
Blame the government for allowing this to happen. Corporations are only as powerful as much as regulations protect them.
He's the kind of person who didn't get beat up enough as a kid
Pharmaceutical companies claim it costs them billions to develop drugs but what's actually in their price includes ads. For every 1 dollar they spend developing a drug they spend $19 dollars advertising it.
Damn, would be a total shame if he got defenestrated when he got released, real shame.
Little known fact: Shkreli, knowing he was going to be imprisoned and have his assets frozen. Invested heavily in magic: the gathering cards. So that once he got out. He could liquidate his cards and get much of his fortune back. This move completely altering the magic the gathering market permanently. Removing millions of dollars of cards from the market. Disabling players from being able to acquire certain cards at a reasonable price.
Why does he look like a grown up version of that kid from spy kids 4
Insulin prices are also inflated
I'm glad justice was served to him individually, but I hope people realize this behavior isn't unique. Pharmaceutical companies do this all the time.
This is why we need to get rid of IP
He is not the only one that does s*** like that!! The problem is the rest of them are not getting caught!! That's big business United States!!
Some thing like that happens when morality is disappeared from society...