I can think of many billionaire CEOs that should have been locked up in 2008 and that never happened either. There is that myth about how being fined is hitting them where their values exist; that is nonsense.
Jailing these people are the best medicine for them and for us! The fines can be part of this too, but, fines should never be a substitute for immoral business leaders.
March 9, 2018
By Tom Hays and Colleen Long
New York - Martin Shkreli, (click here) the smirking “Pharma Bro” vilified for jacking up the price of a lifesaving drug, was sentenced Friday to seven years in prison for defrauding investors in two failed hedge funds.
The self-promoting pharmaceutical executive notorious for trolling critics online was convicted in a securities fraud case last year unconnected to the price increase dispute.
Shkreli, his cocky persona nowhere to be found, cried as he told U.S. District Judge Kiyo Matsumoto he made many mistakes and apologized to investors.
“I want the people who came here today to support me to understand one thing, the only person to blame for me being here today is me,” he said. “I took down Martin Shkreli.”
He said that he hopes to make amends and learn from his mistakes and apologized to his investors.
“I am terribly sorry I lost your trust,” he said. “You deserve far better.”...
