Douchebag revival thread

[Incandenza]

Douchebag revival thread

Ah, watch out. Apparently Roosh and his sad followers are planning global meetups, and then will go to some other secret locations in each city. UK list here:

United Kingdom

Cardiff – Beside female statue in front of Hilton Cardiff on Friary Road. Image.
Edinburgh – Covenanter’s Memorial in Grassmarket
Glasgow – George Square. Meet by the tall obelisk statue.
Leeds – The center of Millenium Square
London – Royal Airforce Bomber Command Memorial, Green Park (Hyde Park Corner side)
London – In front of Royal Exchange beside horseman statue (outside “Bank” tube station)
Manchester – In front of the main entrance to Sinclair’s Oyster Pub
Newcastle – Beside Grey’s monument
Shrewsbury – Frankwell car park, bottom of the pedestrian walkway. Image.

http://www.donotlink.com/i2sc

There is one in my hometown in the parking lot of a sad sports bar named Glory Days. They really are pathetic.

[Incandenza]

Douchebag revival thread

Shkreli uses the Fifth Amendment as a magic card to not answer any questions before a Congressional committee.

[ursus arctos]

Douchebag revival thread

Being a douchebag's lawyer can be trying

“I don’t think I’ve ever seen the committee treated with such contempt,’’ Representative John Mica said after Shkreli’s smirking testimony before reportedly asking if Shkreli could be held in contempt of Congress. (The committee chairman demurred.)

Shkreli’s lawyer tried to explain away the faces Shkreli was making, saying, “A lot of what you saw was nervous energy and that Shkreli did not mean any disrespect.” But Shkreli himself clarifies on Twitter—those faces were intentional.

[MsD]

Douchebag revival thread

From October, but pertinent.

http://www.rawstory.com/2015/10/psychologist-pharma-bros-success-contains-the-seed-of-his-eventual-destruction/

He needs constant attention, even if negative.

[Ginger Yellow]

Douchebag revival thread

Shkreli’s lawyer tried to explain away the faces Shkreli was making, saying, “A lot of what you saw was nervous energy and that Shkreli did not mean any disrespect.” But Shkreli himself clarifies on Twitter—those faces were intentional.

Can't imagine why he keeps going through lawyers. It's really a performance art piece at this point. A Rake's Progress for the financial era.

[Ginger Yellow]

Douchebag revival thread

Oh, wow, and apparently his bail payment was shares of a bankrupt company.

[ursus arctos]

Douchebag revival thread

A bit more precisely, the collateral that he posted for his USD 5 million bail bond was his ETrade Account, which primarily contained shares of a company he had been CEO of (this is not normal procedure in insider trading cases), whose shares plummeted in value after his indictment.

The judge has noticed that his collateral is now worth only marginally more than the bond, and has suggested that he will need to pony up some more cash if he isn't going to go back behind bars.

It will be interesting to see where he gets that from.

[ursus arctos]

Guilty on three of the eight counts.

Mr. Shkreli was convicted of securities fraud in connection with his hedge fund MSMB Capital; of securities fraud in connection with another hedge fund he ran, MSMB Healthcare; and of conspiracy to commit securities fraud, related to a scheme in which he tried to secretly control a huge portion of shares of Retrophin, a drug company he started.

He faces up to 20 years on each of the first two counts, and up to five years on the final count.

[Lang Spoon]

So what's he really going to face? Is there a bare minimum threshold for repentant young richers to be held in Tennis Prisons?

[ursus arctos]

The recent average is around five years in federal prison, though he may well get more for being such a douchebag.

Many of those convicted of these offences (almost exclusively white men, btw) get credit for helping the government in some way and/or being very remorseful, but he has done anything but.

[Levin]

https://twitter.com/MikeBalsamo1/status/908090017930792962

https://twitter.com/IvanTheK/status/908091486805340160

I've no idea if the second one is true.

[WOM]

Waking to the news of uber-douche heading to jail early has made my whole morning. And probably a good chunk of the afternoon.

If word of the Wu-sale means he's in dire financial straits, so much the better.

"I'll still be making paper behind bars." Yeah, let's see about that.

[ursus arctos]

Shkreli has been sentenced to seven years in federal prison

[Lang Spoon]

So he’ll serve 3-4 unless he shivs someone in the showers?

[ursus arctos]

Most likely about four

[Gerontophile]

So he’ll serve 3-4 unless someone shivs him in the showers?

FTFY

[Lang Spoon]

Heh. I really don’t like the idea that folk should “get what they deserve” in the clink. Im a bleeding heart who believes the deprivation of liberty (and hopefully rehabilitation) is the point of prison in terms of punishment, along with protection of the public. It shouldn’t be the fucking Thunderdome through underfunding or deliberate policy.

But I can make exceptions.

[Furtho]

https://twitter.com/veryimportant/status/972191971803623427

[ursus arctos]

Indeed

The government has seized the album and will use its proceeds at auction to provide restitution to victims of the fraud

[Lang Spoon]

He can’t plead ignorance that the aforementioned “Wu Tang Clan” were not a force to be engaged in battle lightly. They often said so, in forceful terms. Some Wu Karma thinning the jury, says it all the thieving bastard.

[Lang Spoon]

Whoever gets the record at auction still gets heisted, please.

[ursus arctos]

With thanks to WOM for pointing me to the correct thread

https://twitter.com/realworldrj/status/1103794587372584960

[Ginger Yellow]

I thought he had to cough up his shares? Or was that just to post bail?

[ursus arctos]

He had to forfeit USD 7.4 million in assets (largely for restitution), but it isn't clear if that included all of his shares (it did include the Wu Tang album)

[Satchmo Distel]

Ol' Dirty Bastard* will be spinning his grave, unless he was cremated.