My guess is that the Fed is going to nail him for market manipulation too.
His price hike led to US politicians (such as Hilary Clinton) threatening regulation and legislation, leading to biotechs tumbling over 4.5% in day.
Biotechs in which Shkreli had just taken massive short positions in.
Definitely "clever", but utterly sociopathic.
I read a thing saying that was basically his method of making money in the first place. Talking shit about certain biotech stocks on forums then investing in the shorts.
@Sumo started
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My guess is that the Fed is going to nail him for market manipulation too.
His price hike led to US politicians (such as Hilary Clinton) threatening regulation and legislation, leading to biotechs tumbling over 4.5% in day.
Biotechs in which Shkreli had just taken massive short positions in.
Definitely "clever", but utterly sociopathic.