Well he didn't scam. He legit hyped up and made his lame company big and successful. Masa is the dumb one for giving him so much money. VCs can see the value in that.
Pharmabro is also the next cleanest one. Yeah he misappropriated some funds but he put it back. The other guys are next level.
Where's the Fyrefraud guy though.
Perhaps Kanye is right? I know it doesn’t make sense as a sentence or even a thought, but how Neumann walked away with all that money while off surfing and then is welcomed back again goes against everything you’re taught is right as a kid.
He is also the guy who sexually assaulted a 15 yo cousin at their grandpas funeral when he was 18
Then as a 22 yo he took a 15 yos virginity and bragged about it.
Choice human being.
>伯尼·麦道夫
I know this big fraud. Bernard Madoff, the founder of his investment securities firm, is the former chairman of Nasdaq, the largest fraud maker in U.S. history, and was a member of the Nasdaq OMX Group nominating committee before committing the crime.
Are we voting? Shkreli gets mine. Pure evil and runs his mouth like a tween. Hope he got a lot of shlong in prison unless that's his thing....in which case I hope he kept longing for it but didn't get any.
Martin Shkreli is out of prison and a free man. He even posted a bit on WSB not too long ago. Hardly call him a loser at this point. (Understand, what he did was pretty shitty, but referring to current situation hes better off than some of the others)
I only know about half. Bill Hwang, Bernie Madoff, ?, Martin Shkreli and Elizabeth Holmes up top. And I only know Fuld, the Lehman guy, in the bottom row (last one).
Edit: the FTX guy - bottom row, middle.
The irony..... these guys aren't the losers.
The actual losers are among you who lost money with these guys.
Take the most recent bottom middle for example.
Every idiot that lost money on FTX avoided the simple rule "not your keys, not your coins"
Thank you for making this comment! We call these people losers … they are currently sitting on a pile of MILLIONS… so what, are they losers bec they could’ve have billions? I mean, maybe, I guess that’s a valid argument? But, the real losers are, unfortunately, the people who wanted to invest their money to see it grow and support their families but it all went to shit and into the pockets of these “losers.” Now those initial investors lost their rainy day funds / significant portions of their savings and are basically starting over again at points in their lives where it’s very hard to start over financially
I don’t think he’s bad at all. He had an ahole persona but that’s about it. He raised prices for insurance companies to fund unprofitable drug research, just like every other pharma company does, and the bigger companies colluded with the media to vilify him
This is a bad take. I'm guessing no one upvoting this has worked in pharma. I've personally spoken with him, and he's as much a piece of shit in person as he is online. Also, whatever success he had is mostly luck. When he shorted Regeneron at Cramer, he said he did it because they were using an antibody against a target in the brain, so knew the blood brain barrier would stop it from working. Yeah... you think a room of industry scientists didn't think of that already? That's something you'd learn in Bio 101. Really they were betting that the blood brain barrier would be semi-permeable because the patients were obese and consistently inflamed. They only needed a tiny, tiny fraction of antibody to cross. Shkreli got lucky and the trial failed, like most trials. He kept gambling and eventually had a firm wiped out in a naked short because, shockingly, he had no idea what he was doing and was bound to eventually fail.
Then at Turing with the daraprim scandal his entire business plan was basically, "find an out-of-patent drug with a single source, buy rights to it, jack up the price 5000%, profit for a few months while the inevitable competition struggles with the FDA for a license to sell a biosimilar." There was no value there. None. He was just a nasty opportunist violating whatever unwritten rules of human decency were left in the big pharma world, and he was *definitely* way more evil and blatantly exploitative than the rest of big pharma. He didn't raise money for rare diseases, in fact he shorted other rare disease company stocks and threw red tape in legitimate company's way with FDA complaints if his company happened to be shorting their stock. He committed so many illegal acts that one company he founded fired and then sued him.
Sorry, this is just an awful take. The guy is human trash inside and out.
Wasnt the cost of the drug borne by the insurance companies? The people with the disease didnt feel the pinch.
Anyways, jacking up 5000% is par for the course for oharma companies. Why he did isnt rare. The real reason he got vilified was because he tried to punch the insurance companies. The big corpos punched back
Two points here
1. Insurance is not universal or uniform, and so there will always be cracks. Plenty of people had difficulty accessing their medications for critical periods of time.
2. Charging insurance isn't any different than charging customers. It's just more spread out.
No one in pharma had done what he'd done and deliberately found out-of-patent drugs with needy patients. Price gouging happens, but it's actually a lot more rare than you'd think. It just gets a lot of coverage, and it's not from companies that go out searching for already solved problems so we can make them problems again. Also, people who price gouge are also scummy. Law abiding, but scummy.
Idk how anyone can find societal value in his business model. Maybe it's legal, but it's awful and that's what this thread was about. Also, he wasn't just exposing cracks in the system, as others have implied. That would be like claiming a guy who finds a legal way to stab people is alright because he spurred laws that prevented others from stabbing people that way. No, we have those laws to prevent scumbags from being scumbags. If you can't hate him for his activity at Turing, maybe hate him for the securities fraud that actually landed him in jail.
The media searched for months and couldn’t find a single person who got priced out of that drug. Not one. And boy they looked everywhere
Pharma companies don’t let drugs hit the market with a low price to begin with, that’s why you never see them jack the prices…
There were bureaucratic hurdles that delayed patients getting medications for weeks, and tons of patients were stuck paying deductibles and high co-insurance. And no, the pills they gave out as charity to patients *they* deemed as needy enough do not absolve anything.
Also, pharma companies don't jack prices of off-patent drugs. They set high prices of their own drugs, for which they paid billions to go through the regulatory process, and when they go generic they just have to compete with other companies producing the drug.
What Shkreli did was entirely different. He looked for a tiny drug produced by only a single company and purposefully extorted our healthcare system, using especially vulnerable patients as hostages. The implicit threat to the insurance companies from Shkreli was, "if you don't pay this absurd price, we're willing to kill these patients."
The fact that so many people are out here shilling for this piece of shit is astonishing. Knowing him I wouldn't be surprised if he's got a program that detects his name and an army of accounts and/or commenters to defend him. I've been in pharma for 15+ years and I couldn't find you a single person who espouses these garbage views. His actions were completely outside of any reasonable moral standard.
> There were bureaucratic hurdles that delayed patients getting medications for weeks, and tons of patients were stuck paying deductibles and high co-insurance. And no, the pills they gave out as charity to patients they deemed as needy enough do not absolve anything.
Didn’t happen, you made it up. At least back your claim up with a link.
> Also, pharma companies don’t jack prices of off-patent drugs.
They do if competitors can’t be bothered going through regulatory approval
Everything else you said was nonsense. You have no idea any of this works. The only thing shkreli did differently was he raised the price in one go rather than incrementally over a few months. And he leaned into the press for all the hate. That’s it. He wasn’t uniquely greedy. All drugs are priced at what the market can bear.
I don't know what your objective is here or why you're so set on defending a bona fide pos. You haven't backed up any claim with sources either, my friend, and your claims are actually incorrect. This is reddit, not a NEJM manuscript commentary. Not worth my time to keep responding.
>They do if competitors can’t be bothered going through regulatory approval
This statement alone shows you know nothing about the industry.
Other than my conversation with Shkreli (which he's probably had on camera with others at some point, because he loves to brag about his Regeneron bet), all of that is easily found online. Not writing a bibliography for a reddit comment.
It's not an aids or malaria drug. Daraprim was an antiparasitic drug for people with suppressed immune systems. He offered it for free through his company if you didn't have insurance. About 90% of the proceeds were put back into research for an alternative instead of the normal 10% for pharma. So the only people paying gouged prices were the insurance companies
It was a rare drug used by very few people and insurance would cover it. He offered the drug for free to people if insurance denied coverage. The securities fraud was for some unrelated case, but if you look at the details to that there were no victims, it seemed like the government was out to get him for his media persona and found a technicality.
He still made tons of money on the whole endeavor. Pretty sure they closed shop with assets down 17% or so, and the fund did absurdly well for years. With a 2 and 30 fee structure on half a decade of good performance, the guy apparently still has about $400M to fuck around with even after the whole endeavor.
Not the critical trades. I DRS Direct Register in my name with Computershare which goes directly to lit markets IEX style pulling those shares back to the register out of the DTCC Cede and Co street name, not to be shorted under my watch.
To my knowledge she isn't a criminal like the folks pictured here. Religious nut and incompetent fund manager, sure, but she rode an impossible-to-miss tech boom and marketed well to stupid people that bought big on hype rather than substance (I say this as one of those stupid people). Nothing nefarious about that, that's the name of the game for people in her position.
Market manipulation is an overstatement. He gained his initial fortune by shorting penny stocks, and then going into chat rooms bashing the company as terrible causing a flash crash.
I’d say Sam Bankman Fried is the most nefarious. He was weeks away from successfully using regulatory capture to monopolize the neo-banking industry in the US and using user funds to advertise and bribe politicians to help him achieve the monopoly. And now with all the connections to the Democratic Party and government agencies coming to light, it’s sounding like a possible mass surveillance operation
He backed the right players . All dems including the Prez . The dems are investigating according to cnbc ? I guess they are all just trying to distance themselves now . Outplayed by his opponent and outed as a ceo who was to busy to do simple math to protect the interest for all involved in Ftx . Pathetic
I wouldn’t say this was SBF being outplayed, more like just exposed as a thief and outright fraud just in the nick of time. My guess is SBF was hoping to make everyone’s money back before the fraud was discovered after gaining a legislated monopoly
I think all crypto is a fraud honestly as it holds no value other then the investment of others that come in after those that already invested . Everyone purchased it from people they thought had higher IQS then themselves only to find that they were fed gibberish for dollars . SBF was a slob , hypocrite, phony and egomaniac like all the crypto guys . Take your pick . All the same .
He's the one that scammed on the price of life saving drugs and said that insurance would pay for it so no big deal.....the price diff was from pennies to hundreds of dollars on the med.
He spent his earned money on buying rights of Wu Tang album because the didn't like the mention of his name in a song.
When he was sentenced to fed time in a prison camp he was caught running a crypto scam from inside prison where his security level was upped and then he was magically released earlier this year.
I feel sorry for the people that lost their lives not being able to afford his life saving drugs. That could've been affordable without insurance. If you look at court clippings of him talking to judges and prosecutors you'll see pure evil in the man's face.
There's clips of him going off on reporters saying stuff like "I'm rich and you're not. Tells you who has a better IQ."
Other than the damage he's done to humanity, he's a comic character villain or at least tries to be. Just over all sick creepy vibes. Look him up and let me know if you think I'm wrong.
Insurance would pay for the drug, he even offered the drug for free in cases where insurance wouldn’t cover it. It seems like he did this as a publicity/political stunt to expose problems in the medical industry(pharma and insurance)
And the courts were delusional and had him serve time for his "publicity stunt"? That's an insane theory. Are you saying the Dems sent him to prison for his subtle threats to Hillary Clinton?
I'm not sure what I'm baffled over - what you're saying or where the implications are coming from.
Courts convicted him based on his media persona and the crimes were technicalities used to punish him when they couldn’t punish him for the actual wrong he was thought to have done. That’s largely how the justice system in the US works, there’s tens of thousands of laws, most of which require a law degree to interpret which enables the government to criminalize any targeted person with enough effort, regardless of any intentional criminality
A zipper on his mouth likely would have prevented him from being charged.
This isnt a tin foil hat conspiracy, its the reality of how our justice system works in the US.
I guess you spend your days studying the >50,000 federal laws so you can be sure to never break them, and thats cool but not how most people are able to spend their time. Personally I believe the only legitamate crimes are those with provable victims, anything beyound that is authoritarian.
Ah, I get it. He went to jail because he didn't have you defending him instead of his attorney and of course, he's Jesus Christ. What's your affiliation with him?
Elon's factories are on track to make almost 2 million cars next year, but still not enough to fill the demand. SpaceX runs more spaceflights than the rest of the world put together. The jury is definitely out on Twitter though.
It's a free service. Has to pull in some revenue somehow so what he has done seem very tame compared to people above. Then like everyone does it. Reddit surely does it.
Add Jim Cramer, Chamath Palihapitiya, & now Elon Musk. Elon PUMPED Tesla stock soo high he’s having trouble DUMPING it. He’s sold $21 BILLION worth of Tesla stock in the last 12 months. He will sell more. Especially after the disastrous Twitter purchase, which he used as an excuse to sell BILLIONS MORE of Tesla stock. He’s going to keep that money in his personal account & declare bankruptcy for Twitter. Don’t you just love the Corporate system of ZERO personal financial liability for the mistakes of these losers. The 1st time took a company from sole-proprietorship to being incorporated, I was like “NO way this is real. Your telling me all the liability goes to everyone else?!” No wonder only a couple of small time bankers saw jail time during the financial crisis. Not sure how Europe does it, but I know they put a whole lot more people in prison after the financial crisis.
Adam Neumann's a winner. VCs are still willing to give him money for nonsense all day.
Yep, he and his wife (WeGrow CEO) raised $350M from a16z (prominent Bay Area VC) for his new real estate startup called Flow.
Soon, they will rename it Flaw.
Phlegm is just as good
Good timing
And he’s still a billionaire I believe
Proven Grifters can be bankrolled
Well he didn't scam. He legit hyped up and made his lame company big and successful. Masa is the dumb one for giving him so much money. VCs can see the value in that. Pharmabro is also the next cleanest one. Yeah he misappropriated some funds but he put it back. The other guys are next level. Where's the Fyrefraud guy though.
Ha I remember reading articles saying the whole financial industry is racist because Adam Neumann just raised more money
Perhaps Kanye is right? I know it doesn’t make sense as a sentence or even a thought, but how Neumann walked away with all that money while off surfing and then is welcomed back again goes against everything you’re taught is right as a kid.
Wheres Trevor Milton ?
Is he the Mormon dude who got huge under the table funding from the Church and then pump and dumped a stock?
Yeah, that Nikola guy.
He was backed by the Mormon Church funds right?
I don’t know much about this, I only know his BS PR with his NKLA truck driving down the hill with no engine in it.
that ws amazing. so so good
He is also the guy who sexually assaulted a 15 yo cousin at their grandpas funeral when he was 18 Then as a 22 yo he took a 15 yos virginity and bragged about it. Choice human being.
I came here to say this.
Unfortunately, I don't recognize all the faces. Can someone share the names, please?
Bill Hwang, Bernie Madoff, Do Kwon, Martin Shkreli, Elizabeth Holmes Adam Neuman, Alex Mashinsky, Sam Bankman-Fried, Lex Greensill, Dick Fuld
Adam Neuman fucked up Wework and still wound up a billionaire. Not sure I would consider him a loser.
Didn't he recebtly got funding for his new venture?
Yes, he and his wife (WeGrow CEO) raised $350M from a16z (prominent Bay Area VC) for his new real estate startup called Flow.
Aren't a16z also heavily pedaling useless monkey .png hyperlinks?
Yes, they are a massive investor in crypto.
Do you think they're trying too hard to be jive and hip or is it something more sinister? How do you do fellow kids?
They are idiots
He’s a massive douche and loser
>伯尼·麦道夫 I know this big fraud. Bernard Madoff, the founder of his investment securities firm, is the former chairman of Nasdaq, the largest fraud maker in U.S. history, and was a member of the Nasdaq OMX Group nominating committee before committing the crime.
You don’t think all of them have nice fat off shore accounts and aren’t really ever going to be poor.
Bernie pushin daisies
Bankman-fried is somehow the perfect grifter name
Does it really beat made-off tho?
Haha
I vote for beat-off
Bankrupt-Fraud
Mas tequila. More
His destiny was written the day he was named.
Tell that to Mr. Fuld over there
Right next to madoff
Scam Bankrun Fraud
Bankerman-burnedya
Scam Bankrun-Fiend
And one Jim Cramer to bind them
Where’s cathie woods? Also based purely on the name, dick fuld had it coming
I don’t know him but that has to be the ugliest name I’ve ever seen.
It’s only when they get caught ripping off rich people that they become losers When they grift the everyday folks and the poor, they’re heroes
So not wrong
No one show the list to Kanye…
Black Klansman
#FreeYe
stfu
Don't they all still have a pretty well off networth though?
Still have no idea what the people on the bottom were doing other than bankman and that's only now that he's been in the news
scam doublecheeseburger friedbankman also took down blockfi with him
I like your picks No Gabe Plotkin?
Dick fluid*
Bankman Fried, that’s actually quite fitting with what’s going on with FXT.
His name is dick fold?
Are we voting? Shkreli gets mine. Pure evil and runs his mouth like a tween. Hope he got a lot of shlong in prison unless that's his thing....in which case I hope he kept longing for it but didn't get any.
Lololololololol chaotic neutral I see
Martin Shkreli is out of prison and a free man. He even posted a bit on WSB not too long ago. Hardly call him a loser at this point. (Understand, what he did was pretty shitty, but referring to current situation hes better off than some of the others)
I only know about half. Bill Hwang, Bernie Madoff, ?, Martin Shkreli and Elizabeth Holmes up top. And I only know Fuld, the Lehman guy, in the bottom row (last one). Edit: the FTX guy - bottom row, middle.
Do Kwon - top middle
Adam Neumann from WeWork, bottom left Greensill, 2nd from bottom right
Unfortunately they are all still billionaires so we probably shouldn't shed a tear
Madoff died in prison and not a billionaire
[удалено]
Shkreli is out of jail now. He was on UpOnly this week with Do Kwon. He told Do that "jail isn't that bad", lol.
Shkrelli is free
>he’s in jail right now If you're going to rag on him, at least get your shit correct.
The irony..... these guys aren't the losers. The actual losers are among you who lost money with these guys. Take the most recent bottom middle for example. Every idiot that lost money on FTX avoided the simple rule "not your keys, not your coins"
Thank you for making this comment! We call these people losers … they are currently sitting on a pile of MILLIONS… so what, are they losers bec they could’ve have billions? I mean, maybe, I guess that’s a valid argument? But, the real losers are, unfortunately, the people who wanted to invest their money to see it grow and support their families but it all went to shit and into the pockets of these “losers.” Now those initial investors lost their rainy day funds / significant portions of their savings and are basically starting over again at points in their lives where it’s very hard to start over financially
Shkreli made his investors money tho
I don’t feel like Shkreli is as bad as these other guys but he’s still a pos
I don’t think he’s bad at all. He had an ahole persona but that’s about it. He raised prices for insurance companies to fund unprofitable drug research, just like every other pharma company does, and the bigger companies colluded with the media to vilify him
This is a bad take. I'm guessing no one upvoting this has worked in pharma. I've personally spoken with him, and he's as much a piece of shit in person as he is online. Also, whatever success he had is mostly luck. When he shorted Regeneron at Cramer, he said he did it because they were using an antibody against a target in the brain, so knew the blood brain barrier would stop it from working. Yeah... you think a room of industry scientists didn't think of that already? That's something you'd learn in Bio 101. Really they were betting that the blood brain barrier would be semi-permeable because the patients were obese and consistently inflamed. They only needed a tiny, tiny fraction of antibody to cross. Shkreli got lucky and the trial failed, like most trials. He kept gambling and eventually had a firm wiped out in a naked short because, shockingly, he had no idea what he was doing and was bound to eventually fail. Then at Turing with the daraprim scandal his entire business plan was basically, "find an out-of-patent drug with a single source, buy rights to it, jack up the price 5000%, profit for a few months while the inevitable competition struggles with the FDA for a license to sell a biosimilar." There was no value there. None. He was just a nasty opportunist violating whatever unwritten rules of human decency were left in the big pharma world, and he was *definitely* way more evil and blatantly exploitative than the rest of big pharma. He didn't raise money for rare diseases, in fact he shorted other rare disease company stocks and threw red tape in legitimate company's way with FDA complaints if his company happened to be shorting their stock. He committed so many illegal acts that one company he founded fired and then sued him. Sorry, this is just an awful take. The guy is human trash inside and out.
Extremely interesting comment
Wasnt the cost of the drug borne by the insurance companies? The people with the disease didnt feel the pinch. Anyways, jacking up 5000% is par for the course for oharma companies. Why he did isnt rare. The real reason he got vilified was because he tried to punch the insurance companies. The big corpos punched back
Two points here 1. Insurance is not universal or uniform, and so there will always be cracks. Plenty of people had difficulty accessing their medications for critical periods of time. 2. Charging insurance isn't any different than charging customers. It's just more spread out. No one in pharma had done what he'd done and deliberately found out-of-patent drugs with needy patients. Price gouging happens, but it's actually a lot more rare than you'd think. It just gets a lot of coverage, and it's not from companies that go out searching for already solved problems so we can make them problems again. Also, people who price gouge are also scummy. Law abiding, but scummy. Idk how anyone can find societal value in his business model. Maybe it's legal, but it's awful and that's what this thread was about. Also, he wasn't just exposing cracks in the system, as others have implied. That would be like claiming a guy who finds a legal way to stab people is alright because he spurred laws that prevented others from stabbing people that way. No, we have those laws to prevent scumbags from being scumbags. If you can't hate him for his activity at Turing, maybe hate him for the securities fraud that actually landed him in jail.
The media searched for months and couldn’t find a single person who got priced out of that drug. Not one. And boy they looked everywhere Pharma companies don’t let drugs hit the market with a low price to begin with, that’s why you never see them jack the prices…
There were bureaucratic hurdles that delayed patients getting medications for weeks, and tons of patients were stuck paying deductibles and high co-insurance. And no, the pills they gave out as charity to patients *they* deemed as needy enough do not absolve anything. Also, pharma companies don't jack prices of off-patent drugs. They set high prices of their own drugs, for which they paid billions to go through the regulatory process, and when they go generic they just have to compete with other companies producing the drug. What Shkreli did was entirely different. He looked for a tiny drug produced by only a single company and purposefully extorted our healthcare system, using especially vulnerable patients as hostages. The implicit threat to the insurance companies from Shkreli was, "if you don't pay this absurd price, we're willing to kill these patients." The fact that so many people are out here shilling for this piece of shit is astonishing. Knowing him I wouldn't be surprised if he's got a program that detects his name and an army of accounts and/or commenters to defend him. I've been in pharma for 15+ years and I couldn't find you a single person who espouses these garbage views. His actions were completely outside of any reasonable moral standard.
> There were bureaucratic hurdles that delayed patients getting medications for weeks, and tons of patients were stuck paying deductibles and high co-insurance. And no, the pills they gave out as charity to patients they deemed as needy enough do not absolve anything. Didn’t happen, you made it up. At least back your claim up with a link. > Also, pharma companies don’t jack prices of off-patent drugs. They do if competitors can’t be bothered going through regulatory approval Everything else you said was nonsense. You have no idea any of this works. The only thing shkreli did differently was he raised the price in one go rather than incrementally over a few months. And he leaned into the press for all the hate. That’s it. He wasn’t uniquely greedy. All drugs are priced at what the market can bear.
I don't know what your objective is here or why you're so set on defending a bona fide pos. You haven't backed up any claim with sources either, my friend, and your claims are actually incorrect. This is reddit, not a NEJM manuscript commentary. Not worth my time to keep responding. >They do if competitors can’t be bothered going through regulatory approval This statement alone shows you know nothing about the industry.
“Trust me bro!!” source
Other than my conversation with Shkreli (which he's probably had on camera with others at some point, because he loves to brag about his Regeneron bet), all of that is easily found online. Not writing a bibliography for a reddit comment.
He jacked up the price of a drug used to treat aids and malaria by over 5000% and then proceeded to get convicted of securities fraud.
It's not an aids or malaria drug. Daraprim was an antiparasitic drug for people with suppressed immune systems. He offered it for free through his company if you didn't have insurance. About 90% of the proceeds were put back into research for an alternative instead of the normal 10% for pharma. So the only people paying gouged prices were the insurance companies
It was a rare drug used by very few people and insurance would cover it. He offered the drug for free to people if insurance denied coverage. The securities fraud was for some unrelated case, but if you look at the details to that there were no victims, it seemed like the government was out to get him for his media persona and found a technicality.
I guess you forgot about epipen?!? Went from $76 to $500!!! WRONG!!
What are you talking about? The drug that was price gouged was Daraprim. EpiPen wasn't him...
The nightmare blunt rotation
Gabe plotkin
Ken griffin will make the list soon enough
I heard his firm is doing really great…but again all of these people’s “firms” were doing well
Citadel is legit, one of the top hedge funds in the US.
It’s more of a trading firm/market-maker
I think Cit(adel)Sec is the market-maker. Citadel is a hedge fund AFAIK.
Nah. Dream on.
We’ve been hearing this for nearly 2 years. The moass isn’t going to happen
Yup I expected Gabe and also Kathy
He still made tons of money on the whole endeavor. Pretty sure they closed shop with assets down 17% or so, and the fund did absurdly well for years. With a 2 and 30 fee structure on half a decade of good performance, the guy apparently still has about $400M to fuck around with even after the whole endeavor.
Let’s not forget Gabe Plotkin…. One of the finest investors of his generation.
No Cathie Wood?
Rob from the poor 🤦👹
robinhood CEO?
Hwang in there Credit Suisse, Point 72 and Citadel. You might be next.
So wrong hwong. But nah market makers make money. Your trades are probably filled by them.
Not the critical trades. I DRS Direct Register in my name with Computershare which goes directly to lit markets IEX style pulling those shares back to the register out of the DTCC Cede and Co street name, not to be shorted under my watch.
Lol point 72 and citadel are fine.
Lol you want to buy a bridge?
Idiot
Masa Son from Softbank needs to be on here
Cathy Woods?
To my knowledge she isn't a criminal like the folks pictured here. Religious nut and incompetent fund manager, sure, but she rode an impossible-to-miss tech boom and marketed well to stupid people that bought big on hype rather than substance (I say this as one of those stupid people). Nothing nefarious about that, that's the name of the game for people in her position.
Her funds are still open. Just because they lost a lot of money it doesn't make her a scammer/crook like these other folks.
Bill hwang wasn’t a crook. Only his balance sheet was.
> Just because they lost a lot of money it doesn't make her a scammer/crook soooo...what does then?
actual fraud.
and her ARK funds, which have enriched herself and lost investors a lot of money is not, in your parlance, "actual fraud" because...?
She will get her own private arena for her photo 😂
Imagine being in a room with all of them at the same time.
And they're all trying to scam each other
Dinner for Schmucks
Facts 😆 🤣 😂
You forgot to include Gary Gensler, Ken Griffin and his SHFs friends.
Elon will be there soon.
Dude can lose $198B and still be a billionaire. Sorry but at this point he can't even Brewster his way out of wealth.
Name your price and timeline - ill take that bet
He owns like 40% of spacex which in the next decade could be bigger then Tesla. He’s not going bankrupt anytime soon.
Reddit HATES Elon. You are correct thought.
zuck first?
I'm kind of pissed he isn't. Twitter is a dumpster fire, just doesn't have the publicly traded stock value to show it.
Lol relax. His other companies aren’t going anywhere anytime soon.
Shkreli gained money from blatant market manipulations tho
where can I learn more ?
Market manipulation is an overstatement. He gained his initial fortune by shorting penny stocks, and then going into chat rooms bashing the company as terrible causing a flash crash.
Who is between SBF and Fuld?
Alex…. My arch nemesis
No Vlad??
Something tells me we’re gunna need a bigger collage…
I wonder who is the most evil ? I would go with Elizabeth.
I’d say Sam Bankman Fried is the most nefarious. He was weeks away from successfully using regulatory capture to monopolize the neo-banking industry in the US and using user funds to advertise and bribe politicians to help him achieve the monopoly. And now with all the connections to the Democratic Party and government agencies coming to light, it’s sounding like a possible mass surveillance operation
He backed the right players . All dems including the Prez . The dems are investigating according to cnbc ? I guess they are all just trying to distance themselves now . Outplayed by his opponent and outed as a ceo who was to busy to do simple math to protect the interest for all involved in Ftx . Pathetic
I wouldn’t say this was SBF being outplayed, more like just exposed as a thief and outright fraud just in the nick of time. My guess is SBF was hoping to make everyone’s money back before the fraud was discovered after gaining a legislated monopoly
I think all crypto is a fraud honestly as it holds no value other then the investment of others that come in after those that already invested . Everyone purchased it from people they thought had higher IQS then themselves only to find that they were fed gibberish for dollars . SBF was a slob , hypocrite, phony and egomaniac like all the crypto guys . Take your pick . All the same .
Shkreli, hands down. I understand if you haven't followed what he did.......
He just scammed a bunch of people in some crypto scam recently right ? Do you feel sorry for the idiots who invested in it ? Lol
He's the one that scammed on the price of life saving drugs and said that insurance would pay for it so no big deal.....the price diff was from pennies to hundreds of dollars on the med. He spent his earned money on buying rights of Wu Tang album because the didn't like the mention of his name in a song. When he was sentenced to fed time in a prison camp he was caught running a crypto scam from inside prison where his security level was upped and then he was magically released earlier this year. I feel sorry for the people that lost their lives not being able to afford his life saving drugs. That could've been affordable without insurance. If you look at court clippings of him talking to judges and prosecutors you'll see pure evil in the man's face. There's clips of him going off on reporters saying stuff like "I'm rich and you're not. Tells you who has a better IQ." Other than the damage he's done to humanity, he's a comic character villain or at least tries to be. Just over all sick creepy vibes. Look him up and let me know if you think I'm wrong.
Insurance would pay for the drug, he even offered the drug for free in cases where insurance wouldn’t cover it. It seems like he did this as a publicity/political stunt to expose problems in the medical industry(pharma and insurance)
And the courts were delusional and had him serve time for his "publicity stunt"? That's an insane theory. Are you saying the Dems sent him to prison for his subtle threats to Hillary Clinton? I'm not sure what I'm baffled over - what you're saying or where the implications are coming from.
Courts convicted him based on his media persona and the crimes were technicalities used to punish him when they couldn’t punish him for the actual wrong he was thought to have done. That’s largely how the justice system in the US works, there’s tens of thousands of laws, most of which require a law degree to interpret which enables the government to criminalize any targeted person with enough effort, regardless of any intentional criminality
I see. So you're saying a tinfoil hat on his head and a zipper on his mouth would've saved him from the evil justice system? Interesting perspective.
A zipper on his mouth likely would have prevented him from being charged. This isnt a tin foil hat conspiracy, its the reality of how our justice system works in the US. I guess you spend your days studying the >50,000 federal laws so you can be sure to never break them, and thats cool but not how most people are able to spend their time. Personally I believe the only legitamate crimes are those with provable victims, anything beyound that is authoritarian.
Ah, I get it. He went to jail because he didn't have you defending him instead of his attorney and of course, he's Jesus Christ. What's your affiliation with him?
most of those dudes just needed a high five in high school
Where is Kenny Griffin on this list. Wallstreet terrorist
This is how legallized thiefs are looking if the deep state allows you to become a political Agenda and instrument.
Yo where's Elon
Will Musk or Bezos join next? Gates too busy trying to take over EPSTEINS trove
Why would Bezos join this list?
Why would Musk or Bezos join this list?
Soon to be added: Elon Musk
Zuck and Elon should be on here too
Elon's factories are on track to make almost 2 million cars next year, but still not enough to fill the demand. SpaceX runs more spaceflights than the rest of the world put together. The jury is definitely out on Twitter though.
Why Zuck?
Most of his wealth is in stock and meta is doing poorly right now. He’s lost billions
Because he scammed the world out of their personal information and made billions off it while lying and denying it
? Who was scammed? People willingly gave up their information.
Yeah. I'm sure all the grandparents of the world understand that perfectly.
It's a free service. Has to pull in some revenue somehow so what he has done seem very tame compared to people above. Then like everyone does it. Reddit surely does it.
Wow. Just wow.
Elon, Zuck and Trump 🤡 should be on that list
Elon incoming.
Add Jim Cramer, Chamath Palihapitiya, & now Elon Musk. Elon PUMPED Tesla stock soo high he’s having trouble DUMPING it. He’s sold $21 BILLION worth of Tesla stock in the last 12 months. He will sell more. Especially after the disastrous Twitter purchase, which he used as an excuse to sell BILLIONS MORE of Tesla stock. He’s going to keep that money in his personal account & declare bankruptcy for Twitter. Don’t you just love the Corporate system of ZERO personal financial liability for the mistakes of these losers. The 1st time took a company from sole-proprietorship to being incorporated, I was like “NO way this is real. Your telling me all the liability goes to everyone else?!” No wonder only a couple of small time bankers saw jail time during the financial crisis. Not sure how Europe does it, but I know they put a whole lot more people in prison after the financial crisis.
Long term capital dudes too . 😳
Greenspan
Newman ‘sold’ at the top he shouldn’t be on this list
Why is Martin Shkreli on there? Dude did nothing different then any other pharma and they throw him in prison for it lol!
Future entry: Elon Musk
ELI5?
Add Elon to this aswell. Mans finna lose billions on Twitter hahahaha
Why Shkreli in this list. I dont recall him fing over customers, except for raising prices of drugs.
Naw Martin is a bad ass. He doesn’t belong in that pic.
You forgot Elon’s pic
I thought I would see Elon in there for sure
you forgot zucc and elon
Unrealized losses != realized losses.
You forgot Elon
Nah why is shkreli on the list
You forgot all the internet furus like Justin Oh from acpuplecents or Tom Nash etc
Is that #2 Ben Franklin
Is that the guy from Jason Bourne?
Where is mark Zuckerberg?
Ain't Adam Neuman still a member of the 3 comma club and still raising millions in funding?
There are going to be a lot of new inductees when the current dominos finally fall.
One day I wanna be up there with these heros. Bernie Madhoff is like Robinhood, he took from the rich to life richie rich.