Martin Shkreli is a sacrificial wolf [View all]

[Cal Carpenter]

That's what I said to my spouse this morning. I'll use the words of Ian Welsh to expand on the thought, as he is far more eloquent than I:

"Securities arrests don’t happen by accident, and they don’t happen just because someone has committed securities fraud. There is so much securities fraud that practically anyone involved the markets beyond the retail investor level could be charged with something. Many investigations are ongoing at any given time, only a few can or will be prosecuted and prosecuting someone as rich as Shkreli is always a political decision.

This is a message.

Rook the proles as much as you want, but don’t scream it to the world. We have a good thing going here, sonny, and we don’t tolerate people who might wreck it.

Despite his cartoon villain behaviour, Shkrell is far from the worst CEO in America.

Billionaires may do as they please. The only rule is “don’t destroy the game”."

http://www.ianwelsh.net/martin-shkreli-arrested-for-securities-fraud/

I'm happy to see some semblance of justice in this case, but he's like the one cockroach you see vs the hundreds scurrying behind the walls...