News for hackers. Stuff that matters.
Re:Martin Shkreli Arrested on Securities Fraud Charges by bko on Thursday December 17, 2015 @07:49AM (#10751149)
I don't know the details of this particular case but whenever I see a very public figure arrested, no matter how reviled, I grow a bit concerned. Despite being sleazy and unethical, his raising of drug prices was not against the law. Financial law was written purposely vague such that it can be used a hammer to arrest those who dissent from the will of those in power.

Yulia Tymoshenko, former prime minister of Ukraine was convicted of "embezzlement and abuse of power". Julian Assange, editor-in-chief of Wikileaks is facing extradition. Elliot Spitzer, former attorney general, was ousted from power due to a prostitution scandal that appeared targeted.

Whatever you think about US health care and drug prices, we should not rely on a system that requires individual actors to be good people. We should strive for a system that does not require moral actors to function.

Of course I could be wrong. Shkreli arrest could be legit and be purely coincidental to the outrage that he has drawn.

Re:Martin Shkreli Arrested on Securities Fraud Charges by TeMPOraL on Thursday December 17, 2015 @09:12AM (#10751508)
> Whatever you think about US health care and drug prices, we should not rely on a system that requires individual actors to be good people. We should strive for a system that does not require moral actors to function.

I don't think it's desirable or even possible, and even if, it would be prohibitively expensive. Ultimately, the society itself is held together by trust and assumption that people generally behave morally. In every area where this assumption doesn't hold we have to enact laws and systems that counter bad behaviour, and those are usually very costly and slow things down (just think about airport security). Trust is what allows us create efficient systems that save money by not having to strongarm people into particular patterns of behaviour, assuming instead they'll follow those patterns of their own accord.

Moreover, systems disconnected from human morality seem to be an ultimate case of following the letter instead of spirit of the law. It risks turning a system into self-perpetuating one that doesn't care about its intended purpose. If everything in healthcare would follow just the letter, how would we make sure it serves its actual function, i.e. keeping people healthy and happy?

Lastly, I believe that codifying things is a tradeoff with a serious cost - written laws have much smaller expressive power than intent-based rules. The world is complicated, people are complicated, but we all share the same brain architecture that does most of the work for us. To codify a simple "be good to each other" rule, you have to write and maintain thousands and thousands of pages of legalese, ridden with contradictions and corner cases. That's a huge cost.

I'm not saying we shouldn't write laws, or design systems to minimmize individual impact. But we need to remember that it's a trade-off. It's like the main problem of programming: computers are dumb, they don't know what we mean. The laws don't know it either (they're basically code). But we do. We have a tremendous advantage built right in. We shouldn't be so quick to reject it because we're afraid of others.

Re:Martin Shkreli Arrested on Securities Fraud Charges by johnpowell on Thursday December 17, 2015 @07:56AM (#10751174)
Try reading the article. The arrest is not for raising drug prices.
Re:Martin Shkreli Arrested on Securities Fraud Charges by wrong_internet on Thursday December 17, 2015 @08:09AM (#10751236)
You missed the OP's point. Most of us unknowingly commit major crimes in the course of our day, just given the sheer volume of statutes arrayed against us.

OP is referring to when prosecutorial discretion permits "the powers that be" to use this fact against people who fall into disfavor.

Re:Martin Shkreli Arrested on Securities Fraud Charges by carbocation on Thursday December 17, 2015 @08:49AM (#10751398)
According to TFA, the investigation started in 2012, long before his notoriety.
Re:Martin Shkreli Arrested on Securities Fraud Charges by bko on Thursday December 17, 2015 @08:05AM (#10751215)
I did read the article and my comment doesn't state that his arrest was for raising drug prices. My comment said that vague financial laws, for which he was arrested (fraud), is often used against those that have stoked the anger of those in power.
Re:Martin Shkreli Arrested on Securities Fraud Charges by hexagonc on Thursday December 17, 2015 @09:19AM (#10751539)
This is why there is a thing called public relations. You can have ten guys who are all guilty of the same crime but if one if them is loud and deliberately trolling the public then you can bet he'll get more scrutiny, given that investigatory resources are limited. If you're outspoken about doing something that may be legal by the letter of the law but which is morally questionable (by the standards of your society) then that is a good way to get legislators to revisit the law. Similarly, if you're using loopholes and "wealth managers" to avoid paying taxes, then don't talk about it! Otherwise, you better make sure your past is clean. If you think it's unfair that law enforcement is focused on Shkreli instead of others, I'd say that's tough shit -- just as he would say to people suffering from his increased drug prices.
Re:Martin Shkreli Arrested on Securities Fraud Charges by RockyMcNuts on Thursday December 17, 2015 @10:37AM (#10752056)
Society requires minimally moral and responsible actors to function.

Shkreli has been under criminal investigation since January, pleaded the fifth, is the target of a civil lawsuit with some pretty strong allegations and made some pretty self-incriminating statements.

Political prosecutions are bad but this clearly isn't the case here http://www.newsweek.com/martin-shkreli-drug-manipulation-dar...

Re:Martin Shkreli Arrested on Securities Fraud Charges by fbbbbb on Thursday December 17, 2015 @08:03AM (#10751202)
The next to last paragraph makes a good point. Currently the state of the game seems to be: we don't care about you, as long as you aren't one of the most immoral actors.
Re:Martin Shkreli Arrested on Securities Fraud Charges by late2part on Thursday December 17, 2015 @08:03AM (#10751207)
I support your point of view.

It seems that the prosecutorial groups are more likely to shine their light on people they find morally repugnant.

Re:Martin Shkreli Arrested on Securities Fraud Charges by littletimmy on Thursday December 17, 2015 @08:30AM (#10751322)
More likely, those who go against the status quo or are not the in-the-know crowd. I can't help but think that this CEO is a douchebag, but a very public douchebag. Big Pharma can't risk people figuring out that they use the same tactics he's using.
Re:Martin Shkreli Arrested on Securities Fraud Charges by tbrownaw on Thursday December 17, 2015 @08:58AM (#10751442)
More likely, those who go against the status quo or are not the in-the-know crowd.

Isn't that the same thing? You won't pick morals that say you're in the wrong.

Re:Martin Shkreli Arrested on Securities Fraud Charges by briandear on Thursday December 17, 2015 @09:08AM (#10751487)
Very similar to how conservative filmmaker Dinesh D'Souza was arrested and convicted over $20,000 in campaign finance violations -- and he 'coincidentally' has been highly vocal in his opposition to Obama and Hillary Clinton.

Yet, in Washington State, Tim Sheldon has a illegal PAC called "American Values First" and broke a whole host of campaign finance laws as well as 501(c)4 violations, and yet that guy never saw the inside of a courtroom.

We have the IRS that has targeted groups based solely on political views as well.

When the government attempts to use it's power to shut down voices (regardless of the politics) we're about 1 step away from the worst aspects of Communist China.

Re:Martin Shkreli Arrested on Securities Fraud Charges by cheez on Thursday December 17, 2015 @08:49AM (#10751401)
They are alleging that he structured arrangements with a new firm to pay off investors from an old firm. Fake consulting agreements, fake loans.

The case the prosecution has to prove is that they were fake. Tough job unless they have a snitch from the old firm.

Re:Martin Shkreli Arrested on Securities Fraud Charges by kauffj on Thursday December 17, 2015 @08:11AM (#10751245)
Don't forget one of the best/worst examples: Joseph Nacchio https://en.wikipedia.org/wiki/Joseph_Nacchio
Re:Martin Shkreli Arrested on Securities Fraud Charges by rmc on Thursday December 17, 2015 @07:54AM (#10751166)
> his raising of drug prices was not against the law

It should be.

Re:Martin Shkreli Arrested on Securities Fraud Charges by msandford on Thursday December 17, 2015 @08:18AM (#10751278)
Then why shouldn't giving you a raise be against the law also?

EDIT: I'm not defending the guy or the drug industry necessarily, just asking how you'd craft a law that makes drug prices "fair" but also isn't incredibly arbitrary.

Re:Martin Shkreli Arrested on Securities Fraud Charges by pjc50 on Thursday December 17, 2015 @09:08AM (#10751488)
Re:Martin Shkreli Arrested on Securities Fraud Charges by Karunamon on Thursday December 17, 2015 @12:12PM (#10752700)
Because giving someone a raise generally isn't a case of withholding lifesaving treatment from people who have no other options.