Martin Shkreli Keeps $45,000,000 In Etrade Account

Discussion in 'Wall St. News' started by Fundlord, Jan 7, 2016.

  1. He's the CEO of multiple public companies. (some or all may be frauds, but still. -- money in the bank is money in the bank :cool: )
     
    #11     Jan 7, 2016
  2. Chris Mac

    Chris Mac

    Nope ! Money in the bank... can "disappear".
    That s why you should withdraw money regularly and diversify.
    Because money in your pocket is in your pocket.
    Remember Lehman, Northern Rock, Madoff, MF Global, Chypriot banks etc.
    Btw, it is quite obvious Shkreli is a cheater and a liar. You don't need a Phd in Psychology to understand that.

    CM
     
    #12     Jan 8, 2016
  3. Could be $45 million in KBIO stock 'valued' at $23.59/share
     
    #13     Jan 8, 2016
    destriero and MoreLeverage like this.
  4. Daal

    Daal

    "ponzi scheme" is just a exaggerated claim prosecutors use to scare people into a plea bargain. if he did something wrong, its going to be an accounting fraud or misappropriation of property, not a ponzi
     
    #14     Jan 8, 2016
  5. drcha

    drcha

    Well, only for now...they may RICO it away from him.
     
    #15     Jan 8, 2016
  6. Why does someone who has so much money decides to commit frauds, risking destroying his own reputation?
     
    #16     Jan 9, 2016
  7. Fundlord

    Fundlord

    Maybe to get the money in the first place.
     
    #17     Jan 9, 2016
    tradexxx0001 likes this.
  8. sprstpd

    sprstpd

    Why does he raise the price of a drug 5000% overnight? Because he has no regard for what is right and wrong.
     
    #18     Jan 9, 2016
    Chubbly and SunTrader like this.
  9. rockn

    rockn

    The live stream was pretty cool before all the press broke out, that it /he was legit, its a shame if the charges are true, and it was just ponzi scheme. I was observing a few times. Maybe he was trying to show he had nothing to hide?
     
    #19     Jan 9, 2016
  10. how does one protect 45m cash?

    is it insured [in a brokerage account] somehow?

    marc
    :banghead:
     
    #20     Jan 9, 2016