No CRIMINAL Charges: 535+DOJ+FBI Delete Them All
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2019-05-13 07:00 by Karl Denninger
in Corruption , 340 references Ignore this thread
No CRIMINAL Charges: 535+DOJ+FBI Delete Them All
[Comments enabled]

Gee, just a civil suit.....

WASHINGTON (Reuters) - U.S. states filed a lawsuit accusing 20 drug companies including Teva Pharmaceuticals USA Inc of a sweeping scheme to inflate drug prices - sometimes by more than 1,000 percent - and stifle competition for generic drugs, state prosecutors said on Saturday.

State prosecutors.....

Why not federal prosecutors?  And why not criminal charges -- against both the firms and all the executives?

See, 15 USC Chapter 1 says this conduct is a criminal felony, not just a civil matter.  Never mind that if you can manage to get over the thresholds that felony turns into Racketeering, which comes with even more jail time and triple damages.

But none of the states are interested in that.  They're not really interested in putting a stop to the outrageous medical scams in our "economy", because if they did then all those people employed by said scam would be fired, excepting of course the actual people providing real care to real persons.

Which is about 10% of those employed in these schemes over the last decade and more.  The other 90% are ripping you off while the authorities chuckle at all the "jobs" the robbery "creates" -- more than 300,000 in the last year alone!

So instead we see these breathless filings containing allegations that, if true are not just a civil matter.

They're criminal felonies and in this case 15 individuals are named as well which means putting them in the dock -- arresting them and trying them with the very decent probability that they'll do a few decades in prison each would be a very useful tool to not only expose the rest of the scams but at the same time serve as a real deterrent.

Instead these firms will simply jack up the price and force you to pay for whatever "settlement" is ultimately negotiated.

Why that path?

Because the felonies in the medical system are second only to the active conspiracy and efforts by State and Federal lawmakers to shove even more expense down your throat, and what better way to do it while waving the flag and saying they're "helping you" than to extract a big financial settlement that the firm will then gleefully turn around and force YOU, as a consumer, to pay.

Tossing someone in prison can't be cost-shifted onto consumers and irrespective of how rich someone is going to prison still sucks; arguably, for the very wealthy it sucks more than it does for a poor person who might actually see his standard of living improve while behind bars given that he gets free food, medical care and even a free education!

We not only have 535 corrupt bastards in Congress and thousands more in the DOJ and FBI in DC all of the State Attorney Generals and state law-enforcement apparatus, down to the local Sheriff who could also arrest under state anti-trust law, are at least equally corrupt in extracting this massive, $3 trillion a year+ scam out of you.

smiley

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User Info No CRIMINAL Charges: 535+DOJ+FBI Delete Them All in forum [Market-Ticker]
Captainkidd
Posts: 1344
Incept: 2010-05-25

Houston, Texas
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Fines and settlement agreements go to State and Federal Coffers....
It's like the Auto Insurance Scam you describe in other posts....
Fined executives can be fined again...
Jailed executives can't.

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A lawyer with a briefcase can steal more than a thousand men with guns. --Mario Puzo

It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. -- Henry Ford
Tickerguy
Posts: 157221
Incept: 2007-06-26
A True American Patriot!
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Neither can hanged ones.

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Winding it down.
Thorvold
Posts: 255
Incept: 2013-09-12

NY
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Why end a racket when it's more lucrative to share in the proceeds from it? Executives and DAs serve as the soldiers/capos while the pols are the dons.
Aztrader
Posts: 8304
Incept: 2007-09-10

Scottsdale, AZ
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Price fixing is perfectly fine as long as Congress gets their bribes. They have unlimited coverage themselves, so they don't care that the little people suffer.
Hang them all!
Tickerguy
Posts: 157221
Incept: 2007-06-26
A True American Patriot!
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smiley

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Winding it down.
Wifi
Posts: 1334
Incept: 2013-02-13

Seagrove Beach
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Don't bite the hand that feeds you!, government & DC's motto.
Big pharma, and WS are off limits for any punitive action

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Hurricane Evacuation Plan
1.Grab Beer
2.Run Like Hell
Tickerguy
Posts: 157221
Incept: 2007-06-26
A True American Patriot!
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Then the people need to stick some poison in the food.

Or show up with a load of wood, nails, saws and start building on the National Mall.

Gallows, to be specific.

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Winding it down.
Wifi
Posts: 1334
Incept: 2013-02-13

Seagrove Beach
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Totally, agree.

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Hurricane Evacuation Plan
1.Grab Beer
2.Run Like Hell
Whitehat
Posts: 1068
Incept: 2017-06-27

The People's Republic of New York
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if the great mass of people had the capacity to understand this, they would realize all of the lost opportunities, personal heartache and businesses never successfully started.

they do not even fear the unwinding process of the scam. it is just not possible for them to conceptualize it.

perhaps the only way to reach the great mass is to build a series of videos breaking this whole thing down from the simplest concepts and post them. it could go viral. however those lecturing on this over the years have grown tired and frustrated.

the best solution might be to let things fall apart to the point that people are receptive to a reason. hopefully they pick the right one. history shows that they often do not.

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There are two ways to be rich: One is by acquiring much, and the other is by desiring little.
snow, seasons, distance and dirt roads: SSDD
"Be not deceived; God is not mocked; for whatsoever a man soweth, that shall he also reap" (Gal. 6:7)
Keenan
Posts: 320
Incept: 2013-01-11

Western PA
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I've sent a letter to the elected Pennsylvania AG Shapiro demanding answers to exactly the questions you've raised in this Ticker. If a few hundred thousand others do the same maybe we can hope for further action.
Mannfm11
Posts: 5473
Incept: 2009-02-28

DFW, Tx
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I have an idea. Outlaw prescription insurance coverage or put a high deductible on it. That will get some action.

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The only function of economic forecasting is to make astrology look respectable.---John Kenneth Galbraith
Peterm99
Posts: 6302
Incept: 2009-03-21

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Mannfm11 wrote..
Outlaw prescription insurance coverage . . .
We got into the situation we're in because of gov't actions, e.g., many laws and regulations in the medical/insurance industries, outlawing some types of insurance, mandating various things, etc., etc., or inactions, e.g., refusal to prosecute fraud and monopoly law violations, etc.

And your solution is more gov't laws, regulations, and interference in the market??? One descriptor of insanity is doing the same thing over and over again and expecting a different result.

The ONLY action gov't should take is to ensure a freely operating market by enforcing anti-fraud and anti-monopoly laws and otherwise get the hell out of the way.

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". . . the Constitution has died, the economy welters in irreversible decline, we have perpetual war, all power lies in the hands of the executive, the police are supreme, and a surveillance beyond Orwells imaginings falls into place." - Fred Reed
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