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> Prosecutors charged him with illegally taking stock from Retrophin Inc., a biotechnology firm he started in 2011, and using it pay off debts from unrelated business dealings. He was later ousted from the company, where he’d been chief executive officer, and sued by its board.

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That's a swell business plan if you pay less in fines and settlements than you can steal.

Is it not illegal to not report a crime? How can all the parties involved in public trading have not noticed something they had to report.

Aren't parties who are having a debt paid to them interested some diligence the money is legitimate? I mean it's my problem if I unknowingly by a stolen car.

Is it not illegal to not report a crime?

Pretty sure this only applies to the ethics standards of psychiatrists, et. al. I don't think a normal citizen is required to report crime.

In France it would be the end of their career for a professional bound by secret (doctors, lawyers etc.) to report a crime confessed during a session. But they have pretty persuasive power, I know some lawyers advised some people to confess very gritty crimes to the police.

But normal citizens could go to jail for not reporting.

I don't know the answer to your question, but the authorities arrested Shkreli's lawyer as an accomplice.

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