The last time the frenzied media was mugging an alleged financial criminal with utter abandon took place 7 years ago, when days after the Lehman collapse, respected "fund manager" Bernie Madoff was found to be nothing but a $60 billion Ponzi scheme.

And while we don't know if the emergence of the latest "financial criminal of a generation", America's most hated man Martin Shkreli, who earlier today was arrested and is facaing both civil and criminal charges and up to 20 yeasr in prison, is indicative of another Lehman-like even, what we do know is that a scene such as the one which unfolded in front of a Brooklyn courthouse, where dozens of reporters mugged the diminutive and scandalous figure after he posted a $5 million bond to be released back into society, is something that has not happened since Bernie Madoff's time.

MOMENTS AGO: Martin Shkreli leaves court in large media scrum, makes no comment about his case. https://t.co/V1quu2usTh — CNBC Now (@CNBCnow) December 17, 2015

Also earlier the FBI took an opportunity to explain that since there was no seizure warrant at Shkreli's arrest, the infamous Wu-Tang clan album still remains in Shkreli's possession.

#Breaking no seizure warrant at the arrest of Martin Shkreli today, which means we didn't seize the Wu-Tang Clan album. — FBI New York (@NewYorkFBI) December 17, 2015

Ironically, while it took just months for the full wrath of the US government to crack down on Shkreli, Madoff, whose $60 billion ponzi scheme, somehow operated for three decades and had to blow up on its own before the authorities got involved. Odd how that happens.

But who cares about Madoff: when talking about financial criminals of unmatched skill and the highest calibre, there really can be only one.

Jon Corzine on Martin Shkreli: "amateur" — zerohedge (@zerohedge) December 17, 2015

The one seen with Hillary Clinton in the photo below...

... The same Hillary Clinton who, incidentally, sealed Shkreli's fate: