Shkreli Stays in Jail; Infamous Ex-Pharma CEO Quickly Loses Appeal
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Shkreli stays in jail; Infamous ex-pharma CEO quickly loses appeal
In a swift 3-0 vote Thursday, a panel of judges in a New York federal appeals court upheld the August 2017 conviction of Martin Shkreli. The infamous ex-pharmaceutical CEO is currently serving a seven-year prison sentence for fraud stemming from what prosecutors had described as a Ponzi-like scheme.
Shkreli, 36, must continue to serve his sentence and also still forfeit more than $7.3 million in assets, the judges affirmed.
The judges' ruling came just three weeks after hearing arguments in the appeal-rather than the normal period of months, Bloomberg notes. The ruling was also an unusually short seven pages.
In it, the panel rejected Shkreli's argument that the judge in his trial, US District Judge Kiyo Matsumoto, confused jurors with the wording of some of their instructions on how to deliberate the case.
"The instruction given here correctly stated the law," the panel said in its decision. "As such, we disagree with Shkreli that exclusion of additional language describing an element not required for the charged crime constituted a prejudicial error."
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