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Shkreli Stays in Jail; Infamous Ex-Pharma CEO Quickly Loses Appeal

posted by Fnord666 on Monday July 22 2019, @11:39AM   Printer-friendly
from the swift-judgement dept.

"upstart" writes:

Submitted via IRC for SoyCow1984

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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  • (Score: 0) by Anonymous Coward on Monday July 22 2019, @04:34PM (6 children)

    by Anonymous Coward on Monday July 22 2019, @04:34PM (#869996)

    After his sentencing in March 2018, Shkreli was held in a minimum-security prison. But in March of this year, Shkreli was moved to a more secure facility after The Wall Street Journal reported that he was still running Turing (now known as Phoenixus AG) from behind bars with the use of a contraband cellphone.

    How peculiar, trying to limit his communication with his company so it would eventually tank and be bought for peanuts.

  • (Score: 1, Insightful) by Anonymous Coward on Monday July 22 2019, @04:36PM (4 children)

    by Anonymous Coward on Monday July 22 2019, @04:36PM (#869998)

    You wanna trigger the local MAGAs? Cause any mention of the name "Clinton" gets them more riled up than Hitler youth finding a gay teen.

    • (Score: 0) by Anonymous Coward on Monday July 22 2019, @04:39PM (3 children)

      by Anonymous Coward on Monday July 22 2019, @04:39PM (#870000)

      Woops, that reply was meant for the "Shkreli and the Clintons" shitpost. Those Russians sure know how to play stupid Americans !

      • (Score: 3, Funny) by DannyB on Monday July 22 2019, @06:17PM

        by DannyB (5839) Subscriber Badge on Monday July 22 2019, @06:17PM (#870024) Journal

        Those Russians sure know how to play stupid Americans !

        Is "Stupid Americans" a board game I can get at Target?

        How is the game played? Does it come with small plastic game pieces that get lost?

        --
        The lower I set my standards the more accomplishments I have.

      • (Score: 0) by Anonymous Coward on Monday July 22 2019, @09:20PM (1 child)

        by Anonymous Coward on Monday July 22 2019, @09:20PM (#870084)

        Can you at least log in and remove the up mod you gave your AC comment, since you posted it to the wrong thread?

        • (Score: 0) by Anonymous Coward on Tuesday July 23 2019, @01:13AM

          by Anonymous Coward on Tuesday July 23 2019, @01:13AM (#870158)

          I'm not one of the sock puppeteers sorry. Just be happy I bothered to reply and clarify.

  • (Score: 0) by Anonymous Coward on Tuesday July 23 2019, @12:38AM

    by Anonymous Coward on Tuesday July 23 2019, @12:38AM (#870148)

    Absolute SOP. The Bureau of Prisons flatly forbids running a business from inside. There are some things in the rules that you can get permission to do from the warden but that's not one of them. I've never heard of them making an exception.