'Pharma Bro' Martin Shkreli's appeal denied by U.S. Supreme Court
- Former pharmaceutical executive Martin Shkreli will remain in prison after the U.S. Supreme Court on Monday rejected his effort to overturn his conviction and seven-year sentence for securities fraud and conspiracy.
Shkreli, 36, argued that the jury instructions about the harm to his investors undermined his defense that he had acted in good faith. Shkreli also said the forfeiture was excessive because some investors received profits. Shkreli is serving his sentence at a low-security prison in Allenwood, Pennsylvania. He is eligible for release in September 2023, when he will be 40.
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