The New York City-based federal appeals court on Thursday morning upheld Martin Shkreli’s conviction on securities fraud and conspiracy charges, along with an order requiring him to forfeit $7.3 million to the government, the National Law Journal reported. The U.S. Court of Appeals for the Second Circuit, in a seven-page summary order, rejected claims from the disgraced pharmaceutical executive that the judge in his case had relayed incorrect and confusing jury instructions, leading to a split verdict in 2017 that cleared him of five other counts, including wire fraud. A Brooklyn federal judge the following April sentenced Shkreli, the former CEO of Turing Pharmaceuticals, to serve seven years in prison, pay a fine and restitution and forfeit more than $7.3 million acquired through what prosecutors said amounted to a Ponzi scheme to defraud investors in his two hedge funds.
