The U.S. Supreme Court has refused to take up the appeal case of Martin Shkreli, the disgraced former pharmaceutical executive who was convicted of defrauding investors.
Shkreli was convicted in 2017 of lying to investors about the performance of two failed hedge funds that he was running. He appealed to the 2nd Circuit Court of Appeals, but the three-judge panel upheld the lower court’s decision.
“We are disappointed by the court’s decision and continue to maintain that Martin was never treated fairly by any of the courts that have reviewed his case,” Shkreli’s lawyer Ben Brafman said in a statement to The Epoch Times. “Unfortunately, there is often a price to pay for notoriety. It is never helpful.”
The 36-year-old Shkreli drew the public’s ire in 2015 when, as CEO of a company then called Turing Pharmaceuticals, he raised the price of a lifesaving drug called Daraprim that is used to treat parasitic infections to $750 per pill from $13.50. He was widely criticized for several comments he made defending the price increase and on social media, which led to him being dubbed “Pharma Bro” and “the most hated man in America” at the time.
The lawsuit claims that Lee Yaffe had pressured Shkreli to sign the promissory note for $250,000 after George Yaffe lost a $100,000 investment in one of Shkreli’s hedge funds in 2012. He is seeking an unspecified amount of damages.