In a dramatic turn of events, Mark Moffett, a former Aegerion Pharmaceuticals sales representative, is set to plead guilty to a single wire fraud count, signaling the culmination of a protracted legal battle that initially resulted in his conviction being overturned. This unprecedented deal aims to avoid a second trial and brings an end to a case characterized by twists and turns.
Mark Moffett Deal To Avoid 2nd Fraud Trial : The Tangled Web Unravels
Moffett’s legal saga began in 2018 when the government accused him of orchestrating a fraudulent scheme to promote Aegerion’s cholesterol treatment, Juxtapid. The allegations included deceiving insurance companies, falsifying patient diagnoses, and manipulating medical records. A Boston jury convicted Moffett in December 2019, but the First Circuit overturned the conviction due to improper jury instructions by U.S. District Judge William G. Young.
Pleading Guilty: A Shocking Twist
In a joint filing on Monday, Moffett and the government urged U.S. District Judge Richard G. Stearns to schedule a hearing for the guilty plea. If accepted, prosecutors will recommend a 20-month prison sentence for Moffett, according to the plea agreement. The unexpected plea deal adds an element of suspense to Moffett’s legal odyssey, leaving both his attorney and government representatives tight-lipped.
Mark Moffett Deal To Avoid 2nd Fraud Trial : Aegerion’s Shadow Looms Large
Moffett had consistently argued that the fraudulent scheme was Aegerion’s, not his own, despite government claims that he played a pivotal role, labeling himself the “puppet master.” Aegerion, as a company, faced its own reckoning, pleading guilty to misbranding Juxtapid and settling for over $40 million. Court filings revealed a significant overhaul of executives and employees as Aegerion distanced itself from the fraudulent practices.
The Fallout: A Cascade of Penalties
Aegerion’s legal troubles extended beyond criminal charges. The company settled with the U.S. Securities and Exchange Commission for $4.1 million and was ordered by Judge Young to pay an additional $36 million to the government and approximately 90 patients. The company’s admission of guilt and subsequent penalties underscore the severity of the case.
Mark Moffett Deal To Avoid 2nd Fraud Trial : Uncertain Future for Moffett
As Moffett navigates the turbulent legal waters, his attempt to dismiss identity theft charges related to doctor impersonation was rejected by Judge Stearns in September. The judge maintained that Moffett’s use of doctors’ information to secure insurance coverage for Juxtapid was central to the overarching fraud claims.
