‘Pharma bro’ Martin Shkreli maybe running his business from prison

By PharmaCompass

2019-03-14

Impressions: 137 Article

Seems like some people are simply incorrigible. A year back, ‘Pharma bro’ Martin Shkreli was sentenced to seven years’ imprisonment for securities fraud related to two hedge funds and fraud in Retrophin. According to a report published in the Wall Street Journal last week, the former Turing CEO is managing his business from jail, using a contraband cellphone.

In the wake of this report, the US Bureau of Prisons has begun an investigation into Shkreli's conduct in prison, including his possession of a contraband cellphone.

The bureau said possessing a contraband cellphone is a severe offense and could result in him being separated from other inmates, and having a restriction on visits. It also said that possessing a contraband phone could lead to criminal charges.

Thirty five-year old Shkreli still wields significant influence over Phoenixus AG, formerly known as Turing Pharmaceuticals. Shkreli is about 17 months into a seven-year prison sentence for defrauding investors in a previous company.

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“ The article is based on the information available in public and which the author believes to be true. The author is not disseminating any information, which the author believes or knows, is confidential or in conflict with the privacy of any person. The views expressed or information supplied through this article is mere opinion and observation of the author. The author does not intend to defame, insult or, cause loss or damage to anyone, in any manner, through this article.”

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