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August 20, 2019

Pharma Bro transferred out of low-security prison after cell phone antics

April 25, 2019
Martin Shkreli leaves Brooklyn Federal Court Friday, July 28, 2017. (Barry Williams/for New York Daily News)

Not cool.

“Pharma Bro” Martin Shkreli has been transferred out of his low-security prison and hauled back to Brooklyn after a report he was still running his business and tweeting with a contraband cell phone.


Shkreli, 36, who’s serving seven years in a federal prison for defrauding investors, has been moved from the prison at Fort Dix in New Jersey to the Metropolitan Detention Center in downtown Brooklyn, according to federal Bureau of Prisons records.

His lawyer, Benjamin Brafman, told CNBC he’ll remain there until his transfer to a prison in Allenwood, Penn.

The transfer comes after federal prison authorities opened a probe into Shkreli’s behavior behind bars, following a March Wall Street Journal report that he used the phone to call the shots at Phoenixus AG, and tried to fire the company’s CEO, Kevin Mulleady.

Mulleady had recently given himself a seven-figure pay increase, but Shkreli later decided to suspend him instead, according to the Journal.

Shkreli was also tweeting from prison using a secret, now-deleted account, @sriole, the Journal reported.

A Bureau of Prisons spokesman told CNBC the agency doesn’t share why inmates are transferred.

Shkreli was sentenced to seven years in prison for defrauding investors in March 2018.


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