‘Pharma bro’ Martin Shkreli probed by prison authorities for allegedly running his company behind bars – National

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The U.S. Bureau of Prisons stated on Friday it was investigating former drug firm govt Martin Shkreli‘s conduct in jail after the Wall Avenue Journal reported he was nonetheless serving to run his previous firm utilizing a contraband cellphone.

“When there are allegations of misconduct, they’re totally investigated and applicable motion is taken if such allegations are confirmed true,” the Bureau of Prisons stated in a press release. “This allegation is at present beneath investigation.”

The investigation was first reported by the Journal.

WATCH: March eight, 2018 — Martin Shkreli could flip over Wu-Tang Clan album to repay $7.36 million federal invoice





The bureau stated that possessing a contraband cellphone was thought of a extreme offense and will end in self-discipline, together with being separated from the inmate inhabitants and having visits restricted. It additionally stated that possessing a contraband cellphone might result in felony costs.

Benjamin Brafman, a lawyer for Shkreli, declined to remark.

The Journal reported on Thursday that Shkreli, 35, nonetheless wields vital affect over the drug firm he based, Phoenixus AG, previously referred to as Turing Prescribed drugs. Shkreli is about 17 months right into a seven-year jail sentence for defrauding traders in a earlier firm.

READ MORE: ‘Pharma Bro’ moved to low-security New Jersey jail with pool tables, music room

The FBI has interviewed Shkreli’s associates about his position within the firm, the Journal stated, citing unnamed individuals who had been interviewed. The FBI didn’t instantly reply to a request for remark.

Shkreli, born in Brooklyn to Albanian immigrant dad and mom, turned often called the “Pharma Bro” in September 2015 after founding Turing Prescribed drugs, shopping for the anti-parasitic drug Daraprim and elevating its value by 5,000 % to $750 per tablet. In December 2015, he was indicted on unrelated securities fraud costs.

Prosecutors stated he defrauded traders in two hedge funds he ran, MSMB Capital and MSMB Healthcare, schemed to prop up the inventory value of Retrophin, the drug firm he based in 2011.

WATCH: Dec. 1, 2016 — College students in Sydney recreate drug Martin Shkreli hiked for fraction of value





A jury in federal court docket in Brooklyn discovered him responsible in August 2017.

He’s at Federal Correctional Establishment, Fort Dix, a low-security jail in New Jersey.

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