Martin Shkreli was sentenced to seven years in prison for fraud. He told his family, “I love you. I miss you. Please don’t worry about me.”
Martin Shkreli, the controversial pharmaceutical entrepreneur who was convicted of fraud and conspiracy charges, is now facing a federal investigation into his behavior in prison.
The Bureau of Prisons has opened an investigation into Shkreli after the Wall Street Journal reported that he was secretly leading his pharmaceutical enterprise using a cell phone behind bars.
“When there are allegations of misconduct, they are thoroughly investigated and appropriate action is taken if such allegations are proven true,” the Bureau of Prisons said Friday in a statement. “This allegation is currently under investigation.”
The Bureau of Prisons said federal inmates are prohibited from having cell phones or running businesses. If convicted of having a cell phone, Shkreli would face up to one year of additional prison time or a fine, according to federal law. Other disciplinary options are also possible if he’s found to have conducted business behind bars.
The investigation marks the latest in a series of unusual twists in the career of Shkreli, who drew political ire for drug price hikes and was later convicted of unrelated charges associated with his handling of financial investments.
Shkreli has been a lightning rod for attention for years, stemming from decisions like his reported $2 million purchase of a Wu-Tang Clan album and his dismissal of Congress members as “imbeciles.” He earned the nickname “Pharma Bro” for his bombastic and independent ways.
How Shkreli went down: ‘Pharma Bro’ Martin Shkreli convicted on three of eight criminal charges
The WSJ revealed that Shkreli “remains the shadow power” at his drug company, Phoenixus AG, despite his residency at a low-security federal correctional institution.
Shkreli, who is serving a seven-year sentence, plans to acquire rare drugs to bolster his company’s finances, according to the WSJ. The report quoted Phoenixus board member Akeel Mithani saying it’s “widely known” that Shkreli has a cell phone in prison.
Follow USA TODAY reporter Nathan Bomey on Twitter @NathanBomey.
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