Martin Shkreli Is Now in Federal Prison

'Pharma bro' wanted to go to minimum-security camp but was denied
By Evann Gastaldo,  Newser Staff
Posted Apr 18, 2018 6:30 PM CDT
'Pharma Bro' Is Now in Federal Prison
In this Aug. 4, 2017 file photo, Martin Shkreli talks with reporters after leaving federal court in New York.   (AP Photo/Seth Wenig, File)

Martin Shkreli wanted to serve out the remainder of his seven-year sentence at a minimum-security federal camp, but that request was denied and the 35-year-old "pharma bro" was transferred Tuesday to a federal prison in New Jersey. Shkreli, the infamous former pharmaceuticals company head convicted of defrauding hedge-fund investors and manipulating the stock of his former company, will serve out his sentence at Fort Dix Federal Correctional Institution, a low-security prison located on a military base about 80 miles from New York City. CNBC notes that "camps are considered safer for inmates and are relatively more pleasant places to do one's sentence," but says Shkreli may have been ineligible for a camp since a judge ruled him a public danger thanks to, among other things, his offer of a bounty for a strand of Hillary Clinton's hair. (More Martin Shkreli stories.)

Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.