Martin Shkreli is under investigation for allegedly using a cellphone from prison
Former pharmaceutical company chief executive Martin Shkreli arrives at federal court in New York in 2017 for the securities fraud trial of Shkreli. By Renae Merle Renae Merle Reporter covering white-collar crime and Wall Street Email Bio Follow March 8 at 3:29 PM The Bureau of Prisons said Friday it is investigating the conduct of notorious former hedge fund manager Martin Shkreli after a report he was using a cellphone from the New Jersey prison where he is serving a seven-year prison term.
“When there are allegations of misconduct, they are thoroughly investigated, and appropriate action is taken if such allegations are proven true,” the bureau said in a statement. “This allegation is currently under investigation.” He was arrested in 2015 and sentenced last year after a federal jury found he had defrauded investors in his hedge funds, including repeatedly lying to investors about major losses.
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