Martin Shkreli Tossed In The Hole For Allegedly Running Company From Prison: Report

BYAron A.Updated on September 26, 20222.9K Views

Former pharmaceutical executive Martin Shkreli pauses while speaking to the press after the jury issued a verdict in his case at the U.S. District Court for the Eastern District of New York, August 4, 2017 in the Brooklyn borough of New York City. Shkreli was found guilty on three of the eight counts involving securities fraud and conspiracy to commit securities and wire fraud.

Martin Shkreli was reportedly sent into solitary confinement, according to sources.

Martin Shkreli is trying to become the Avon Barksdale of the pharmaceutical game, apparently. According to The Daily Beast, Shkreli was placed in solitary confinement at Federal Correctional Institute of Fort Dix, New Jersey earlier this month following reports that he was still running his business from behind bars.

Eduardo Munoz Alvarez/Getty Images

Earlier this month, The Wall Street Journal published a piece that claimed he was using an illegal phone to make business moves from behind bars. The article said that Shkreli fired the interim CEO of his company, Phoenixus AG, over the phone earlier this year.

Two sources close to Shkreli told Forbes that he was indeed in the hole. However, the Bureau of Prisons didn't confirm the news, saying they wouldn't release any details on “an individual inmate's conditions of confinement.” They did confirm that the claims made in the WSJ article were "under investigation."

“When there are allegations of misconduct, they are thoroughly investigated, and appropriate action is taken if allegations are sustained,” a BOP spokesperson said.

One of the sources close to Shkreli's legal team said he was sent to the special housing unit for a week and a half after WSJ published the article. Justin Liverman, an inmate in the facility and ex-member of hacker crew, Crackas With Attitude, said that Shkreli was placed in solitary. “Martin is in the SHU,” Liverman told Forbes.

About The Author

Aron A.

Aron A. is a features editor for HotNewHipHop. Beginning his tenure at HotNewHipHop in July 2017, he has comprehensively documented the biggest stories in the culture over the past few years. Throughout his time, Aron’s helped introduce a number of buzzing up-and-coming artists to our audience, identifying regional trends and highlighting hip-hop from across the globe. As a Canadian-based music journalist, he has also made a concerted effort to put spotlights on artists hailing from North of the border as part of Rise & Grind, the weekly interview series that he created and launched in 2021. Aron also broke a number of stories through his extensive interviews with beloved figures in the culture. These include industry vets (Quality Control co-founder Kevin "Coach K" Lee, Wayno Clark), definitive producers (DJ Paul, Hit-Boy, Zaytoven), cultural disruptors (Soulja Boy), lyrical heavyweights (Pusha T, Styles P, Danny Brown), cultural pioneers (Dapper Dan, Big Daddy Kane), and the next generation of stars (Lil Durk, Latto, Fivio Foreign, Denzel Curry). Aron also penned cover stories with the likes of Rick Ross, Central Cee, Moneybagg Yo, Vince Staples, and Bobby Shmurda.