'Pharma bro' Martin Shkreli moved from prison after claim he ran drug firm with banned cellphone

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'Pharma bro' Martin Shkreli moved from prison after claim he ran drug firm with banned cellphone
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Notorious drug-company fraudster Martin Shkreli has been removed from a federal prison in Fort Dix, New Jersey, after claims that he was running his pharmaceuticals firm Phoenixus while locked up with the help of a contraband cellphone.

div > div.group > p:first-child"> Notorious drug-company fraudster Martin Shkreli has been removed from a federal prison in New Jersey after there were claims he was running his pharmaceuticals firm while locked up with the help of a contraband cellphone.

However, the spokesman said that generally speaking,"there are number of factors that must be considered." Those include"the level of security and supervision the inmate requires, medical and programming needs, and other considerations. including proximity to an individual's release residence," he said.

The Wall Street Journal reported on March 7 that Shkreli, 36,"still helps call the shots" at the drug company Phoenixus AG, using a banned cellphone to fire the Manhattan company's CEO — a decision he later reversed — and direct other actions as part of his plan to acquire rare medications and invest in"an ambitious research-and-development agenda."

The Journal also reported that Shkreli, who had been banned by Twitter while still a free man, was tweeting under a new account, which became suspended when the article appeared. He also was convicted of conspiring to fraudulently manipulate stock shares of Retrophin, the pharmaceuticals company he founded after his hedge funds collapsed.

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