‘Pharma Bro’ moves to New Jersey – for federal prison stay
FORT DIX, N.J. — The pharmaceutical-industry entrepreneur vilified for jacking up the price of a life-saving drug was moved Tuesday to a low-security federal prison in New Jersey.
Martin Shkreli was sent from the Brooklyn Metropolitan Detention Center in New York to the Federal Correctional Institution at Fort Dix.
Shkreli, who was dubbed “Pharma Bro” for his loutish behaviour, was sentenced last month to seven years in prison for securities fraud and fined $75,000.
According to the prison’s handbook , there are no bars, towers or locks on rooms. Inmates must demonstrate a high degree of responsibility, and “the expectations are that each inmate will comply.”