• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

Martin Shkreli continues to run business from prison, report says

Rogue Valley

Rogue Valley

Lead or get out of the way
DP Veteran
Joined
Apr 18, 2013
Messages
94,328
Reaction score
82,711
Location
Barsoom
Gender
Male
Political Leaning
Independent
Martin Shkreli continues to run business from prison, report says

D6EWCHEEOBB7TK3GX5X3RQ5XTM.jpg

Martin Shkreli being arrested by the FBI.

3/7/19
Martin Shkreli reportedly runs his pharmaceutical company from prison on a contraband smartphone. Shkreli continues to run the remains of the drug company that once earned him the title of most hated man in America, according to a story in the Wall Street Journal. He was convicted of securities fraud and conspiracy in 2017. He has served 16 months of a seven-year sentence in federal prison. Shkreli is reportedly running Phoenixus AG, formerly known as Turing Pharmaceuticals. In 2015, when Shkreli was the CEO, Turing raised the price of the lifesaving drug Daraprim used by AIDS patients from $13.50 a pill to $750 a pill. The price hike sparked a public outcry. worth $3.7 billion by the time he gets out of prison. In one recent phone call, Shkreli fired Phoenixus CEO Kevin Mulleady, the Journal reported. Shkreli reportedly later changed his mind, agreeing to suspend Mulleady rather than fire him.

The company, which has no website and whose phone has been disconnected, could not be reached for comment on the story on Thursday. Attorney Marc Kasowitz, who the Journal reported has been hired by Phoenixus, did not respond to a request for comment. Benjamin Brafman, Shkreli's criminal attorney, declined to comment on the report, as did the FBI, which said it could neither confirm nor deny an investigation into Shkreli's activities in prison. The Federal Bureau of Prisons said it cannot discuss details of confinement for an individual inmate. It pointed out that federal inmates are prohibited from possessing cell phones in prison. Conviction for such an offense can result in a term of imprisonment of up to one year and a fine, the bureau said.
Shkreli's social media accounts remain active despite his prison sentence. He also has a blog on Medium. New posts on Medium and Facebook appeared as recently as Tuesday. He did not respond to a request for comment. Shkreli's sentence was not related to his time at Turing. Instead he was charged with defrauding investors out of more than $11 million between 2009 and 2014. The charges and conviction dealt with his time as CEO of Retrophin (RTRX), a different biotech company that ousted him in 2014.
A Judge ordered Shkreli to forfeit about $7.4 million in assets and pay a $750,000 fine as part of his sentence.
Click to expand...

This is unconscionable. And Marc Kasowitz was also an attorney for President Trump. How does Shkreli afford such high priced counsel? It also seems to me that Shkreli is openly violating Bureau of Prisons regulations.

Related: 'Pharma Bro' Martin Shkreli moved to low-security federal prison in New Jersey
 
His net worth is $28 million... He can afford good counsel.

Also had a colleague that went to school with him. Very intelligent individual; the type of person you'd expect to still be running things even when he isn't officially running things.
 
How has this guy not been shivved yet.....
 
Hedgology said:
His net worth is $28 million... He can afford good counsel.

Also had a colleague that went to school with him. Very intelligent individual; the type of person you'd expect to still be running things even when he isn't officially running things.
Click to expand...

Just because he's intelligent doesn't mean he's not a scumbag.
 
Sociopaths seldom feel empathy for others, except for other sociopaths, who they recognize and feel kinship with rather quickly.
Curiously however, a sociopath seldom if ever recognizes their own condition as such.
 
Easy enough to remedy. Take the ****head's phone away. If he won’t give it up, switch his cell. If he's bribing people, fire them. Tell the warden he's fired if this continues.

Problem solved.
 
Hedgology said:
He broke the law; that isn't an opinion. Your description of his character is one, on the other hand.
Click to expand...

Scumbag is as scumbag does. I stand by my statement.
 
Helix said:
Easy enough to remedy. Take the ****head's phone away. If he won’t give it up, switch his cell. If he's bribing people, fire them. Tell the warden he's fired if this continues.

Problem solved.
Click to expand...

That must be easier said than done since such contraband is a problem in nearly every prison. I imagine if we paid correctional officers better we could find better candidates who would also be less likely to succumb to bribery. But I don't know.
 
Skeptic Bob said:
That must be easier said than done since such contraband is a problem in nearly every prison. I imagine if we paid correctional officers better we could find better candidates who would also be less likely to succumb to bribery. But I don't know.
Click to expand...

i'm definitely for paying correctional officers more. however, i'm also for holding upper management more accountable. after spending more time in the corporate world, i've found that they have a way of covering their asses better than anyone. if means their jobs, the problem will be solved or will be sidestepped somehow.
 
Shkreli, 35, was transferred on Tuesday from a bleak federal facility in New York to the federal correctional institution at Fort Dix, about 40 miles north-east of Philadelphia.

The man nicknamed “Pharma Bro” for his audacity over drug pricing and puerile public displays of arrogance was sentenced last month to seven years in prison for securities fraud. He was also fined $75,000.

According to the prison’s handbook, there are no bars or security towers at the prison, or locks on inmate “rooms” (not cells). Inmates must demonstrate a high degree of responsibility, and “the expectations are that each inmate will comply”.
Amenities at the prison complex include racquetball and volleyball courts, larger areas for team sports, pool tables, a music room and facilities for arts and crafts.



Can you have cell phones in federal prison?
Federal law prohibits the use of cellphones by federal inmates, but the Federal Bureau of Prisons seized 8,656 cellphones from inmates in 2010, up from 1,774 in 2008, according to the report by the Government Accountability Office. More than three-quarters of the phones seized were from minimum-security prisons. Sep 8, 2011
 
Prisoners Use Smuggled Phones And Drones, But Justice Department Plans To Jam Airwaves

Prisoners Use Smuggled Phones And Drones, But Justice Department Plans To Jam Airwaves

The federal prison system will test new technology next week in an attempt to block smuggled cellphones used by inmates behind bars, the Department of Justice said Monday.

Legal prison cellphones are “a major safety issue” that is getting worse, said Deputy Attorney General Rod Rosenstein, announcing that the agency would support regulatory changes that would make it easier to jam cell phones inside federal Bureau of Prison facilities.

“On January 17, BOP will test micro-jamming and evaluate whether we can use that new technology in prisons without disrupting services in the surrounding area," Rosenstein told a conference of state and federal correction officials in Orlando, Fla.

Rosenstein also told the correction officials about the threat of drones that can fly contraband items like phones, drugs and weapons into jail and prison yards.

Just like cell phones, drones present technological and legal challenges and solutions to detect and disrupt drones are “in their infancy,” he said.

The federal Bureau of Prisons, which houses 185,000 inmates, confiscated over 5,000 cell phones from inmates in 2016, but the number rose last year, said Rosenstein, citing preliminary. The deputy AG said his office recently prosecuted the case of a Tennessee inmate used a smuggled cellphone to download and send child pornography and another case of a North Carolina gang member who used a cellphone to order an attack on a prosecutor’s father.
 
If I were unfortunate enough to be convicted but fortunate enough to land in a minimum security prison, I wouldn't be rocking the boat. Make too many mistakes and they will send you to a less "comfortable" place.
 
Hedgology said:
Wow. You're mean...
Click to expand...

Yeah, but he is just "call a person a scumbag" kind of mean, not the "price gauge people out of their much needed medicine" kind of mean. :)
 
Skeptic Bob said:
Yeah, but he is just "call a person a scumbag" kind of mean, not the "price gauge people out of their much needed medicine" kind of mean. :)
Click to expand...

Because of him, people have the medicine to begin with. I'm sure you'd be happy if the medicine was never produced at all.
 
Hedgology said:
Because of him, people have the medicine to begin with. I'm sure you'd be happy if the medicine was never produced at all.
Click to expand...

Because of Shkreli, many could no longer afford this HIV/AIDS medicine, which was generic. Once you were started on it by a physician, you had to take it for weeks or even months.

Another pharma house, sick of Shkreli's price-gouging, created a substitute that they sold for $1 a pill.
 
Helix said:
Easy enough to remedy. Take the ****head's phone away. If he won’t give it up, switch his cell. If he's bribing people, fire them. Tell the warden he's fired if this continues.

Problem solved.
Click to expand...
I understand there could be a year extension for the contraband. Hopefully they will take advantage of this,
 
Hedgology said:
Because of him, people have the medicine to begin with. I'm sure you'd be happy if the medicine was never produced at all.
Click to expand...

It's pathetic that you're actually defending this scumbag.
 
Update.....

'Pharma Bro' in solitary confinement for alleged contraband phone use

4/3/17
Pharmaceutical honcho Martin Shkreli has been banished to solitary confinement amid allegations he was running his drug company from federal prison using a contraband smartphone, a person familiar with the matter told The Associated Press. Shkreli was moved to solitary confinement at the Fort Dix, New Jersey, facility on March 7 and is likely to remain there while his alleged conduct is being investigated, the person said. The person wasn't authorized to discuss the matter publicly and spoke on condition of anonymity. The U.S. Bureau of Prisons told the AP on March 8 that it was investigating whether Shkreli, known as the "Pharma Bro," violated prison rules forbidding inmates from conducting business and possessing cellphones.

If it's prosecuted in court, a conviction could tack on up to an extra year of prison time. Within the inmate discipline program, having a cellphone is considered a "greatest severity level" offense and carries sanctions ranging from loss to privileges to up to a year in solitary confinement. In Shkreli's case, he could face more punishment if he's also found to have conducted business while locked up.
Click to expand...

I'ts rather obvious that 'Pharma Bro' isn't learning any lesson in prison or reforming. They should just forget about his location for a month or so.
 
You must log in or register to reply here.
Back
Top Bottom