Former hedge fund manager and Turing Pharmaceuticals CEO Martin Shkreli has been transferred to a low-security federal prison in New Jersey, according to a Thursday report.
Shkreli, 34, otherwise known as “pharma boy” was sent from the Brooklyn Metropolitan Detention Center in New York to the Federal Correctional Institution at Fort Dix in N.J. Tuesday. The prison has no bars, towers or locks on rooms and includes amenities such as racquetball courts, pool tables and a music room, ABC News reported.
Inmates are required to demonstrate a high degree of responsibility, and “the expectations are that each inmate will comply,” according to the prisons handbook, reviewed by ABC News.
A jury convicted Shkreli of two counts of securities fraud and one count of conspiracy to commit fraud on August 4., 2017. Shkreli was under federal investigation for eight counts of securities and wire fraud. Federal prosecutors accused him of defrauding investors and for stealing from Turing Pharmaceuticals. (RELATED: ‘Pharma Bro’ Martin Shkreli Found Guilty Of Fraud)
Shkreli was sentenced to seven years in prison in March.
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