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Martin Shkreli is in prison — and could face a harsher punishment when he's sentenced for securities fraud next year

Martin Shkreli
Martin Shkreli

(Martin Shkreli (C), CEO of Turing Pharmaceutical, is brought out of 26 Federal Plaza by law enforcement officials after being arrested for securities fraud on December 17, 2015 in New York City.Getty Images)

Martin Shkreli is officially a federal inmate — inmate #87850-053 to be exact.

The former pharmaceutical executive was sent to Brooklyn Metropolitan Detention Center Wednesday evening after having his $5 million bail revoked over a controversial Facebook post he made last week.

He'll likely remain locked up until his sentencing in mid-January.

The facility has an inmate population of 2,000, and according to NBC, typically houses mafia members, drug smugglers, and terror suspects. It's been compared to a "third-world country" and has a history of harsh inmate conditions — a far cry from the cushy "Club Fed" Shkreli predicted he would end up in.

Shkreli, who gained notoriety in 2015 for hiking up the price of a life-saving AIDS drug, was convicted of securities fraud in August. He had been living freely until Wednesday, when federal judge Kiyo Matsumoto revoked his bail, citing a Facebook post in which Shkreli offered a $5,000 reward for a strand of Hillary Clinton's hair.

Matsumoto called the post "a solicitation of assault" and said Shkreli "may be creating ongoing risk to the community."

And according to CNN, the same behavior that got his bail revoked could mean more prison time for the so-called "Pharma bro."

"The judge has already interpreted Shkreli's behavior as violent and the public needs to be protected from him," Sarah Walters, a white-collar defense attorney, told CNN. "That is a factor that could lead to an increase in his sentence."

Shkreli get up to 20 years in prison when he's sentenced next year.

NOW WATCH: THE BOTTOM LINE: A lot of talk of a bitcoin bubble and a few good reasons to believe tech isn't one



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