‘Pharma Bro’ Martin Shkreli Released From Prison Early

Former pharmaceutical exec and so-called “Pharma Bro” Martin Shkreli has been released from prison early and sent to a halfway house, his lawyer confirmed to Insider. 

“I am pleased to report that Martin Shkreli has been released from Allenwood prison and transferred to a BOP halfway house after completing all programs that allowed for his prison sentence to be shortened,” attorney Benjamin Brafman said. “While in the halfway house I have encouraged Mr. Shkreli to make no further statement, nor will he or I have
any additional comments at this time.”

Shkreli posted a selfie to his Facebook page Wednesday with the caption “Getting out of real prison is easier than getting out of Twitter prison.”

Shkreli was found guilty of securities fraud in 2018 and faced an anti-trust lawsuit for raising the price of a rare drug by 5,000 percent. Earlier this year, a federal judge banned him from the pharmaceutical industry for life and ordered him to pay a $64.6 million fire.

Shkreli was released from a Pennsylvania prison after serving part of a seven-year sentence and will be transferred to a “community confinement” program, according to reports from NBC and CNBC.

Shkreli is scheduled to be completely released from federal custody on September 14, according to the US Bureau of Prisons website. 

The bureau did not immediately respond to a request for comment.

This story is developing. Please check back for updates.

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