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'Pharma Bro' Martin Shkreli has been released from prison early and sent to a halfway house

May 19, 2022, 03:40 IST
Business Insider
In this Feb. 4, 2016 file photo, Pharmaceutical chief Martin Shkreli smiles on Capitol Hill in Washington.AP Photo/Susan Walsh
  • Martin Shkreli has been released from prison and is being transferred to a halfway house.
  • He will be released from all federal custody on September 14, the US Bureau of Prisons said.
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The former pharmaceutical exec and "Pharma Bro" Martin Shkreli has been released from prison early and sent to a halfway house, having served less than five years of his seven-year sentence.

"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," Benjamin Brafman, his lawyer, told Insider.

Shkreli posted a selfie on his Facebook page Wednesday with the caption: "Getting out of real prison is easier than getting out of Twitter prison." He was likely referencing his 2017 suspension from the platform for harassing a journalist.

Earlier on Wednesday, a supporter posted a photo of himself with Shkreli dressed in a gray sweatshirt.

Shkreli was found guilty of securities fraud in 2017 and faced a separate antitrust lawsuit for raising the price of the rare, life-saving anti-parasitic drug Daraprim by 5,000%.

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He also made headlines when a one-of-a-kind Wu-Tang Clan album he bought for $2 million was seized by the Feds to pay part of his criminal penalty.

Earlier this year, a federal judge barred him from the pharmaceutical industry for life and ordered him to pay a $64.6 million fine.

Shkreli was released from a Pennsylvania prison after serving part of a seven-year sentence and will be transferred to a "community confinement" program, the US Bureau of Prisons confirmed to Insider.

He is scheduled to be completely released from federal custody on September 14, according to the bureau's website.

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