Former pharmaceutical CEO Martin Shkreli, dubbed the “Pharma Bro” by critics for jacking up the price of an AIDS drug, got an early release from prison Wednesday.
Shkreli, 39, had been sentenced to seven years in federal prison for securities-fraud charges in 2018, but he won an early release by completing programs that qualified him for a shortened sentence. He was moved to a halfway house, where he is expected to stay until mid-September.
MARTIN SHKRELI ORDERED TO PAY $65 MILLION FINE, BARRED FROM PHARMACEUTICAL INDUSTRY
“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,” Shkreli’s attorney, Ben Brafman, said in a statement, per the New York Post.
Shkreli’s prison sentence was unrelated to the price-gouging allegations that made him well known. He was arrested after allegedly lying to secure money from investors in a scheme that involved his hedge fund company MSMB Capital Management and his biopharmaceutical com