Martin Shkreli “Pharma Bro” Released From Prison

( Martin Shkreli, a former CEO at a hedge fund and pharmaceutical company who was given seven years in federal prison in March 2018 for a Ponzi scheme, was freed early on Wednesday morning.

According to the United States Bureau of Prisons, Shkreli, also known as “pharma bro,” was transferred from a jail in Pennsylvania to a halfway house in New York. It is anticipated that the former pharmaceutical CEO will be discharged from the halfway house in September.

According to reports, Martin Shkreli’s attorney, Ben Brafman, issued a statement in which he said he is 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 was convicted of securities fraud and conspiracy to commit securities fraud.

Brafman said that while Mr. Shkreli is staying at the halfway house, he has strongly asked him not to make any more statements, and neither he nor Shkreli will have any other comments to make.

However, after being released from jail, “Pharma Bro” did indeed sign up for a Facebook account, where he wrote that getting out of actual prison is simpler than getting out of “Twitter prison.”

Shkreli was banned from Twitter in 2017 after he asked a female journalist, Lauren Duca, who had been one of his vociferous critics, whether she would be his plus one at the inauguration of President Donald Trump in 2017.

Duca had been one of Shkreli’s most vocal opponents.

In September of 2017, Shkreli was arrested and sent to jail for creating a satirical post on Facebook in which he offered a reward of $5,000 to anyone who could obtain a lock of hair from Hillary Clinton.

After increasing the cost of the treatment for toxoplasmosis by more than 5,000 percent, the 39-year-old man, who was once labeled “the most loathed man in America,” rose to ill-gotten infamy.

In 2016, Shkreli held an online auction in which he offered the chance for someone to slap or hit him in the face.

In a separate fraud case on March 9, 2018, Shkreli was given seven years in jail. This case is unconnected to the Daraprim fiasco.