Friday, March 29

Martin Shkreli, Wall Street’s ‘Pharma Bro,’ is out of prison early


Martin Shkreli, the former hedge fund executive who became a symbol of Wall Street greed and excess after his company purchased a lifesaving medication and hiked up its price hundreds of times over, has been released early from prison.

Shkreli left the Allenwood, Pa. minimum security prison Wednesday and is being transferred to a halfway house under the supervision of the Federal Bureau of Prisons, according to statements from his lawyer and a prison bureau spokesman.

“I am pleased to report that Martin Shkreli has been released from Allenwood prison and transferred to a [Bureau of Prisons] halfway house after completing all programs that allowed for his prison sentence to be shortened,” his lawyer, Ben Brafman, said in a statement.

Martin Shkreli, former chief executive officer of Turing Pharmaceuticals, left, speaks to members of the media with his attorney Benjamin Brafman outside federal court in the Brooklyn borough of New York on Aug. 4, 2017.

Images of Shkreli – one inside a vehicle and one inside a restaurant – were posted Wednesday on Twitter by Edmund Sullivan, who wore a shirt emblazoned with the words “FREE SHKRELI.”

Brafman said he has encouraged Shkreli not to make any statements to the media while he is in the halfway house.

Donald Murphy, a spokesman for the Federal Bureau of Prisons, said Shkreli will remain in the halfway house until mid-September.

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