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His early release reflects good behavior and completion of rehabilitation programs
Infamous ex-pharmaceutical executive Martin Shkreli has been released from federal prison after serving less than five years of a seven-year sentence for a securities and wire fraud conviction. He is now moving into a US Bureau of Prisons halfway house at an undisclosed location in New York until September 14, 2022.
Shkreli was convicted in August 2017 on two counts of securities fraud and one count of conspiracy to commit securities fraud in connection to what federal prosecutors called a Ponzi-like scheme involving two hedge funds Shkreli managed. In March 2018, a federal judge sentenced him to seven years, which he was serving in minimum security federal prison in Allenwood, Pennsylvania.
His early release—slightly more than four years after his sentencing—reflects time shaved off for good behavior in prison, plus completion of education and rehabilitation programs, according to CNBC. It also includes a credit for the roughly six months he spent in jail prior to his sentencing.
Previously on SoylentNews:
United States Sells Unique Wu-Tang Clan Album Forfeited by Martin Shkreli
Judge Denies Shkreli's "Delusional Self-Aggrandizing" Plea to Get Out of Jail
Shkreli Stays in Jail; Infamous Ex-Pharma CEO Quickly Loses Appeal
Martin Shkreli Accused of Running Business From Prison With a Smuggled Smartphone
Sobbing Martin Shkreli Sentenced to 7 Years in Prison for Defrauding Investors
Britain Fines Pfizer Record £84.2m for 2600% Drug Price Hike
Daraprim Price Lowered in Response to Outrage
Cost of Daraprim Medication Raised by Over 50 Times
(Score: 5, Funny) by Anonymous Coward on Tuesday May 24 2022, @02:27AM (1 child)
Maybe he teams up with Elizabeth Holmes for Act 2?
(Score: 2) by DeathMonkey on Tuesday May 24 2022, @05:58PM
I will definitely watch that Netflix documentary. And Hulu documentary. And Peacock... and Universal... and the dramatized version on HBO!