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Freeman writes:

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

Original Submission

1. "Freeman" - https://soylentnews.org/~Freeman/
2. "His early release reflects good behavior and completion of rehabilitation programs" - https://arstechnica.com/science/2022/05/martin-shkreli-out-of-prison-over-2-years-early-moved-to-halfway-house/
3. "according to CNBC" - https://www.cnbc.com/2022/01/14/pharma-bro-martin-shkreli-banned-for-life-from-drug-industry-ordered-to-pay-64point6-million.html
4. "United States Sells Unique Wu-Tang Clan Album Forfeited by Martin Shkreli" - https://soylentnews.org/article.pl?sid=21/07/28/005229
5. "Judge Denies Shkreli's "Delusional Self-Aggrandizing" Plea to Get Out of Jail" - https://soylentnews.org/article.pl?sid=20/05/19/1446207
6. "Shkreli Stays in Jail; Infamous Ex-Pharma CEO Quickly Loses Appeal" - https://soylentnews.org/article.pl?sid=19/07/22/022213
7. "Martin Shkreli Accused of Running Business From Prison With a Smuggled Smartphone" - https://soylentnews.org/article.pl?sid=19/03/09/0538246
8. "Sobbing Martin Shkreli Sentenced to 7 Years in Prison for Defrauding Investors" - https://soylentnews.org/article.pl?sid=18/03/10/182249
9. "Britain Fines Pfizer Record £84.2m for 2600% Drug Price Hike" - https://soylentnews.org/article.pl?sid=16/12/08/2252239
10. "Daraprim Price Lowered in Response to Outrage" - https://soylentnews.org/article.pl?sid=15/09/23/0210203
11. "Cost of Daraprim Medication Raised by Over 50 Times" - https://soylentnews.org/article.pl?sid=15/09/22/0843239
12. "Original Submission" - https://soylentnews.org/submit.pl?op=viewsub&subid=55283

printed from SoylentNews, Shkreli Released From Prison to Halfway House After Serving <5 of 7 Years on 2024-04-19 17:40:02