• Martin Shkreli has been released from prison and is being transferred to a halfway house.
  • Shkreli will be released from all federal custody on September 14, per the US Bureau of Prisons. 
  • Shkreli was serving a seven-year sentence after he was found guilty of securities fraud in 2017.

Former pharmaceutical exec and so-called "Pharma Bro" Martin Shkreli has been released from prison early and sent to a halfway house, having served less than five years of his seven-year sentence.

"While in the halfway house I have encouraged Mr. Shkreli to make no further statement, nor will he or I have any additional comments at this time," his lawyer, Benjamin Brafman, told Insider.

Shkreli posted a selfie to his Facebook page Wednesday with the caption "Getting out of real prison is easier than getting out of Twitter prison."

Earlier on Wednesday, a supporter posted a photo of himself with Shkreli dressed in a gray sweatshirt.

Shkreli was found guilty of securities fraud in 2017 and faced a separate anti-trust lawsuit for raising the price of the rare life-saving anti-parasitic drug Daraprim by 5,000 percent.

He also made headlines when a one-of-a-kind Wu Tang Clan album he bought for $2 million was seized by the Feds to pay part of his criminal penalty. 

Earlier this year, a federal judge banned him from the pharmaceutical industry for life and ordered him to pay a $64.6 million fine.

Shkreli was released from a Pennsylvania prison after serving part of a seven-year sentence and will be transferred to a "community confinement" program, the US Bureau of Prisons confirmed to Insider.

Shkreli is scheduled to be completely released from federal custody on September 14, according to the BOP website.

 

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