Martin Shkreli, ‘Pharma Bro,’ , Released From Prison.
NPR reports Martin Shkreli, the pharmaceutical
executive who once raised the price of a
life-saving drug by 5,000%, is now out of prison.
Shkreli will reportedly transfer
to community confinement.
Known as the "pharma bro," Shkreli
is expected to be released from the
Bureau of Prisons by September 14.
Sharing a selfie in a recent
Facebook post, Shkreli wrote.
Getting out of real prison is easier than getting out of Twitter prison. , Martin Shkreli, via Facebook.
Shkreli was found guilty on
two counts of securities fraud and
another count of conspiracy to
commit securities fraud in 2017.
A federal judge ruled Shkreli must forfeit all capital gained from his fraud scheme.
As part of a court ruling involving
the forfeiture of $7.4 million.
the United States sold the lone copy
of the Wu-Tang Clan record, 'Once Upon a
Time in Shaolin,' which Shkreli owned.
While in charge of Turing Pharmaceuticals, Shkreli rapidly raised prices on Daraprim, an antiparasitic drug used by AIDS patients and those with weakened immune systems.
Shkreli raised prices on Daraprim
from $13.50 per pill to $750.
In January, a U.S. District Judge forced Shkreli to repay the $64.6 million he received from hiking the price of Daraprim.
Shkreli has been banned from the pharmaceutical industry indefinitely