Convicted pharmaceutical executive Martin Shkreli was freed Wednesday from prison after serving much of a seven-year prison sentence for lying to hedge fund investors and cheating investors in a drug company.
NEW YORK —
“I am pleased to report that Martin Shkreli has been released from Allenwood prison and transferred to a BOP halfway house after completing all programs that allowed for his prison sentence to be shortened,” Brafman said. Shkreli defended the decision as capitalism at work, saying insurance and other programs ensured that people who need Daraprim would ultimately get it.
Earlier this year, he was ordered by U.S. District Judge Denise Cote to return $64.6 million in profits he and his former company gained by raising the price of the drug. She also barred him from the pharmaceutical industry for life.
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