Please ensure Javascript is enabled for purposes of website accessibility
December 5, 2022

Smug Smirking Douchebag Leaves Federal Prison Early

Insufferable former Citrin Cooperman client Martin Shkreli is no longer behind bars. From the Wall Street Journal:

Martin Shkreli, the so-called “pharma bro” who was widely criticized for raising the price of a lifesaving AIDS drug, has been released from federal prison.

Mr. Shkreli departed the Federal Correctional Institution Allenwood Low on Wednesday, according to the Federal Bureau of Prisons. Benjamin Brafman, a lawyer for Mr. Shkreli, said he has been transferred to a halfway house after completing programs that allowed for his prison sentence to be shortened.

A jury convicted Mr. Shkreli in 2017 on federal securities-fraud charges involving two hedge funds he managed and a company he founded. He was originally sentenced to serve seven years in prison.

[…]

Vyera Pharmaceuticals LLC, which Mr. Shkreli ran as chief executive when it was called Turing Pharmaceuticals AG, purchased exclusive rights to antiparasitic drug Daraprim for $55 million in 2015 and raised its price to $750 a tablet from $17.50 a tablet, according to court documents. The company also blocked competitors from making generic versions. The price hike was widely condemned at the time.

According to the Federal Bureau of Prisons, Shkreli is scheduled to be released from federal custody on Sept. 14.

‘Pharma Bro’ Martin Shkreli Released From Prison Early [Wall Street Journal]

Related article:

Egad, Pharma Bro Martin Shkreli Was an Insufferable Client

Photo credit: Dennis Van Tine/Alamy Stock Photo

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Related articles

a $100 bill with a mask over Franklin's face

By the Numbers: The Accounting Firms That Received $635 Million in PPP Loans

Remember PPP loans? The Small Business Administration defines PPP as “an SBA-backed loan that helps businesses keep their workforce employed during the COVID-19 crisis.” Remember all the layoffs and pay cuts at accounting firms we were meticulously tracking in early 2020? Transparency group OpenTheBooks.com crunched the numbers using Small Business Administration data and found $635 […]

SEC Enforcement Released Its Greatest Hits for FY 2022

The SEC Division of Enforcement cracked a lot of skulls in fiscal 2022, as it brought in a record $6.439 billion in penalties and disgorgement, up from $3.852 billion in fiscal year 2021. Of that total, the $4.194 billion in civil penalties the SEC doled out was also a record, but the $2.245 billion in […]