
Martin Shkreli's life changed drastically in 2017 when he was sentenced to 7 years in prison. He was also ordered to pay $7.36 million in restitution.
Shkreli's time in prison was spent at the Federal Correctional Institution in Fort Dix, New Jersey. He was released on April 24, 2022, after serving his full sentence.
Since his release, Shkreli has kept a relatively low profile. He has not made any public statements or appearances.
Sentenced to 7 Years
Martin Shkreli was initially sentenced to 7 years in prison for his role in securities fraud charges.
He was found guilty on 3 of 8 federal charges related to his time at Retrophin.
Shkreli's original sentence was handed down in 2017 after a lengthy trial.
Lifetime Ban Upheld
Martin Shkreli is still dealing with the consequences of his past actions. He was banned from the pharmaceutical industry for life.
In 2015, Martin Shkreli was found guilty of two counts of securities fraud and one count of conspiracy to commit securities fraud. This led to a lifetime ban from the pharmaceutical industry.
The ban was upheld by a federal appeals court in 2020.
Current Confinement Status
Martin Shkreli has been released from prison early and is now in community confinement.
He was transferred from FCI Allenwood Low in Pennsylvania to a halfway house overseen by the Bureau of Prisons' New York Residential Reentry Management Office.
Shkreli's lawyer, Benjamin Brafman, confirmed his release, stating that his client completed various programs while behind bars to facilitate his early release.
Martin Shkreli is expected to be released from community confinement on September 14, 2022.
He was originally due to be released from prison in September 2023, but was released early due to completing programs that allowed for his prison sentence to be shortened.
Shkreli will be living in a halfway house as part of his community confinement.
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Frequently Asked Questions
Does Martin Shkreli still own Wu-Tang?
No, Martin Shkreli no longer owns the Wu-Tang Clan album "Once Upon a Time in Shaolin". The album was sold to PleasrDAO in 2021 for $4.75 million as part of Shkreli's asset forfeiture.
Where does Martin Shkreli live now?
Martin Shkreli currently resides in Queens, New York. He relocated there after serving nearly 7 years in prison.
Sources
- https://torontosun.com/news/world/ex-pharma-bro-martin-shkreli-now-living-in-queens-on-2500-a-month
- https://www.nbcnews.com/business/business-news/pharma-bro-martin-shkreli-released-prison-sent-halfway-house-rcna29425
- https://www.justice.gov/usao-edny/pr/martin-shkreli-sentenced-seven-years-imprisonment-multi-million-dollar-fraud-scheme
- https://www.theguardian.com/us-news/2022/may/18/martin-shkreli-release-prison-early
- https://www.ftc.gov/news-events/news/press-releases/2024/01/statement-second-circuit-order-upholding-pharma-bro-martin-shkrelis-lifetime-ban
- https://www.tmz.com/2022/05/18/martin-shkreli-released-from-prison-early/
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