Martin Shkreli: Celebs Rumors

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All news where Martin Shkreli is mentioned

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Fyre Festival founder Billy McFarland gets early release from prison
Fyre Festival founder Billy McFarland has been released early from prison.McFarland was serving a six-year sentence after pleading guilty to multiple counts of fraud, including for the disastrous festival in the Bahamas in 2017.He spent six months of his sentence alone in solitary confinement after taking part in the recording of a podcast.According to TMZ, McFarland has now been released from the Milan Federal Correctional Institution in Milan, Michigan, where he was being held.He is now under the management of Residential Reentry Management New York – the administrative office overseeing halfway houses located in southern New York, eastern New York and New Jersey, according to The Hollywood Reporter.McFarland’s release date from the halfway house is currently set for August 30.Back in 2020, he requested an early release from his six-year prison sentence due to concerns over the coronavirus pandemic, but his request was turned down.McFarland’s release comes after Martin Shkreli, the disgraced “pharma bro” who famously bought Wu-Tang Clan‘s ‘Once Upon A Time In Shaolin’ for $2million (£1.4m), was also released early from prison. Shkreli was serving a seven-year sentence after being found guilty of securities fraud following claims he defrauded investors in former hedge funds in 2017.
nme.com
Martin Shkreli has been released early from prison
Wu-Tang Clan‘s ‘Once Upon A Time In Shaolin’ for $2million (£1.4m), has been released early from prison.Shkreli was serving a seven-year sentence after being found guilty of securities fraud following claims he defrauded investors in former hedge funds in 2017.Upon his incarceration, the US government seized ‘Once Upon A Time In Shaolin’ and sold it on to a new buyer last year.But today (May 18) his lawyer Ben Brafman confirmed that Shkreli has been released.“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,” he said in a statement to The Washington Post. In 2020, Shkreli was denied an early release from prison after he petitioned to be let out so he could continue the “significant research” he’d be conducting into finding a vaccine for coronavirus.But the judge described his attempt at a shortened sentence to be another example of the “delusional self-aggrandising behaviour” that he often exhibits, while also citing the few number of COVID-19 cases at Shkreli’s prison, and his lack of a pre-existing condition that would make him more likely to catch the virus.Earlier this year, he was barred from the drug industry and ordered to return the $64.6million (£47.2million) in profits that he made by price-gouging the drug Daraprim in 2015.Meanwhile, shortly after Shkreli’s incarceration, RZA said he had attempted to reclaim the CD copy of ‘Once Upon A Time…’.Although the album was never released to the public, Shkreli did play clips of it during a live-stream in 2017.
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