Shkreli was jailed for running a pyramid scheme to prop up his pharma empire in 2015. McFarland pleaded guilty to counts of wire fraud in March 2018 after scamming 80 investors into putting money in the bogus 'luxury' Fyre Festival - which had no food, toilets, music, or even basic accommodations. Shkreli and McFarland, both initially set for release in 2023, were transported to halfway houses, where they will be held until October and August, respectively. Meanwhile, Shkreli was released almost two years early on Wednesday, having served just five of a seven-year stretch behind bars.
McFarland was secretly sprung from prison on March 30 and sent to community confinement after serving less than four years of his initial six-year sentence, TMZ reported.
News of the early releases of two of the most notorious New York City scammers - Fyre Festival fraudster Billy McFarland and 'Pharma Bro' Martin Shkreli - broke on the same day.
