Martin Shkreli, derided as “Pharma Bro” after he hiked the price of a lifesaving drug, and who flaunted his pricey purchase of a Wu Tang Clan album, is out of prison, his lawyer said Wednesday.

Shkreli had been convicted of securities fraud and other offenses and was sentenced to seven years in prison.

He was released Wednesday after serving about five years.

“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. While in the halfway house I have encouraged Mr. Shkreli to make no further statement, nor will he or I have any additional comments at this time,” defense attorney Benjamin Brafman said in a statement provided to ABC News.

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