NEW YORK • Convicted pharmaceutical executive Martin Shkreli was freed Wednesday from prison after serving much of a seven-year prison sentence for lying to hedge fund investors and cheating investors in a drug company.

His attorney, Ben Brafman, said Shkreli, 39, was released early from a prison in Allenwood, Pennsylvania. The move was confirmed by the Federal Bureau of Prisons.

“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,” Brafman said.

Shkreli was moved to a halfway house overseen by the Federal Bureau of Prisons’ New York Residential Reentry Management Office, the bureau said in a statement.

The Bureau of Prisons said Shkreli’s projected release date from federal custody was Sept. 14.

Brafman said he has encouraged Shkreli to make no statements, and the lawyer planned no comments beyond confirming Wednesday’s moves.

Shkreli was sentenced to the seven-year term after a 2017 conviction for lying to investors about the performance of two hedge funds he ran, skimming money for himself from those funds, and defrauding investors in a drug company, Retrophin, by hiding his ownership of some of its stock. He was also ordered to forfeit $7.3 million.

Shkreli was originally due to be released from prison in September 2023.