Published: Sep 20, 2010 11:34 PM EDT
Updated: Sep 20, 2010 7:08 PM EDT

LEE COUNTY, Fla. - The Federal Bureau of Prisons confirms Samir Cabrera was released Monday on bond.

Cabrera will have to resign his original 100,000 bond.

The defense wants all charges dropped, but is hoping the conviction will be dismissed.

As a result of the Supreme Court's Skilling decision, which changed the law in this circuit and rendered the jury instructions erroneous, this court should vacate Cabrera's convictions and remand all counts for retrial.

In August 2008, a jury found Cabrera guilty of executing a "scheme to defraud investors of the intangible right to honest services," failed to specify whether Cabrera was guilty or not guilty on those counts of executing a "scheme to defraud investors of money," and found Cabrera guilty of money laundering.

On September 18, 2009, the district court sentenced Cabrera to concurrent terms of 10 years imprisonment on each count.

On October 6, 2009, the court amended its judgment to include an order that Cabrera pay a total of $2,300,000 in restitution.