UPDATE (10:37 a.m.) - According to federal Bureau of Prisons, Dykstra was released on June 14.

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Former Phillies outfielder has been released from Victorville Federal Correctional Complex in California after serving six and a half months in prison for bankruptcy fraud.

In December, Dykstra was sentenced to prison time after entering guilty pleas one count each of bankruptcy fraud, concealment of assests, and money laundering. The once-praised financial advisor filed for bankruptcy in 2009, but was accused of hiding up to $400,000 in assests, including selling off valuable sports memorabilia.

TMZ has more on the conditions of Dykstra's release:

Dykstra had been serving a 3-year sentence for grand theft auto and falsifying financial statements -- beginning in March last year -- but the sentences were then rolled together into one, and Dykstra served them concurrently.

As for the grand theft auto case, it appears he got out early.

He is now on 3 years supervised release -- the terms of which include: 500 hours community service, drug testing, a substance abuse program ... and he also has to pay $200,000 in restitution to his creditors.

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