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Shkreli Used E*Trade Account for Bail

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Secures bond with $45 million account.

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Lucas Jackson/Files/Reuters

New court documents on Thursday revealed that reviled pharmaceutical CEO Martin Shkreli used a $45 million E*Trade account to secure bail after he was arrested on federal securities fraud and conspiracy charges last month. The 32-year-old came into the national spotlight for raising the price of life-saving drugs by more than 5,000 percent. Shkreli was freed on a $5 million bond, but cannot sell or transfer any funds out of the E*Trade account.

Read it at Bloomberg

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