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To bail himself out of the slammer after being arrested on charges of securities fraud on December 17, Martin Shkreli put up an E-Trade brokerage account to secure his $5 million bond, court documents revealed. As of January 6, that account had $45 million in assets. Under terms of his current bond, Shkreli cannot sell or trade any of the assets in his E-trade brokerage account.
The revelation is the first glimpse of how much wealth the beleaguered former-CEO has amassed in his short-but-infamous career.
Shkreli, 32, first gained notoriety last fall for ruthlessly hiking the price of a life-saving drug—often used to treat AIDS patients and babies—by more than 5,000 percent. Interest in his assets spiked last month after he was arrested on charges alleging that he orchestrated a Ponzi-like scheme, defrauding hedge fund investors and swindling his former pharmaceutical company, Retrophin, out of millions.
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