How Martin Shkreli Is Staying Free

He used $45M E*Trade account to secure his bail
By Arden Dier,  Newser Staff
Posted Jan 8, 2016 8:21 AM CST
How Martin Shkreli Is Staying Free
Martin Shkreli, center, leaves the courthouse after his arraignment in New York, Dec. 17, 2015.   (AP Photo/Seth Wenig)

Martin Shkreli is wealthy enough to buy a $120 tea on a whim, but exactly how much money he has is a mystery. A recent court filing, however, shows the former drug CEO had at least $45 million in an E*Trade account as of Wednesday; Shkreli used it to secure his $5 million bail after his arrest last month, reports CNBC.

Shkreli is now barred from selling or transferring assets in the account or using them to secure other debt. E*Trade must also inform prosecutors if the assets dip below $5 million in value, per Bloomberg. The New York Times reports it isn't clear if Shkreli has money in other accounts. (Read more E*Trade stories.)

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