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Martin Shkreli Has $45 Million In His E-Trade Account

The former pharmaceutical executive became the subject of widespread scorn in September for defiantly raising the price of a life-saving drug from $13.50 to $700 a pill.

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Martin Shkreli, the former pharmaceutical executive who was arrested last month for securities fraud, has at least $45 million in his E-Trade account, according to a federal court filing.

Shkreli became the subject of widespread scorn in September for defiantly raising the price of a life-saving drug from $13.50 to $700 a pill.

Shkreli was arrested December 17 for allegedly using assets of new companies to pay off debts from bad trades he made while running two hedge funds. He pleaded not guilty and was released on $5 million bond.

On Thursday, Judge Kiyo A. Matsumoto of Federal District Court in Brooklyn granted a restraining order essentially freezing the account and barring any transfers.

Shkreli, who was ousted as the CEO of Turing Pharmaceuticals and KaloBios Pharmaceuticals days after his arrest.

In an interview with the Wall Street Journal days after his arrest, Shkreli said federal prosecutors targeted him for the drug price hike and "because of a social experiment and teasing people over the internet," referring to his online antics including live-streaming his day-to-day activities.

Mary Ann Georgantopoulos is a reporter for BuzzFeed News and is based in New York.

Contact Mary Ann Georgantopoulos at maryann.georgantopoulos@buzzfeed.com.

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