Martin Shkreli Keeps $45,000,000 In Etrade Account

[Fundlord]

http://www.cnbc.com/2016/01/07/martin-shkreli-uses-45m-etrade-acct-for-criminal-bond.html

"Here's one guy who REALLY doesn't want the stock market to tank any further — or he might get locked up.

Pharma bad boy Martin Shkreli has used his Etrade brokerage account — which contained a cool $45 million as of Wednesday — to secure the $5 million bond that has kept him out of jail since mid-December, when he was indicted on federal securities fraud charges."

How does this dude have so much cash laying around ???

 

[zdreg]

http://www.cnbc.com/2016/01/07/martin-shkreli-uses-45m-etrade-acct-for-criminal-bond.html

"Here's one guy who REALLY doesn't want the stock market to tank any further — or he might get locked up.

Pharma bad boy Martin Shkreli has used his Etrade brokerage account — which contained a cool $45 million as of Wednesday — to secure the $5 million bond that has kept him out of jail since mid-December, when he was indicted on federal securities fraud charges."

How does this dude have so much cash laying around ???

how comes he has it laying around at a 3rd rate firm like Etrade? after the article he will be receiving phone calls from goldman offering freebies like .....

 

[marketsurfer]

Maybe because he knows how to make money??--- These guys have millions in checking accounts-- tons of guys like that-- not everyone is eeking out a living

 

[Q3D]

Perhaps Martin Shikreli was the puppet master behind many price action "textbooks" and the subsequent retail-trader wealth transfer?

 

[Chubbly]

He is charged with federal securities fraud charges. Perhaps one of the reasons his former hedge fund went sour was because he was skimming off the top.

A guy who used to run a multi million dollar hedge fund using a 3rd tier broker is pretty odd and a bit suspicious

 

[Fundlord]

Maybe because he knows how to make money??--- These guys have millions in checking accounts-- tons of guys like that-- not everyone is eeking out a living

Well his hedge fund/Ponzi scheme lost all its money and I don't think it was ever big enough to net him 45m after taxes.

Must be from his drug company which had a net loss of $14.6m for the third quarter, ending September 30.

All that $ and this is what he does with his time

 

[Chubbly]

Well his hedge fund/Ponzi scheme lost all its money and I don't think it was ever big enough to net him 45m after taxes.

Must be from his drug company which had a net loss of $14.6m for the third quarter, ending September 30.

All that $ and this is what he does with his time

I hope he gets a twitter and a webcam in prison.

 

[marketsurfer]

He's not going to prison.

 

[Chubbly]

He's not going to prison.

I am pretty sure that is where people go after committing crimes

 

[Chubbly]