'Pharma Bro' Martin Shkreli has $45M E*TRADE (ETFC) Account Frozen

Former KaloBios (Nasdaq: KBIO) and Turing Pharma CEO Martin Shkreli has had his brokerage account frozen.

The NY Post said Shkreli's $45 million E*TRADE account has been frozen by federal authorities. Reasoning behind the move is that Shkreli used the account to "secure his freedom" after he posted a $5 million bail on allegations of securities fraud.

E*TRADE will need to notify officials if the amount slips below $5 million.

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