Shkreli Seeks Steep Cut in $5 Million Bail as Trial Nears
- He plans to use the money to pay for taxes, legal costs
- Defense lawyer says there’s no risk Shkreli will flee
Martin Shkreli
Photographer: Pete Marovich/BloombergThis article is for subscribers only.
Just days before the start of his fraud trial, Martin Shkreli is running short on cash.
A lawyer for the brash former pharmaceutical executive asked a federal judge to cut his bail from $5 million to $2 million, freeing up $3 million for tax and legal expenses. There’s no risk that Shkreli will flee, the attorney added.