Source: Office of the City Register, NYC, via Gawker.com
“I have no comment,” said Shkreli’s high-powered criminal defense lawyer Benjamin Brafman, when asked about his client’s tax lien.
Shkreli has said he is innocent of the criminal case, in which prosecutors claim he looted his former pharma company Retrophin to pay off investors he was suspected of previously defrauding in a hedge fund he ran.
Last week, during a hearing in that case in Brooklyn federal court, it was revealed that Shkreli’s E-Trade account, which had been used to secure his $5 million release bond, had dramatically fallen in value. That account, which had held $46 million when it was used to secure the bond in January, since had fallen to about $4 million, federal prosecutors revealed.
The steep drop was due to the plunge in price of the stock of KaloBios Pharmaceuticals, whose shares comprised the majority of the E-Trade account. Shkreli briefly ran KaloBios after obtaining a controlling share of the company, but was booted as CEO after he was indicted. KaloBios’ stock tanked on the heels of his arrest.