Martin Shkreli bail reduction denied in hearing that disclosed high debts and legal fees

Martin Shkreli bail reduction denied in hearing that disclosed high debts and legal fees

A federal judge Monday rejected, for now, Martin Shkreli's bid to reduce his criminal release bail from $5 million to $2 million during a hearing that exposed his high tax debts, legal fees, and off-beat collectibles. Shkreli's lawyer Benjamin Brafman also said that the accused securities fraudster, who claimed to be worth up to $70 million when he was arrested in late 2015, now "doesn't have any cash."

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