Martin Shkreli loses 90% of his trading account

Infamous pharma executive took a huge hit

Martin Shkreli may need to post fresh collateral for bail after shares of KaloBios Pharmaceuticals fell 90% since December.

Reuters reports:

"KaloBios filed for bankruptcy in December, wiping out most of its equity value. That caused the value of Shkreli's E*Trade brokerage account to drop to $4 million to $5 million, from the $45 million level when it had been frozen, the prosecutor said."

Shkreli will be back in the headlines tomorrow when he is expected to appear on Thursday at a congressional hearing on drug pricing and 'plead the Fifth'.

The most shocking part of the story for me is that he uses an E*TRADE account.