On September 13, 2017, his bail was revoked following a Facebook post offering ,000 for a strand of Hillary Clinton's hair which the judge perceived as solicitation to assault, which is not protected under the First Amendment.
In June 2017, Reuters reported that Shkreli had reported his net worth at million after being arrested in 2015 and that his attorney Benjamin Brafman, in a hearing before Judge Kiyo Matsumoto, had conceded that his client still owned shares of Turing Pharmaceuticals worth between to million.
Shkreli founded Turing Pharmaceuticals in February 2015, after his departure from Retrophin.
He launched Turing with three drugs in development acquired from Retrophin: an intranasal version of ketamine for depression, an intranasal version of oxytocin, and Vecamyl for hypertension.
Retrophin's 2015 SEC Complaint contended Shkreli had created MSMB Healthcare and Retrophin "so that he could continue trading after MSMB Capital became insolvent and to create an asset that he might be able to use to placate his MSMB Capital investors." In 2011, Shkreli filed requests with the FDA to reject a new cancer diagnostic device from Navidea Biopharmaceuticals and an inhalable insulin therapy from Mann Kind Corporation while publicly short-selling both companies' stocks, the values of which dropped after Shkreli's interventions.
The companies had difficulty launching the products as a result, although the FDA ultimately approved both.
When the merger plans stopped, so did Shkreli." Shkreli founded Retrophin (a portmanteau of "recombinant dystrophin") in 2011 under the MSMB umbrella, and ran it as a portfolio company with an emphasis on biotechnology, to create treatments for rare diseases.In September 2015, Shkreli received widespread criticism when Turing obtained the manufacturing license for the antiparasitic drug Daraprim and raised its price by a factor of 56 (from US.5 to US0 per pill), leading him to be referred to as "the most hated man in America" and "Pharma Bro".In December 2015, Shkreli was arrested by the FBI after being indicted on federal charges of securities fraud.and later he took to the internet saying he was willing to take questions from the public that he’d refused to answer before Congress, justifying his position by accusing the Congressmen of being motivated purely by “self-interest.” in the U. District Court for the Eastern District of New York was filed, charging him with securities fraud.The charges were filed after an investigation into his tenure at MSMB Capital Management and Retrophin. Shkreli's frequent criticisms of the federal prosecutors in New York's Eastern District, whom he called "junior varsity" compared to their counterparts in the Southern District across the East River, both on his Facebook streaming video feed and in the hallways of the courthouse, led those prosecutors to request that judge Kiyo A.