UPDATE: Noon Central Time, 09.19.2017: The government will respond to this motion by close of business tomorrow:
…The government shall file a response to the defendant’s [375] MOTION to Release Bond Obligation by close of business on September 20, 2017. Ordered by Judge Kiyo A. Matsumoto on 9/19/2017…
[End updated portion.]
Here is the proposal from Mr. Brafman, tonight — in Brooklyn. He has presented it with a cover letter, as a form of order — we shall see what the AUSAs have to say about it, tomorrow:
“…Upon the application of the defendant, Martin Shkreli, by his attorneys, Brafman & Associates, P.C.:
WHEREAS, on January 7, 2016 this Court issued a Restraining Order (Document 19) on Martin Shkreli’s individual brokerage account at E*TRADE Securities LLC, 34 Exchange Place, 501 Plaza 2, Jersey City, New Jersey 07311 (“E*TRADE”), ending in the digits “0258” to serve as security for Mr. Shkreli’s appearance bond;
WHEREAS, on July 28, 2016 this Court issued a modification of that Restraining Order permitting Mr. Shkreli to sell the KaloBios stock in his individual E*TRADE account with all proceeds to remain in that account;
WHEREAS, Mr. Shkreli was remanded to the custody of the Federal Bureau of Prisons on September 13, 2017 (Document 367); WHEREAS, the E*TRADE account is no longer required to serve as security for Mr. Shkreli’s appearance bond;
IT IS HEREBY ORDERED that:
Mr. Shkreli’s bail is exonerated and the prior Restraining Order as modified on July 28, 2016 on Mr. Shkreli’s E*TRADE ending in the digits “0258” is vacated.
Dated: Brooklyn, New York
September____, 2017….”
We shall see whether the able judge allows the IRS or the State of New York taxing authorities to impose additional conditions upon its release. I sure hope they are paying attention here.
In fact, I may give them a ring, just to be sure. But obviously, Mr. Brafamn would like to impress his attorneys’ lien on these, perhaps the last remaining liquid assets/funds of the incarcerated convict.
Onward.
Martin Shkreli: Transitioning... To A Free Man. 
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That really surprises me. I thought for sure Mr. Brafman would try harder to get Martin out of prison and back on bail. This would imply he’s totally giving up on that!
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Ri-i-i-iiight, I do hear you R. West. But consider: if Marty stays his lame lil’ butt in the hooskow, Mr. Brafman has some hope of getting at least a share of the $5 million — after the IRS and NY State get paid… it’s a simple move: protect his receivable (legal fee)….
We likely also ought to consider the probability that even Mr. Brafman is sick to death of his client’s unlawful antics — antics that would continue, to a near certainty, should he be popped free — of the MDC lockup in Brooklyn…
Namaste man!
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If Shkreli’s $5 million bail is freed up to pay his creditors (including Brafman), then Shkreli might not have enough cash to post a new million-dollar bail bond should he ever be allowed out of the Brooklyn MDC before his sentencing in January. So…logic dictates that Shkreli will be imprisoned (continuously) for a while — and probably for years.
BTW, did anyone notice that Turing Pharmaceuticals has changed its name to Vyera? The Wayback Machine suggests that this happened on September 14, 2017, the day after Shkreli’s bail was revoked and he was sent to prison. There’s absolutely no information at the company’s new website as to who’s running the show. No info on chief executives. No info on BOD members. There’s also no press release (that I found) announcing the name change.
So is Shkreli still the majority shareholder in Turing/Vyera? Inquiring minds…
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This will be a new post — crediting you Doc.! Great find! Namaste!
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