horowitz, you do great work. thanks for coming in. >> always a pleasure, david. melissa: liz macdonald joins us with breaking details. >> mr. martin skelly is pleading not guilty to seven-count indictment of securities fraud. the fcc -- sec filed a civil complaint against mr. shkreli. he was released on five million dollars bond secured by his father and his brother. he is considered a flight risk. he was ordered to surrender his passport this happened within the past hour. he turned to family members and his lawyers and smiled several times while walking out of the courtroom. declined to comment further. here is what he is accused of engaging in. atry tech at that of lies, deceit and greed. basically running a ponzi scheme. he launched a hedge fund. the scheme, by the way, the fraud, according to prosecutors, started in 2009. he launch ad hedge fund and started raiding hedge fund for personal costs things like clothing, office rent and medical expenses and food. when his separate biotech company, retrophin, basically when that company he bought, and became, took a majority stake, became ceo, he started raiding retrophin to