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4M Pharmaceutical CEO, Mohamed Mokbel, accused of $134M fraud case to be released on home confinement

A federal judge granted bond for Mohamed Mokbel Thursday, under some very strict conditions. Mokbel has to come up with $250,000 for a secured bond and will have to wear an ankle monitor. He will be under house arrest unless he s leaving to go to work, visit his attorneys, doctors visits or other approved reasons. Mokbel was known in his Afton Oaks neighborhood as the man with a Ferrari and a Bentley parked in the driveway. Neighbors called police numerous times for loud partying. However, just about everyone was surprised when federal authorities raided his home early Tuesday morning. Mokbel, wearing a Fendi cat-eye shirt, was marched out of his house in handcuffs and sent to federal detention.

4M Pharmaceutical CEO, Mohamed Mokbel, accused of $134M fraud case to be released on home confinement

4M Pharmaceutical CEO, Mohamed Mokbel, accused of $134M fraud case to be released on home confinement
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