Federal Judge Orders Man to Forfeit Wu-Tang Clan Album

March 7, 2018

from Spin:

 

Federal Judge Orders Martin Shkreli to Forfeit Wu-Tang Clan Album

 

As part of his conviction for securities fraud, Judge Kiyo Matsumoto ordered Martin Shkreli to forfeit $7.36 million in assets, including the Wu-Tang Clan album Once Upon a Time in Shaolin, CNBC reports. “Pharma Bro” Shkreli paid $2 million for the lone copy of Once Upon a Time in Shaolin in 2015 through a private broker.

 

Other assets Shkreli will most likely have to fork over include the Lil’ Wayne album Tha Carter V, a Pablo Picasso painting, and his $5 million bond.

 

Shkreli is currently in jail awaiting sentencing on March 9, 2018. His conviction stems from charges that he defrauded investors in Retrophin, the pharmaceutical company he co-founded. He was ousted as CEO of the company in 2014.

 

Shkreli is facing upwards of 10 years in federal prison.

 

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