Feds want to seize Martin Shkreli's Wu-Tang Clan album

04 December, 2017, 00:22 | Author: Kristopher Anderson
  • Martin Shkreli

Pharma bro Martin Shkreli has had a bit of a rough year. Among the calculations was $3 million for schemes at hedge fund MSMB Capital, $3.4 million from MSMB Healthcare, and $960,000 on conspiracy to commit securities fraud at his biotech company Retrophin.

Federal prosecutors are going after the top secret "Once Upon a Time in Shaolin" and Wayne's legendarily unreleased album, along with a bunch of cash.

Officials have asked for his forfeiture of $7.36 million in assets they say Martin Shkreli owes as a result of securities fraud.

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"The court should hold Shkreli financially accountable for his criminal conduct by requiring him to forfeit the amounts above, which total $7,360,450.00, and enter a forfeiture money judgment against him in that total amount", the filing reads.

After being convicted for multiple counts of fraud earlier this year, the villainous pharma prick Martin Shkreli may need to hand over his exclusive, $2 million dollar Wu Tang Clan album "Once Upon a Time in Shaolin" to the USA government. They are also hoping to seize a Picasso painting and an original Enigma machine, which Shkreli has described as a "Nazi relic" as it was used by the German military in the second world war. His attorney, Benjamin Brafman, wrote in a statement that "We will vigorously oppose the government motion. Accordingly, forfeiture of any assets is not an appropriate remedy". A contract stipulates that the album cannot be commercially exploited until 2103, although it can be released for free or played at listening parties. He then listed the item on eBay in a September 2017 auction, receiving bids in excess of $1 million, though it's unclear whether the purchase went through.

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